Santander Picks Wolters Kluwer for Reporting
Spanish bank chooses solution to meet Australian requirements
Banco Santander has chosen Wolters Kluwer Financial Services' OneSumX Regulatory Reporting solution for its operations in Australia.
With ever-increasing Australian Prudential Regulation Authority (APRA) Reporting requirements, the Spanish bank identified a need to automate external report generation.
OneSumX's financial data architecture will enable data consolidation for Banco Santander, while the APRA reporting automation tool will facilitate its compliance with APRA regulatory reporting requirements covering foreign Authorised Deposit-taking Institution reports. Meanwhile, the regulatory update service will help the bank ensure continued compliance with the latest regulatory standards as they develop.
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