Cortell welcomes Australian Military Bank onto the CoreBIS APRA governance and reporting application

Australia’s longest serving defence-focused financial institution Australian Military Bank welcomes Cortell’s award winning governance and regulatory reporting application CoreBIS.

Customer-owned Australian Military Bank, is dedicated to serving current and former serving personnel and their families. They do this by focusing on providing their members quality products, services and experiences that meet the unique needs of the Defence community.

Australian Military Bank has grown significantly over the last 60 years. From origins as the Navy Co-op, to what is now Australian Military Bank with over 56,000 members, a balance sheet of $1.5b, a digital first, globally accessible service that also includes an ATM and branch network across defence bases.

James Corner, Product Manager of CoreBIS states:

“We are very happy to welcome Australian Military Bank on to our CoreBIS application. The regulatory landscape for banks is changing significantly in the coming 12 months with the changes in APRA Connect, credit provisioning and reporting, and of course the capital requirements. Cortell is very much at the forefront of delivery for all these aspects, and we are excited to work with AMB to ensure a smooth transition ahead”

Australian Military Bank represents another significant customer engagement within the mutual market space for CoreBIS. Recently awarded the IBM Global Partner for 2020 in Business Analytics and AI, Cortell’s capabilities and suite of applications and services including CoreBIS continues to provide innovation and value add solutions to our clients.

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.

Recently, Cortell was awarded both the IBM Global Business Partner and Australian Business partner of the Year 2020 for Business Analytics and AI. Our consultants have delivered 1000+ solutions to 500+ companies in all industry sectors and functional areas.

CoreBIS is a dedicated solution developed to address the complex world of Regulatory Governance and Reporting for the Banking, Insurance, Superannuation and RFC entities within the Financial Services sector.