Wolters Kluwer and MK Decision Collaborate to Provide Digital Account Opening Capability for Community Banks, Credit Unions

Integrated technologies help streamline contactless, compliant account opening documents

MINNEAPOLIS–(BUSINESS WIRE)–#WoltersKluwerWolters Kluwer Compliance Solutions and San Diego-based MK Decision are collaborating to offer U.S. deposit institutions a digital account opening capability using MK Decision’s digital account opening platform in concert with Wolters Kluwer’s dynamic, compliant Expere® Deposit electronic disclosure documents.

The integration provides dynamic document generation and delivery capabilities for compliant account agreements, allowing MK Decision to deliver to financial institutions a platform for centralized, compliance content management that uses Wolters Kluwer’s industry-best regulatory compliance content offerings. The content feed of state-specific and product-specific requirements along with the latest terms and conditions enables financial institutions to offer their customers a modern, seamless and online account opening experience.

“Partnering with Wolters Kluwer, a leading provider of compliant content for financial institutions, is a key differentiator for MK Decision. Ensuring state-specific regulations are captured in every transaction is paramount to protecting the reputation and integrity of the financial institutions that MK Decision serves. We could not be more proud to have a global leader in regulatory compliance as our partner as we democratize digital account opening across the United States,” said Har Rai Khalsa, Chief Executive Officer at MK Decision.

Expere’s ability to generate accurate, compliant documentation throughout the entire account opening process delivers increased transactional efficiencies, cost savings, and a user-friendly platform to financial institutions, while offering their customers a better experience.

“Collaborating with MK Decision is an exciting development for us in the digital account opening space, as it addresses an ongoing challenge for financial institutions in keeping disclosure documents compliant with the rapid pace of regulatory changes. This is particularly challenging for community banks and credit unions with constrained resources,” said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “The combined capabilities of Wolters Kluwer and MK Decision particularly helps level the playing field for community banks and empowers financial institutions of all sizes through the provision of dynamic, compliant account opening documents available to customers in real time.”

Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.

Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S. financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ OneSumX® for Regulatory Change Management helps financial institutions effectively manage the enormous breadth, scope and volume of ever-evolving legislative and regulatory changes, providing structured, actionable content to help ensure compliance. Wolters Kluwer Lien Solutions’ iLien Motor Vehicle solution provides for the processing and management of motor vehicle titles and liens, helping solve the most unique and complicated challenges in title perfection. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.

About MK Decision

MK Decision’s mission is to help community financial institutions thrive by receiving more deposits and more loans. With a commitment to strengthen local economies, MK’s platform gives community banks and credit unions a competitive advantage through simple, beautiful customer experiences and streamlined banker workflows. The MK platform supports a variety of financial products including checking & savings accounts, credit cards, and consumer, commercial, small business, and indirect loans. So far, MK has helped over 250 community financial institutions acquire customers online. MK was founded in 2015 and is headquartered in San Diego, California.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs approximately 19,200 people worldwide.


Paul Lyon

Global Corporate Communications Director

Governance, Risk & Compliance Division

Wolters Kluwer

Office +44 20 3197 6586


David Feider

Corporate Communications Manager, Banking & Regulatory Compliance

Governance, Risk & Compliance Division

Wolters Kluwer

Tel: +1 612-852-7966


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