Frank Boucton, chief financial officer at BGFI

Frank Boucton, chief financial officer at BGFI

BGFI Bank, the Gabon-based financial services conglomerate, has chosen Wolters Kluwer’s OneSumX regulatory reporting software for its French and European banking authority reporting obligations.

The bank is also using the firm’s Regulatory Update Service. This service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 50 countries, “helping to ensure the solution is current at all times”.

Frank Boucton, chief financial officer at BGFI, says: “By opting for content-led technology experts in Wolters Kluwer we will be kept up to date with regulations as they change.”

Wolters Kluwer says OneSumX uses a “single source of data to ensure consistency, reconciliation and accuracy”; and provides an “ecosystem” to manage the “intersection” of governance, finance, risk and compliance (GFRC).

Other banks that have recently signed up to use OneSumX include Banco Santander, Taiwan Business Bank, Bank BGŻ BNP Paribas, Sberbank, and Bank Pocztowy.