WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer analyzed upcoming U.S. state minimum wage increases for 2023, revealing that 26 states will raise wages due to inflation pressures. The highest rates are found in Washington ($15.74) and D.C. ($16.10). Several states, including Delaware and Maryland, are set to increase their minimum wages by $1.25. Additionally, Michigan's wage may increase to $13.03 after a court ruling. Notably, states like Nebraska and Nevada passed measures to raise their minimum wage to $15 and $12, respectively, by 2024.

Wolters Kluwer has expanded its partnership with BioDigital to enhance medical education through immersive technologies. This collaboration aims to integrate BioDigital XR into Wolters Kluwer's medical education programs, offering students advanced virtual reality (VR) and augmented reality (AR) solutions. These tools provide an engaging and safe learning environment, allowing students to explore anatomical structures. The partnership showcases innovations at the International Meeting on Simulation in Healthcare from January 21-25, 2023, in Orlando, Florida.

Wolters Kluwer released its 10th annual Regulatory & Risk Management Indicator survey, highlighting major concerns for U.S. banks and credit unions regarding regulatory change management.

Maintaining compliance with evolving regulations is their top challenge, with 68% feeling pressure from anticipated small business lending data collection rules. The survey also revealed a Main Score of 94, reflecting a decline from previous years due to fewer regulatory penalties. The banking sector is increasingly focused on digitizing processes, with top risk priorities including cybersecurity (72%) and compliance risk (51%).

Wolters Kluwer has expanded its strategic alliance with EY, enhancing the CCH® Tagetik Corporate Performance Management (CPM) solution for large financial transformations. This collaboration aims to streamline financial processes, boost productivity, and ensure regulatory compliance. The CCH® Tagetik platform offers features such as automated workflows, built-in financial intelligence, and simplified processes. EY plans to implement this technology across additional global markets, emphasizing its commitment to driving client financial transformation initiatives efficiently.

Wolters Kluwer Compliance Solutions has achieved a record year with 54 industry awards in 2022, recognizing excellence in risk management and regulatory compliance. Notable accolades include Stevie Conlon named Tax & Regulatory Executive of the Year and Simon Moir as a Tech Trendsetter. The company's Executive VP, Steven Meirink, received the Digital Lending Solutions Executive of the Year award. These recognitions underscore the firm's commitment to innovation and service in supporting U.S. financial institutions.

Wolters Kluwer Legal & Regulatory U.S. has relaunched Kluwer IP Law, a comprehensive resource for intellectual property, enhancing user customization and productivity. The redesign features a new user experience (UX), allowing legal professionals to tailor their homepage and save favorite materials for easy access. Key IP law sources, including Visser's Annotated European Patent Convention, remain central to the platform. This update aims to streamline research and collaboration among attorneys, ensuring faster access to expert commentary and practical guidance.