Wolters Kluwer Acquires rFrame Reporting Tool

Wolters Kluwer Financial Services has acquired the rFrame regulatory reporting product suite from CGI, an IT and business process services company.
By Jake Safane(2147484770)
Wolters Kluwer Financial Services has acquired the rFrame regulatory reporting product suite from CGI, an IT and business process services company.

rFrame automates the compliance process through data capture and report submission to authorities. The solution also generates internal reports for review and helps calculate market risk, credit risk, operational risk, large exposures and liquidity risk.

“The addition of rFrame strengthens Wolters Kluwer Financial Services strong regulatory reporting and risk management position in the U.K. and Ireland where it now serves more than 130 customers. rFrame fits very well with Wolters Kluwer Financial Services’ Summix regulatory reporting solution suite,” says Kieran Leahy, chief operating officer of Wolters Kluwer Financial Services’ Finance, Risk and Compliance business.

“Together, the company will be able to help more firms operating in the U.K. to meet the country’s specific regulatory requirements and will help more customers meet the increasing demand and velocity of regulatory changes related to COREP, FINREP, liquidity and credit reporting, as well as Bank of England changes,” says Stephen Heron, Wolters Kluwer sales director, U.K. & Ireland.

As part of the acquisition, 10 employees from the rFrame product will become a part of Wolters Kluwer Financial Services’ European operations.

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