Nordea Bank Russia (NBR) has chosen Wolters Kluwer’s OneSumX Risk and Management Information Systems (MIS) reporting solutions to enhance organisational efficiency.

The bank opted for the vendor’s OneSumX Risk Management for Asset and Liability Management (ALM) that includes EaR and Economic Capital. The solution facilitates balance sheet modelling, risk measurement as well as management.

In addition, the bank also selected the OneSumX MIS Reporting solution for ALM and Market Risk measures.

NBR deputy chief risk officer said: “We chose Wolters Kluwer because it has an impeccable reputation and expertise in delivering best risk management and MIS reporting solutions.”

Wolters Kluwer managing director of EMEA for finance, risk and reporting business Kris Van Bavel added: “We have a deep understanding of the Russian market and can offer suitable solutions to banks so that they get aligned with increasingly tough requirements. We look forward to working with Nordea Bank Russia (NBR) on the implementation.”