Czech lender Ceskoslovenska obchodni banka (CSOB), owned by Belgium’s KBC Bank, has selected Wolters Kluwer’s OneSumX software to support its Treasury department.

The platform provides an ecosystem of complementary and comprehensive solutions and services to manage the intersection of governance, finance, risk and compliance, increasing organizational profitability, efficiency and growth.

The Czech lender will deploy the software for risk management for the Treasury (ALM) department to manage its funds transfer pricing (FTP) system.

The FTP system is based on Wolters Kluwer’s integrated platform that assigns FTP rates and calculates spreads per deal.

Wolters Kluwer finance, risk & reporting business managing director EMEA Kris Van Bavel said: “CSOB’s adoption of our software is another important validation of our leading position in the risk management space through our OneSumX solution.

“We very much look forward to continuing our work with the bank on the implementation and on a further roll-out of our risk management solution.”