Wolters Kluwer announces that its CCH® Tagetik Intelligent Platform has achieved the IBM Cloud for Financial Services® Validated designation. This recognition confirms that the solution meets the high security, regulatory compliance and risk management requirements imposed on financial institutions operating in highly regulated environments.
The IBM Cloud for Financial Services programme was designed to help financial sector players accelerate their cloud transformation while managing operational, regulatory and cyber risks. The validation confirms that CCH Tagetik aligns with the controls, best practices and frameworks defined by IBM for this sector.
Recognition focused on security and compliance
Achieving this designation follows an in-depth validation process covering the platform’s controls, security practices and architecture. CCH Tagetik thus becomes the first Corporate Performance Management (CPM) solution to meet the requirements of IBM’s Financial Services Cloud Framework, particularly in terms of data protection and regulatory compliance.
According to Wolters Kluwer, this validation strengthens the platform’s ability to support banks, insurers and financial market institutions in modernising their financial processes, while complying with strict governance and security standards.
A driver for cloud adoption in finance
In a context marked by increased regulatory pressure, stronger confidentiality requirements and growing exposure to cyber threats, this recognition is intended to reassure financial institutions seeking to accelerate their cloud adoption. The IBM Cloud for Financial Services Validated designation now enables CCH Tagetik to use the associated official label, signalling its alignment with industry benchmark standards.
Extensive use cases for financial performance
Deployed on IBM Cloud, the CCH Tagetik platform covers the full financial performance management cycle, including planning and budgeting, close and consolidation, regulatory reporting, profitability analysis and ESG monitoring. It also incorporates advanced artificial intelligence-based capabilities, such as forecasting, anomaly detection and scenario modelling.
Thanks to IBM-validated prescriptive architectures and controls, financial institutions can reduce deployment-related risks and accelerate their transformation projects, while strengthening the reliability and security of their financial operations.
source: wolterskluwer
