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Egyptian Bank Picks Wolters Kluwer for Multiple Solutions

Departments across finance, governance, risk and compliance will use OneSumX suite

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The Egypt Housing and Development Bank will use Wolters Kluwer's OneSumX solution

Housing and Development Bank (HDB), a major Egyptian bank that is about 60% state-owned, has selected Wolters Kluwer Financial Services's OneSumX to provide its risk, regulatory reporting and operational risk software solutions.

The Europe, Middle East and Africa (EMEA) business of the global risk and regulatory technology firm won HDB's enterprise risk management tender.

Lazhare Djeffal, Geneva-based director of channel and partner sales at Wolters Kluwer, tells Inside Reference Data that HDB

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