Poland-based mBank has chosen Wolters Kluwer’s OneSumX for Risk Management as its new risk software.
OneSumX is deploying in mBank’s Polish, Czech and Slovakian divisions
The Wolters Kluwer system will be used across the bank’s Polish, Czech, and Slovakian asset and liability management, as well as its market risk and profitability sections.
Łukasz Witkowsk, director of the balance risk management department at mBank, says that Wolters Kluwer has “an excellent reputation for market leading risk software.”
Patrycja Kołodziejczyk, manager of the strategic projects team at the bank, adds: “We look forward to working with Wolters Kluwer’s experts on the implementation in what is undoubtedly an important project.”
Founded in 1986, mBank is Poland’s fourth-largest universal banking group in terms of assets. It reported $44 billion in assets under management for Q1 2020.
The bank offers retail, corporate and investment banking as well as other financial services such as leasing, factoring, insurance, financing, and brokerage.
Kris Van Bavel, managing director of Wolters Kluwer’s risk and reporting business in EMEA, says that his firm’s “extensive implementation experience” will provide “the high level of service mBank requires.”
Related: Aegean Baltic Bank of Greece selects Wolters Kluwer’s OneSumX
