Swedish Export Credit implements Wolters Kluwer’s OneSumX for IFRS9 reporting
Swedish Export Credit Corporation (SEK) is implementing Wolters Kluwer’s OneSumX regulatory reporting software for International Financial Reporting Standards (IFRS) 9 reporting.
State-run SEK is already a user of OneSumX for financial reporting (Finrep) and has now expanded the contract to cover the IFRS9 regulations, which are due to be implemented by all financial institutions by 1st January 2018.
Susanna Rystedt, chief administrative officer at SEK, says Wolters Kluwer was “a natural choice” for the company, due to a long-standing relationship.
For its back office processing, SEK uses the ACBS syndicated lending system from FIS, Banking Technology understands.