Triodos Bank UK, a leader in sustainable finance, has successfully implemented Wolters Kluwer’s OneSumX for Regulatory Reporting. The Software-as-a-Service (SaaS) deployment is designed to strengthen the bank’s regulatory reporting capabilities and operational compliance, particularly in response to the evolving post-Brexit regulatory environment in the United Kingdom.
The implemented solution covers critical reporting requirements including liquidity reporting, COREP, FINREP, and UK-specific PRA 110. The project emphasized a collaborative approach between Wolters Kluwer and Triodos Bank, focusing on data quality, transparency, and execution.
Sarah Morse, CFO at Triodos Bank UK, stated, “We selected Wolters Kluwer because of their global presence and strong product offering. With OneSumX, we’ve strengthened control over our reporting, gained better visibility into our data, and positioned ourselves in a stronger position to meet evolving requirements.” This aligns with Triodos Bank’s objective to secure a future-ready platform that enhances data control and long-term adaptability for its operations.
Dean Sonderegger, Senior Vice President and General Manager, Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), commented, “This implementation is a strong example of how cloud-based regulatory technology, applied through close collaboration, can improve transparency, agility, and long-term readiness.” He added that Triodos Bank’s focus on responsible finance aligns with Wolters Kluwer’s mission to support institutions with confidence.
Triodos Bank’s internal data experts collaborated with Wolters Kluwer’s professional services team to streamline data ingestion and enhance reporting control. The system’s transparency features and drill-down capabilities aim to facilitate greater ownership of the reporting process, which can improve accuracy and accelerate issue resolution. A key feature, the Regulatory Update Service, ensures the system remains aligned with ongoing regulatory changes. Furthermore, the solution’s advanced data architecture supports exposure analysis and scenario testing, capabilities that complement Triodos Bank’s values-driven approach to risk management.
Founded in 1980, Triodos Bank is recognized as a pioneer in sustainable banking, financing enterprises that contribute positive social, environmental, or cultural outcomes. The bank operates in the Netherlands, Belgium, the UK, Spain, and Germany, and extends its global reach through Triodos Investment Management.
Darin Byrne, Vice President, Consulting and Professional Services, Wolters Kluwer FRR, concluded, “Triodos Bank brought strong internal capabilities and a clear vision. Together, we have delivered a scalable, transparent solution built for the complexity of today’s regulatory environment.” Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is a division of Wolters Kluwer’s Financial & Corporate Compliance (FCC), which provides a range of technology-enabled solutions for lending, regulatory and investment compliance, corporate services, and legal entity compliance.
Wolters Kluwer (EURONEXT: WKL) is a global provider of information, software solutions, and services for professionals across various sectors. Headquartered in Alphen aan den Rijn, the Netherlands, the company reported 2024 annual revenues of €5.9 billion and serves customers in over 180 countries.
