OneSumX chosen by Egypt’s HDB

Egypt’s Housing and Development Bank (HDB) has picked Wolters Kluwer Financial Services to provide its risk, regulatory reporting and operational risk software solutions.

OneSumX provides an ecosystem of complementary and comprehensive solutions and services to manage the intersection of governance, finance, risk and compliance, helping to increase organizational profitability, efficiency and growth. HDB will specifically use OneSumX for risk management in the areas of asset liability management (ALM), liquidity, market risk and credit risk.

The ALM solution to be deployed at HDB is based on Wolters Kluwer Financial Services’ integrated data architecture, providing an enterprise-wide risk solution. The solution enables balance sheet modelling, risk measurement, risk management and regulatory compliance.