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Great Southern Bank partners with Reg360 and ElysianNxt to automate its Capital and Credit Risk requirements

Brisbane, 25 August 2022

Reg360, one of Australia’s leading RegTech companies, today announced that it has entered into a partnership with Great Southern Bank to deliver a Cloud-based Capital and Credit Risk Management and Reporting solution. In partnership with ElysianNxt, a Belgium/Thailand-based RiskTech provider, Reg360 will implement an integrated Risk Calculation and Reporting platform as a Software as a Service (SAAS). 

In a first phase, the solution will address Great Southern Bank’s requirements under APRA’s revised capital framework for Basel (APS 110 & APS 112) and automate the related APRA reporting requirements, which come into force on 1 January 2023.

“After conducting a formal tender process over the past year, the joint Reg360/ElysianNxt consortium were the clear partner of choice for Great Southern Bank,” said Matt Cammack, Head of Data at Great Southern Bank.” The team at Reg360 and ElysianNxt have the proven expertise to deliver on our business and regulatory requirements and they are well-aligned with our data strategy and technology roadmap. We look forward to implementing their scalable Cloud-hosted platform to deliver on the bank’s current and future Capital and Credit Risk calculation and APRA reporting needs.”