Finora Bank Successfully Implements OneSumX for Basel IV (RE5)

Finora Bank has taken a major step forward in modernizing its regulatory compliance and risk management framework by implementing the latest version of Wolters Kluwer’s OneSumX for Basel IV platform. This significant upgrade ensures Finora’s full alignment with the Basel IV framework, also known in the European context as CRR III/CRD V or Regulatory Environment 5 (RE5).

What is Basel IV / RE5?

Basel IV (also referred to as Basel 3.1) introduces stricter capital adequacy requirements and more precise risk measurement methodologies across credit, market, operational, and counterparty risks. Its aim is to increase transparency, comparability, and financial resilience in the global banking sector. The European Union’s implementation of Basel IV through the CRR III regulation will be effective from 2025.

As part of its proactive strategy, Finora Bank has successfully completed the OneSumX platform implementation ahead of the regulatory deadline, showcasing its commitment to robust governance, compliance, and innovation.

The platform enables:

• Advanced capital adequacy calculations and RWA measurement

• Support for both standardized and internal model-based risk assessment

• Automation of regulatory reporting processes with full auditability

• Centralized and traceable risk data management

• Reduced implementation and maintenance costs via an integrated solution

Using the new OneSumX system, Finora Bank has already submitted its first Basel IV-compliant regulatory reports to the supervisory authorities – demonstrating operational readiness and data integrity under the evolving European regulatory landscape.

This implementation marks a key milestone in Finora’s ongoing transformation, reinforcing its position as a forward-thinking financial institution prepared to meet future regulatory expectations. With an emphasis on digital innovation, transparency, and compliance, Finora continues to build a resilient and future-ready banking model.