Bank of Tokyo-Mitsubishi UFJ Holland (BTMU Holland) has selected Wolters Kluwer Financial Services’s OneSumX solution to manage both its liquidity risk as well as its credit risk.

According to Wolters Kluwer, OneSumX will offer the bank a complementary and comprehensive ecosystem of governance, finance, risk and compliance solutions.

The bank has specifically signed up to deploy the OneSumX Liquidity Risk Management solution which combines a risk management/stress engine and regulatory reporting platform.

Rob van der Kroon, head of the risk management division at BTMU Holland, said: "The OneSumX implementation for liquidity and credit risk will create clear operational efficiencies for the bank and our investment here demonstrates the importance we place on mitigating risk for our clients and shareholders."

The Netherlands subsidiary of the Japanese bank is a long standing client of Wolters Kluwer Financial Services, using its regulatory reporting services.