Cortell Successfully Moves Bank Australia onto the CoreBIS Regulatory Reporting Platform
Cortell today announced another signatory onto ‘CoreBIS’; their APRA reporting platform transforming the way organisations deliver regulatory governance and reporting. Bank Australia have successfully moved onto their innovative platform, giving Bank Australia a best in class governance and analytics platform to meet their regulatory requirements. With several key changes to the regulatory reporting landscape, organisations are now seeing the advantages of an externally sourced regulatory reporting solution.
Two of the fundamental drivers in this space are the:
- Banking Executive Accountability Regime
- Change to the APRA D2A submission portal
CoreBIS has addressed these changes with its unique approach to data modelling, including the utilisation of the governments Standard Business Reporting (SBR), a platform APRA have announced their commitment to. These important building blocks ensure organisations have peace of mind in meeting both their current and future reporting requirements.
James Corner, Product Manager of CoreBIS says” We are always very happy to have new clients, and very excited by the long-term prospects of Bank Australia. Their executive team has a very clear vision of what can be delivered now and into the future with the CoreBIS platform, and it will be a privilege to support them with this journey”.
Robert Salisbury from Bank Australia quotes “CoreBIS has automated and streamlined our APRA reporting process. CoreBIS’ look-through and trending capabilities enables Finance to validate, control and draw insight from the numbers. As an SBR reporting platform, we are excited at the prospect of leveraging the solution for further compliance reporting”.
Nick Potts, Director of Cortell states “CoreBIS is far more than a simple reporting mechanism, it is a regulatory management environment, providing the data consolidation, Apra Taxonomy mapping, workflow controls, operational governance and the necessary checks and balances to make APRA submissions and the reporting process pretty much water tight. The model is completely transparent and offers organisations a phenomenal analytics environment as a by-product of the detailed data captured in one single place”
About Cortell Australia
Cortell is a Business Performance Management practice that helps customers improve visibility, transparency, accuracy and efficiency for all aspects of the business performance management and decision making cycle. We have developed invaluable expertise in many industry sectors over the years delivering on premise and cloud based solutions. Our projects leverage the IBM Business Analytics range of solutions including IBM Planning Analytics (TM1), IBM Cognos Analytics, SPSS and the Watson range of applications. Our consultants have delivered hundreds of solutions to organisations in all industry sectors & functional areas.
Recently, Cortell was awarded both the IBM Global Business Partner of the Year for Analytics and SaaS Innovation Partner of the Year. You can read more information on this prestigious award, here.
About Bank Australia
Bank of Australia started in 1957 as the CSIRO Co-operative Credit Society and have grown and evolved, joining together 72 credit unions and co-operatives to become Australia’s first customer-owned bank. We changed our name to Bank Australia in 2015. We are owned by our customers, which means we don’t answer to shareholders. Our profits are returned to customers through better rates and fees and our investments are used to create positive social and environmental change.
At Bank Australia, we say our money is ‘clean’ because it is never loaned to industries (e.g. coal, nuclear weapons, gambling, tobacco, live animal export) that do harm. Instead, as a customer-owned bank, we believe it’s important to use our customers’ money in responsible ways, creating positive impact for people, their communities and the planet. Just becoming a customer makes you a part-owner in our 927 hectare Conservation Reserve – a world-first for a bank.