Wolters Kluwer Financial Services, a provider of comprehensive risk, compliance, finance, and audit solutions and services, announced today that it has successfully completed the Service Organization Control (SOC) 2 Type II audit, with no exceptions, for its Software as a Service (SaaS)-based Expere ® solution.

SOC 2 audits the security of service organizations' infrastructures and services and is rapidly becoming an industry standard. The audit establishes that Wolters Kluwer Financial Services has met the criteria for the security, availability, processing integrity and confidentiality principles set forth in the Trust Service Principles established by the American Institute of Certified Public Accountants (AICPA) guidelines for the initial audit period.

"The Consumer Financial Protection Bureau has taken a firm position on third-party vendor compliance management. As a result, we want to reassure our clients that we are committed to maintaining our focus on internal controls and security," said Art Tyszka, senior director and general manager, Residential Lending, Wolters Kluwer Financial Services. "By having proactively undergone an independent SOC 2 audit for Expere, and as we continue the auditing process on an ongoing basis, we can provide our clients with peace of mind as to the integrity of our solution."

The audit involved answering and verifying more than 100 questions regarding Wolters Kluwer Financial Services' policies, procedures and services, as well as onsite visits to verify and test the security of the company's systems and availability of services.

"Wolters Kluwer Financial Services takes security very seriously," said Lora West, senior product manager, Wolters Kluwer Financial Services. "The successful completion of the audit helps provide our current and potential Expere clients with transparency into our processes so they have confidence in the controls we have in place to keep their data safe and secure."

Expere is a centralized document system that seamlessly serves multiple lines of business and channels, providing a complete set of tools for creating, managing, integrating, testing and deploying documents. Expere helps financial institutions manage document risk in a variety of ways, whether it is centrally managing documents across the enterprise, supporting individual lines of business, or managing TILA-RESPA disclosures.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions.AppOne®, AuthenticWeb™, Bankers Systems®,Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

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