WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Kluwer Arbitration, recognized as the leading digital solution for international arbitration research, has won the 2022 LegalTech Breakthrough Award in the Legal Research Innovation of the Year category. This platform offers over 7,000 profiles of arbitration experts, enhancing legal professionals' ability to select appropriate arbitrators. The award highlights Kluwer's commitment to improving workflow efficiency through AI-enabled analytics. Wolters Kluwer, the parent company, reported €4.8 billion in annual revenue for 2021 and operates globally, with shares traded as WTKWY.

Wolters Kluwer, Health has launched the Digital Health Architect Consumer Education Suite and EmmiGuide to enhance digital health technology deployment by virtual care vendors and payers. Showcased at the 2022 HLTH conference, these solutions provide extensive, trusted health content to improve patient engagement and care delivery. The Consumer Education Suite offers over 600 Emmi videos and 8,500 educational leaflets, while EmmiGuide aids payers in member engagement. These innovations aim to streamline healthcare delivery and empower consumers in managing their health effectively.

Wolters Kluwer has partnered with Microsoft to enhance healthcare innovation through the integration of its solutions with the Microsoft Azure cloud platform. The initial phase includes the launch of Digital Health Architect™, a platform that supports virtual care companies and payer management. This integration will enable healthcare organizations to provide better care by accessing up-to-date, evidence-based content, aimed at improving patient engagement and outcomes. Wolters Kluwer reported 2021 revenues of €4.8 billion, serving clients across 180 countries.

Wolters Kluwer announced the opening of its new office in Seoul, South Korea, expanding its presence in the Asia Pacific region to eleven countries. This strategic move aims to meet the growing demand for Corporate Performance Management (CPM) solutions in South Korea, which is the world's 10th-largest economy. Led by industry veteran Jeong Youn Gwi, the new operation will address challenges faced by organizations in transitioning from legacy systems to an advanced, unified platform for financial management.

Wolters Kluwer announces new compliance rules under the Corporate Transparency Act (CTA), effective January 1, 2024. The CTA mandates that 32.6 million U.S. entities report their beneficial ownership details to FinCEN, with additional annual increases of 5 million entities. Existing firms have until January 1, 2025, to file, whereas new firms must report within 30 days of their registration. The CTA aims to combat money laundering and improve transparency in the financial system, impacting primarily small businesses due to various exemptions.

Wolters Kluwer has unveiled the latest version of CCH Axcess™ iQ at the CCH Connections: User Conference in Tampa, Florida. This innovative tool helps tax and accounting firms navigate evolving federal and state legislation, addressing a key challenge highlighted by industry professionals. The new functionality allows users to identify affected clients, automate communications, and provide strategic advice, enhancing client relationships and driving revenue. Wolters Kluwer reported annual revenues of €4.8 billion in 2021 and serves clients in over 180 countries.

The Bank of East Asia (BEA) has selected Wolters Kluwer's OneSumX regulatory reporting software to enhance its compliance and reporting processes. This software will aid in automating Hong Kong Monetary Authority banking returns and GDR reports, ensuring data consistency and accuracy. BEA's Deputy Chief Executive emphasized the importance of choosing a provider with proven GDR automation. The collaboration aims to support BEA in meeting its regulatory obligations efficiently.