CoreBIS: APRA Regulatory Reporting Software

CoreBIS is APRA regulatory reporting software purpose-built for banks, mutual ADIs, insurers and superannuation funds.

CoreBIS is APRA regulatory reporting software purpose-built for banks, mutual ADIs, insurers and superannuation funds facing an increasingly complex compliance landscape. Built specifically for the Australian regulatory environment, CoreBIS automates the entire reporting lifecycle, from data ingestion and validation through to submission via APRA Connect, giving finance, risk and data teams a single, auditable platform instead of a patchwork of spreadsheets and manual processes.

Where generic reporting tools require significant configuration to meet Australian requirements, CoreBIS is designed around them from day one. It supports the full range of APRA Connect submissions, ARS reporting obligations including the new ARS 117.0 IRRBB requirements, credit risk and capital adequacy reporting, and the governance and audit trail obligations that come with ASIC and APS 310 compliance. For institutions that need to be reporting-ready without building an in-house regulatory technology team, CoreBIS delivers a fully managed, out-of-the-box path to compliance.

What CoreBIS Reports On

CoreBIS is built to handle the full breadth of APRA and ASIC regulatory obligations facing Australian ADIs, insurers and superannuation funds:
APRA Connect submissions
CoreBIS is fully aligned with APRA’s data collection solution, supporting the XML formats and real-time submission workflows APRA Connect requires, so your institution can retire legacy Direct to APRA (D2A) processes with confidence.
ARS reporting, including ARS 117.0 IRRBB
CoreBIS automatically ingests the latest APRA taxonomy updates and is already configured for ARS 117.0 Repricing Analysis under the revised APS 117 standard, covering Contractual Repricing (Table 1), Expected Repricing (Table 2) and the six-scenario interest rate sensitivity calculations required under Table 3.
Credit risk and capital adequacy reporting
granular data tagging transforms internal source data into the categories APRA’s capital and credit risk collections require, with built-in validation rules that catch errors before submission.
ASIC and governance obligations
every report is auditable and collaborative, with commentary, data-change tagging and approval tracking that satisfies APS 310 governance requirements alongside ASIC’s regulatory expectations.This breadth is what separates CoreBIS from single-purpose reporting tools: one platform, one data model, every major regulatory obligation an Australian ADI needs to meet.

Built for Mutual Banks and ADIs

CoreBIS was built with Australia’s mutual banking sector in mind, not adapted from an enterprise product designed for the big four. That focus shows in the customer base: CoreBIS is used by Beyond Bank, Bank Australia, P&N Bank, Teachers Mutual Bank, Greater Bank, Heritage Bank, Australian Military Bank and Bank of Sydney, and – per Cortell Director Nick Potts – now operates in the majority of Australia’s top 10 mutual banks.

Mutual ADIs face the same APRA Connect, ARS and capital reporting obligations as the major banks, but typically without the large in-house regulatory technology teams to support them. CoreBIS is designed to close that gap: a fully managed, out-of-the-box implementation that gives smaller and mid-sized ADIs enterprise-grade regulatory reporting without needing to build that capability internally. It’s a genuine point of difference against reporting vendors that treat the mutual sector as an afterthought.

What Our Customers Say

“We selected CoreBIS from Cortell after an extensive review and analysis process for its regulatory reporting and governance capability. We are excited about the efficiencies this will bring and the insight it will produce.”  Victor Anderson, CFO, Bank of Sydney

“Regulatory reporting is a complex and critical part of the banking landscape, addressing this was a key executive mandate. We are excited to be using CoreBIS to automate and provide the accuracy and controls regulatory reporting requires.”   Chris Blight, Senior Manager Business Integration, Beyond Bank

“Through the purchase of CoreBIS from Cortell we continue to deliver on that vision. Cortell’s experience in the regulatory governance space and broader financial and operational planning, will provide Greater Bank with an application platform aligned to our transformation programme of work.”   Bob Moffat, CFO, Greater Bank

How CoreBIS Works

CoreBIS automates the regulatory reporting lifecycle end to end, removing the manual handoffs that create risk in spreadsheet-based processes:

Data ingestion: CoreBIS connects to your core banking, GL and risk systems, pulling source data into a single, consistent data model rather than requiring manual extracts.

Data tagging and transformation: granular tagging maps your internal data to APRA’s reporting categories and taxonomies, including the specific repricing, credit risk and capital classifications each return requires.

Validation: built-in, APRA-aligned validation rules test your data before submission, flagging inconsistencies so they can be resolved ahead of the deadline rather than after a rejected filing.

Governance and audit trail: every figure can carry commentary, every change is tagged, and every approval is tracked, giving you the APS 310-aligned audit trail regulators expect.

Submission via APRA Connect: reports are generated in APRA Connect’s required XML formats and submitted through Cortell’s supported, real-time submission workflow.

The result is a repeatable, auditable process your finance, risk and data teams can run every reporting period without rebuilding it from scratch.

Frequently Asked Questions

What is APRA Connect?
APRA Connect is the Australian Prudential Regulation Authority’s data collection platform for lodging regulatory returns, replacing the legacy Direct to APRA (D2A) system. CoreBIS is built to submit directly through APRA Connect’s required formats.

Does CoreBIS support ASIC reporting?
Yes. Alongside APRA Connect submissions, CoreBIS supports the governance, audit trail and reporting controls needed to meet ASIC’s regulatory expectations for financial institutions.

Is CoreBIS suitable for mutual banks?
Yes. CoreBIS is used by mutual ADIs including Beyond Bank, Bank Australia, P&N Bank, Teachers Mutual Bank, Greater Bank and Heritage Bank, and is designed to give smaller and mid-sized institutions enterprise-grade reporting without an in-house regulatory technology team.

Does CoreBIS handle ARS 117.0 and IRRBB reporting?
Yes. CoreBIS is already configured for ARS 117.0 Repricing Analysis under APS 117, including Contractual and Expected Repricing tables and the six-scenario interest rate sensitivity calculations.