Washington, D.C. (Nov. 26, 2024) — The Independent Community Bankers of America (ICBA) today announced it has expanded its Wolters Kluwer Preferred Service Provider relationship to include its BizFilings Beneficial Ownership Information Filing platform and its OneSumX Reg Manager offerings, which help community banks streamline compliance processes, reduce regulatory risk, and improve operational efficiency.

“Community banks rely on innovative, secure solutions to meet evolving regulatory demands while maintaining their relationship-driven approach,” said ICBA Senior Vice President of ICBA Innovation Adam Mahone. “We’re proud to offer these additional features through Wolters Kluwer that reduce complexity and improve accuracy, allowing community banks to address regulatory obligations while continuing to focus on serving their customers.”

The BizFilings Beneficial Ownership Filing platform is optimized for small businesses and features a user-friendly interface and built-in automation to reduce the time and confusion often associated with beneficial ownership filings. The solution simplifies the process with Smart forms, mobile-friendly functionality for secure document uploads, and unlimited email or text invitations for collaboration with beneficial owners. A dedicated help desk provides expert support during business hours, with voicemail and callback options available after hours.

OneSumX Reg Manager provides daily updates on U.S. federal and state regulatory changes and requirements to help community banks track, map, and monitor compliance across lines of business while documenting risk mitigation efforts. An AI-driven solution—supported by human expertise—it delivers an automated, structured data feed to capture the massive volume of regulatory content from all relevant regulatory agencies—including AI-enabled authoritative source libraries and updates—to enhance users’ compliance efforts.

“Community banks play a vital role in their local communities, and our solutions are designed to help them navigate complex regulatory requirements efficiently,” said Steve Meirink, CEO of Wolters Kluwer Financial & Corporate Compliance. “The BizFilings Beneficial Ownership Information Filing platform and OneSumX Reg Manager offer intuitive tools to enhance compliance management, enabling community banks to focus on growing their businesses and supporting their customers.”

Wolters Kluwer will present a webinar titled “Preparing Your Small Business Banking Clients for the BOI Deadline” from noon to 1 p.m. ET Wednesday, Dec. 4, to provide crucial insights into the entities impacted by BOI requirements, stress the importance of meeting the federal filing deadline to avoid penalties, and introduce a new program for ICBA member banks designed to help small businesses meet BOI requirements efficiently.

Wolters Kluwer’s Financial & Corporate Compliance division provides financial and corporate professionals with solutions to meet regulatory and legal obligations, manage risk, improve efficiency, and achieve better business outcomes. Its CT Corporation business is a leading provider of registered agent services, incorporation services, and legal entity compliance. Its Compliance Solutions business is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms.

For more information about the ICBA Preferred Service Providers program, visit www.icba.org/psp.

About ICBA

The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.