Wolters Kluwer Financial Services Unveils Compliance University On-Line Learning

Company Teams up With Digital Spirit to Marry Leading Compliance Content and Experience With Proven Training Technology and Methodology.

MINNEAPOLIS – Jan. 30, 2006 – Wolters Kluwer Financial Services announced it has launched a comprehensive Internet-based university for financial institutions. Compliance University™ On-Line Learning helps institutions train their employees on compliance, operational, and soft skills on an annual and periodic basis.

Compliance University is built upon the regulatory content, industry knowledge and decades of experience of Wolters Kluwer Financial Services’ Bankers Systems brand. Financial institutions, regulators and examiners have associated the Bankers Systems’ name with leading compliance and operational risk management solutions for more than 50 years.

Digital Spirit, another Wolters Kluwer business and provider of innovative on-line training tools and technology to some of the largest companies and financial institutions in the world, constructed the courseware and technology platform that powers Compliance University. Digital Spirit provides training solutions to many prominent financial organizations, including HSBC, UBS and Allianz.

“As a leading provider of risk management solutions, Wolters Kluwer Financial Services knows what financial institutions are looking for when it comes to on-line compliance, operational and soft-skill training,” said John Bryant, senior vice president of banking for Wolters Kluwer Financial Services. “Institutions are telling us they want a professional, stable solution with SCORM (Sharable Content Object Reference Model)-compliant content that is easy-to-use and customize and offers advanced tracking and reporting capabilities. We are uniquely able to offer all of that to them with Compliance University.”

“Digital Spirit is proud to be working with Wolters Kluwer Financial Services to provide financial instituitions with the most authoritative, up-to-date and professionally managed content available in an on-line learning solution,” said Gregor Engelmeier, director of information technology for Digital Spirit.

Comprehensive Learning Opportunities

Compliance University offers financial institutions two tracks on traditional compliance and operational topics – one course library is designed specifically for banks and one course library is designed specifically for credit unions. Compliance University currently offers 160 training courses to banks and 158 training courses to credit unions.

Nearly 100 additional compliance and operational courses will be added within the next 12 to 18 months.

All of Compliance University’s courses are designed to help institutions manage their compliance and reputational risks through up-to-date content and first-to-market updates.

By the first quarter of 2006, Compliance University will feature 18 soft-skill (noncompliance) programs featuring nearly 500 individual modules. Several hundred of those modules are part of a comprehensive desktop education curriculum focused on personal computers, the Internet, and the following Microsoft® solutions: Windows® XP, Word, Outlook®, Excel®, PowerPoint® and Access.

Compliance Content With a Track Record

Compliance University was developed using the leading compliance content, industry knowledge and decades of experience of Wolters Kluwer Financial Services’ Bankers Systems brand. The company’s extensive team of attorneys and compliance analysts tracks tens of thousands of pieces of legislation each year, including regulations and case law for all 50 states, the District of Columbia and the U.S. Government.

Standards-Based Platform With Superior Content

Computer-based and on-line learning has grown into a mature technology built around industry standards. Compliance University features SCORM-compliant content, which assures financial institutions they will not be locked into using one vendor. In fact, Compliance University content is available in three formats to permit maximum flexibility for an institution:

SCORM modules for institutions that have their own in-house learning management system (LMS);
For institutions without an LMS, Compliance University provides a professionally built and managed LMS that offers robust tracking and reporting capabilities leveraging the industry leading strength and experience of IBM; and
For institutions with no need for detailed tracking and reporting, and those who want basic computer-based training, stand-alone modules delivered on CD-ROM are also available.
To ensure a professional learning experience, the module contents have been reviewed and formatted by experienced, adult-learning industry experts. Each module offers a professional presentation to reflect an organization’s commitment to learning.

Availability and Pricing

For an interactive demonstration or for more information on Compliance University, contact a Wolters Kluwer Financial Services account executive or visit www.WoltersKluwerFS.com/complianceu/.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services, a market leader and strategic customer unit of Wolters Kluwer, provides best-in-class compliance, credit, and operational risk management and work flow services and solutions; as well as capital changes and corporate actions data and tools to banks, credit unions, mortgage companies, securities organizations, and insurance companies throughout the United States. Its well-known brands include Bankers Systems, Atchley Systems, VMP Mortgage Solutions, PCi Corporation, GainsKeeper, AuthenticWeb, NILS INSource, Uniform Forms and CCH Capital Changes.

The organization’s solutions include documentation and documentation platforms; analytics; regulations and statutes tools; and capital changes and corporate actions services—all focused on helping its customers manage risk while becoming more efficient, productive, and responsive. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading multinational publisher and information services company. The company’s core markets are spread across the health, corporate services, financial services, tax, accounting, law, regulatory, and education sectors. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

Contact Information

Peggy Wilson

Director of Corporate Communications

Wolters Kluwer Corporate & Financial Services

Contact via E-mail