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Bank of Us

Bank of us chooses to move Prudential Risk calculation and Financial data reporting into the cloud

12 May 2023

Bank of us, a trusted community-based banking provider located in Australia, has selected RegCentric to assist in the implementation of the latest microservices technology from Reg360 and ElysianNxt to assist the bank’s ongoing Risk and Regulatory calculation and submission requirements.

“With increased Australian Prudential Regulation Authority (APRA) scrutiny of data quality in regulatory data submissions, our risk and finance team sourced and implemented technology to best meet this ongoing challenge”, Gerald White, Bank of us Chief Financial Officer explains, “with RegCentric assistance combined with the Reg360 and ElysianNxt technologies, we were able to systemise and submit our capital and credit risk submissions to the regulatory portal in less than 30 working days”.