Wolters Kluwer completes sale of finance, risk, regulatory business
Regnology acquired FRR business for $526M
Wolters Kluwer, a software solutions and professional services provider, has completed the sale of its Finance, Risk and Regulatory Reporting (FRR) business to Regnology Group.
The $526 million deal, announced in July, will support continuity for all FRR clients as systems transition onto Regnology’s scalable SaaS platform, according to a Regnology release today. The integration will incorporate Wolters Kluwer’s OneSumX software for finance and risk, adding advanced accounting, reporting, real-time financial data processing and risk analysis for chief financial officers and chief risk officers.
The acquisition aligns with Regnology’s strategy to pair regulatory expertise with innovation. The company recently launched its RRH Ascend platform, a cloud-native system designed to automate processes and apply AI-driven insights to regulatory data.
Regnology, which provides technology solutions, has more than 2,000 employees across 30 countries and serves financial institutions in more than 100 countries, according to the release.
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