Wolters Kluwer’s CCH Tagetik Intelligent Platform has earned the IBM Cloud for Financial Services Validated designation, marking a significant step in cloud-based solutions for corporate performance management. This achievement highlights the platform’s adherence to rigorous security and compliance standards tailored for financial organizations. Financial institutions now have a validated tool to enhance operational resilience amid rising regulatory pressures.
Understanding the IBM Cloud Framework
The IBM Cloud for Financial Services framework establishes a structured approach to risk management and innovation in cloud environments. It incorporates comprehensive control requirements that address security needs, regulatory obligations, and cloud best practices through a shared responsibility model involving financial institutions, application providers, and IBM Cloud. Developed in collaboration with industry experts, including a Financial Services Cloud Council of CIOs, CTOs, and risk leaders, the framework simplifies compliance for institutions deploying software or SaaS applications.
This validation process demands detailed evidence of control implementation, covering areas like data protection and resiliency during deployment and operations. Only solutions meeting these criteria receive the designation, enabling providers to display the Financial Services Validated mark. For CCH Tagetik, completion of this review confirms its alignment with standards that mitigate cyber risks and support ecosystem partnerships.
CCH Tagetik’s Platform Capabilities
CCH Tagetik serves as a unified corporate performance management solution, automating processes from planning and budgeting to financial close, consolidation, and reporting. The Intelligent Platform integrates AI features such as Ask AI, a generative AI assistant for natural language queries in text or voice, delivering real-time visual responses and enabling faster analytics. Additional tools include Intelligent Analytics for self-service dashboards, AI Automapping for data governance, and anomaly detection to flag irregularities.
The platform extends to profitability analysis, ESG tracking, and regulatory reporting, with AI-driven forecasting and scenario modeling accelerating decision-making. Predictive intelligence and transaction matching further refine data reconciliation and forecasts. Built on a robust data infrastructure, it connects finance and operational teams, positioning it as a comprehensive tool for modern CFO offices.
Validation Process Details
Wolters Kluwer underwent an extensive evaluation of CCH Tagetik’s controls, successfully fulfilling IBM’s Financial Services Cloud Framework requirements. This positions the platform as the first CPM solution to achieve this designation, emphasizing its data protection and regulatory adherence. The review focused on practices ensuring operational security, making it suitable for banks, insurers, and capital markets firms under heavy scrutiny.
Implications for Financial Institutions
Financial services firms face persistent challenges from evolving regulations, privacy demands, and cyber threats, complicating cloud migrations. The IBM validation assures institutions that CCH Tagetik integrates with industry-leading controls, allowing modernization of finance operations without security trade-offs. Deployment on IBM Cloud benefits from prescriptive architecture guidance, reducing implementation hurdles and enhancing risk management.
Organizations can now accelerate adoption, streamlining end-to-end performance management while incorporating AI for precise insights. Madhur Aggarwal, EVP and General Manager of Corporate Performance Management at Wolters Kluwer, noted that this milestone reinforces the platform’s security focus, enabling confident use of AI capabilities. Banks and insurers gain tools for compliant ESG reporting and profitability analysis, fostering innovation in a regulated landscape.
Broader Industry Context
This designation aligns with broader trends in financial cloud adoption, where frameworks like IBM’s help overcome barriers to SaaS integration. As the first CPM platform validated, CCH Tagetik sets a benchmark for competitors, potentially influencing standards in performance management software. Institutions transacting with validated providers benefit from automated compliance postures, streamlining partnerships and reducing manual oversight.
The shared responsibility model distributes security duties, allowing financial firms to prioritize transformation over foundational compliance. In an era of heightened cyber risks, such validations provide verifiable assurance, critical for board-level approvals on cloud initiatives.
Strategic Advantages and Future Outlook
With validation, CCH Tagetik reduces friction in cloud transitions, offering secure AI enhancements that cut planning cycles significantly—potentially up to 15 times faster through generative AI. Features like Intelligent Disclosure link financial and ESG data into accurate reports, vital for annual filings and board materials. This empowers finance leaders to shift focus from data handling to strategic analysis.
For capital markets and insurance providers, anomaly detection and driver-based analysis uncover growth opportunities in large datasets. The platform’s multilingual AI support broadens accessibility, aiding global operations. Looking ahead, this positions Wolters Kluwer to capture demand for compliant, intelligent CPM amid digital transformation pressures.
In summary, the IBM Cloud for Financial Services Validated status elevates CCH Tagetik as a reliable choice for resilient finance operations, blending security with advanced analytics. Financial institutions stand to gain efficiency and compliance confidence, accelerating their cloud strategies in a complex regulatory environment.
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 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
