Wolters Kluwer Compliance Solutions has named Manuel Cardoso, Senior Vice President, Fair Lending Compliance Officer at Axos Bank, as the 2023 honoree of its Alfredo deHaas Excellence in Analytics Award at the company’s 27th annual CRA & Fair Lending Colloquium held at the JW Marriott in Austin, Texas. The award recognizes a banking professional who excels in leveraging data to help foster transformative change in fair lending and community reinvestment compliance.
Named after longtime Community Reinvestment Act (CRA) analyst Alfredo deHaas of MUFG Union Bank, N.A., the Excellence in Analytics award is meant “to trumpet the ‘unsung heroes’” who embody deHaas’ passion and spirit for championing the creative and thoughtful use of data in helping shape community reinvestment and fair lending.
“Manuel uses creative ways to obtain and analyze information, pairing his knowledge and love for math with the Wiz tools to represent data in maps and reporting. His passion for networking and strategizing to advance Axos Bank’s data-driven compliance efforts drives an ever-growing treasure chest of tools and knowledge he uses in his work. Manuel has his eye on the future. He continuously seeks creative ways to analyze data in preparation for managing Fair Lending risks and challenges such as the revamped Community Reinvestment Act regulations, and other regulatory developments on the horizon,” said Traci Holley, Senior Vice President, Compliance Officer, Axos Bank.
“Alfredo deHaas was renowned for his passion for and full-hearted engagement in the use of data analytics, not only to address challenging regulatory compliance obligations, but to move his organization forward. In the realm of data-driven innovation, where insights hold the power to shape decisions, recognition for outstanding contributions becomes a source of inspiration,” said Vikram Savkar, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions. “On behalf of Wolters Kluwer, I am delighted to recognize Manuel’s dedication and contributions to data analytics through this award.”
The Data Analytics Award is sponsored by Solomon Hess Capital Management, an investment management firm that provides investors with Community Reinvestment-eligible, Small Business Administration-focused investment opportunities. “As the regulatory spotlight continues to magnify issues involving investments and access to credit for small businesses and underserved communities, banks will continue to evolve their use of data and analytics. The new Dodd Frank Section 1071 data collection requirements are a perfect example of the broader push for fair lending and community reinvestment in the context of small business,” said Bill Einstein, Chief Financial Officer and Founding Partner of Solomon Hess.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms. The business sits within Wolters Kluwer’s Financial & Corporate Compliance (FCC) division, also home to CT Corporation, a leading provider of registered agent services, incorporation services and legal entity compliance, including for new beneficial ownership requirements.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,900 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
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About Axos Financial, Inc. and Axos Bank
Axos Financial, Inc., with approximately $20.8 billion in consolidated assets as of September 30, 2023, is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank provides consumer and business banking products nationwide through its low-cost distribution channels and affinity partners. Axos Clearing LLC (including its business division Axos Advisor Services), with approximately $33.9 billion of assets under custody and/or administration as of September 30, 2023, and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents, and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.’s common stock is listed on the NYSE under the symbol “AX,” and is a component of the Russell 2000® Index, the S&P SmallCap 600® Index, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index. For more information on Axos Bank, please visit http://www.axosbank.com.
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