Press Release

MINNEAPOLIS – Oct. 7, 2008 –Wolters Kluwer Financial Services announced today the release of version 2.0 of ComplianceOne, an enhanced version of the single, comprehensive technology platform that gives financial institutions the ability to manage regulatory and operational risk tied to each of their major business lines.

Wolters Kluwer Financial Services has made several updates to ComplianceOne, each of which helps institutions address their growing list of regulatory concerns. One more immediate challenge is compliance with the Fair and Accurate Credit Transactions Act’s new Red Flag Rules, which become effective on Nov. 1. To help institutions more efficiently implement an Identity Theft Prevention Program required by the rules, ComplianceOne now integrates with Wolters Kluwer Financial Services’ Wiz Sentri: RiskID. This automated Customer Identification Program (CIP) verification and fraud detection solution helps institutions comply with both the Red Flag Rules and USA PATRIOT Act requirements.

This new version of ComplianceOne also helps institutions address an important concern tied to e-signatures, which a growing number of institutions are using as a way to close loans faster and streamline and automate document retention. Rising identity theft and other forms of electronic fraud make it harder to send documents or information safely via e-mail. But to help institutions overcome this obstacle, ComplianceOne now integrates to Wolters Kluwer Financial Services’ Secure Document Exchange (SDX). Using industry-leading PKI (Public Key Infrastructure) encryption methods, the SDX solution lets institutions securely and electronically deliver documents to borrowers through secure Internet delivery.

Other enhancements included in version 2.0 of ComplianceOne include:

• An expanded credit life insurance calculation functionality that will allow institutions to offer a wider variety of credit life insurance products;
  
  
• Expanded capabilities for credit unions including support for open-end lending processes utilizing a master agreement and advance receipts;
  
  
• A connection to Wolters Kluwer Financial Services’ newly enhanced Home Mortgage Disclosure Act (HMDA) automated reporting solution, Wiz Basic, that helps institutions perform faster quarterly and year-end edit checks and loan application registers;
  
  
• An integration with Wolters Kluwer Financial Services’ Wiz Sentinel solution, that gives institutions the ability to check real estate loan transactions against the federal, state and local fee thresholds automatically when applicable for Home Ownership and Equity Protection Act (HOEPA) and high-cost loan status; and
  
  
• Easier-to-use navigation and management of administrative and template creation functionalities.

“ComplianceOne 2.0 is the next step in Wolters Kluwer Financial Services’ mission to provide financial institutions one solution that can help them manage regulatory risk while improving operational efficiency and reducing costs,” said Ken Newton, executive vice president of Banking for Wolters Kluwer Financial Services. “We‘re excited about these new capabilities because our customers are. We continue to listen closely to their needs and know ComplianceOne will help them remain compliant while continuing to grow their businesses.”

ComplianceOne gives financial institutions the ability to manage regulatory and operational risk tied to each of their major business lines, including lending, deposit, mortgage and IRAs, using a single technology platform. The solution features Wolters Kluwer Financial Services’ industry-leading Bankers Systems compliance content that can help financial institutions meet regulatory requirements in all 51 U.S. jurisdictions, and gives them access to the company’s real-time PCi compliance analytics solutions.

For more information on ComplianceOne, please visit www.WoltersKluwerFS.com/One.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, Capital Changes, NILS and AuthenticWeb™.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.