Afin Bank adopts Wolters Kluwer’s OneSumX platform to deliver compliance and scalability in the UK market

Afin Bank adopts Wolters Kluwer’s OneSumX platform to deliver compliance and scalability in the UK market

(IN BRIEF) Afin Bank has gone live with Wolters Kluwer’s OneSumX for Regulatory Reporting, enabling efficient and accurate submissions for COREP, FINREP, BEEDS, and PRA 110. The modular SaaS platform will expand in future phases to cover liquidity risk, IRRBB, and asset liability management, supporting the bank’s compliance and growth needs. Serving underserved groups in the UK, Afin Bank selected OneSumX for its flexibility and scalability, with CFO Charles Resnick and Head of Treasury Lorraine Shalley praising the solution’s robustness and Wolters Kluwer’s expertise. According to Wolters Kluwer FRR’s Dean Sonderegger, the implementation demonstrates how innovation and inclusion can work together to give challenger banks a long-term competitive edge.

(PRESS RELEASE) ALPHEN AAN DEN RIJN, Netherlands, 3-Sep-2025 — /EuropaWire/ — Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) has announced that UK-based Afin Bank has successfully implemented its OneSumX for Regulatory Reporting solution. The new digital challenger bank is now leveraging the platform’s cloud-based SaaS capabilities to streamline last-mile regulatory submissions, including COREP, FINREP, BEEDS (Bank of England Statistical Reporting), and PRA 110.

This first phase of deployment ensures that Afin Bank can submit accurate and timely reports to UK regulators while benefitting from the modular and scalable design of OneSumX. Future phases will extend the implementation to cover comprehensive regulatory calculations, automated data mapping, and a powerful cashflow engine to support broader requirements in liquidity risk, IRRBB, and asset liability management.

“Afin Bank is a powerful example of how innovation and inclusion can go hand in hand,” said Dean Sonderegger, Senior Vice President and General Manager, Wolters Kluwer FRR. “By combining immediate compliance capability with a platform designed to grow alongside the business, Afin Bank can remain focused on its mission while keeping ahead of evolving regulatory expectations.”

Afin Bank, a UK digital bank, is dedicated to serving communities often underserved by mainstream institutions, such as diaspora groups and self-employed borrowers. Its mortgage and savings products are designed with transparency and simplicity at their core, ensuring broader access to financial services.

Wolters Kluwer highlighted the suitability of OneSumX for new market entrants. “It offers the ability to start with targeted capabilities and expand seamlessly over time,” Sonderegger explained, crediting the close collaboration between Wolters Kluwer’s professional services team, Head of Treasury and Regulatory Reporting Lorraine Shalley, and Afin Bank’s finance function for ensuring a smooth and timely implementation.

Charles Resnick, CFO of Afin Bank, added: “Wolters Kluwer’s OneSumX solution is flexible, scalable, and robust. Its expertise and professionalism gave us complete confidence that this was the right choice for our business, both today and for the long-term.”

Shalley noted: “The regulatory and ALM functionality gives Afin Bank the tools we need today and as we expand, allowing us to focus on driving the performance of the business.”

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide.

Media contact:

David Feider
Associate Director, External Communications
Financial & Corporate Compliance
david.feider@wolterskluwer.com
+1 (612) 246-9454

SOURCE: Wolters Kluwer N.V.