Wolters Kluwer N V Stock Price, News & Analysis

Wolters Kluwer reports that despite a slowdown in adopting digital technologies due to rising interest rates and a decelerating mortgage market, lenders are actively seeking mortgage closing platforms to enhance efficiency and reduce costs.

According to Kevin Wilzbach, director at Wolters Kluwer Compliance Solutions, digital solutions like eNotes and eClosings are vital for improving customer experience and mitigating risks. A recent survey indicated that 60% of lenders struggle to find suitable digital solutions, with only 15% citing budget constraints. In 2022, Wolters Kluwer generated €5.5 billion in revenue, demonstrating its strong position in the compliance sector.

Following the collapse of Silicon Valley Bank and Signature Bank, federal regulators have been working diligently to stabilize the U.S. banking system. Senior Advisor Timothy Burniston from Wolters Kluwer Compliance Solutions notes that investigations are ongoing to identify the causes of these failures. Amid this turmoil, First Republic Bank received a $30 billion deposit boost from major banks. The Federal Reserve and central banks are coordinating efforts to enhance liquidity, with UBS acquiring Credit Suisse to strengthen global markets. Wolters Kluwer reported 2022 revenues of €5.5 billion and continues to provide risk management and compliance solutions to U.S. financial institutions.

On March 17, 2023, Wolters Kluwer Legal & Regulatory U.S. launched a Due Diligence Checklist designed to help corporate legal departments assess the stability of financial institutions amid recent bank failures like Silicon Valley Bank. This resource offers proactive steps to evaluate a bank's health, including reviewing investments, ensuring participation in stress tests, and regularly monitoring for changes. The checklist aims to empower corporate and legal counsels to make informed decisions about bank partnerships to mitigate financial risks. Learn more here.

Ewa Cairns-Szkatula, Director of Technology Product Management at Wolters Kluwer Legal & Regulatory U.S., will speak at the EFILA Annual Conference on March 16, 2023, in Madrid. Her session will focus on Kluwer Arbitration's data-driven tools, Profile Navigator and Relationship Indicator, designed for selecting arbitrators and expert witnesses. Cairns-Szkatula emphasizes that these resources enable legal professionals to make informed decisions in international arbitration. Kluwer Arbitration, lauded for its extensive resources, has won several industry awards and continues to innovate in legal research.

Wolters Kluwer Compliance Solutions is hosting a free webinar titled “UDAAP, the Risk That Keeps on Giving: Avoid Unexpected Surprises Throughout the Loan Lifecycle” on Thursday, March 16, from 2-3 pm EDT. The event will feature regulatory compliance experts discussing strategies to mitigate discriminatory lending risks and compliance obligations surrounding unfair, deceptive, or abusive acts or practices (UDAAP). The panel will cover UDAAP risks across the loan lifecycle, emphasizing the importance of proactive compliance measures amid increased regulatory scrutiny.

Wolters Kluwer reported annual revenues of €5.5 billion in 2022 and operates in over 180 countries.

Wolters Kluwer Health has partnered with Hollywood Presbyterian Medical Center and Sentara Healthcare to implement the Ovid Synthesis Clinical Evidence Manager, enhancing evidence-based clinical research initiatives. This cloud-based tool will support HPMC's Shared Governance Program and Sentara's Nurse Residency Program, streamlining the research process through AI-driven literature review and collaboration. The solution aims to increase project visibility, ensure compliance, and optimize clinical quality amid resource constraints. Launched in 2022, Ovid Synthesis is also being adopted by other institutions like the University of Alabama at Birmingham.