Wolters Kluwer’s solutions include asset liability management (ALM), stress testing, and credit risk and financial analysis technologies.
Powered by Empyrean, the ALM solution has been dedicated to user productivity and efficiency and provides flexibility to model unique business and risk management needs.
According to Wolters Kluwer, ALM also helps meet the latest Dodd Frank Act Stress Testing (DFAST) regulatory and reporting requirements.
Recently, the bank also adopted the company’s credit risk management and financial analysis software CASH Suite, which reduces credit and operational risk and helps streamline lending operations.
Astoria also uses Wolters Kluwer Audit, Risk & Compliance’s TeamMate audit management system.
Wolters Kluwer Financial Services Finance, Risk and Reporting, Americas vice president Chris Maclin said: "Wolters Kluwer Financial Services offers financial institutions the comprehensive mix of solutions, services and expertise needed to help meet their diverse and constantly changing regulatory and risk management needs.
"And as an organization, we continue to be forward-thinking in our technology investments to ensure that we offer our clients better ways to control and manage their risks and opportunities, now and in the future."
Netherlands-based Wolters Kluwer offers risk management, compliance, finance and audit solutions to global customers. It helps them navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions.
