LGT in regtech revamp with Wolters Kluwer
Liechtenstein’s private bank and asset manager LGT is working on a regtech project with Wolters Kluwer.
LGT is implementing the vendor’s OneSumX platform for the regulatory reporting and risk management of its Asian operations – in Singapore and Hong Kong.
According to Daniel Marxer, manager at LGT, the bank “carefully evaluated all the options on offer” for its regtech needs.
“We are confident that Wolters Kluwer, with its considerable expertise in risk and regulatory reporting in the region, will provide us with the best possible end-to-end solution,” he says.
LGT is the world’s largest private banking and asset management group that is wholly owned and managed by an entrepreneurial family – Princely House of Liechtenstein.