Learn how Banking industry clients benefit from our risk, compliance
and incident management
software solution.
Banking
"Risk and compliance obligations are more transparent"
"With Risk Wizard's modern system, Bank Australia can provide its risk and compliance officers around its various banking office locations a secure, robust and user friendly information system to work with."
Banking industry case study
Bank Australia is Australia's first 100% customer owned bank.
Requirement
Bank Australia required a modern web based system that was not only very easy to use but also sophisticated enough to manage the increasingly complex regulatory framework faced by banks/credit unions.
The system needed to be flexible enough to accommodate separate Risk and Compliance departments as well as provide value for money.
Solution
We delivered Bank Australia a very robust system that enabled officers from different locations to develop separate risk and compliance registers within the same centrally controlled system.
Onsite system configuration and training was provided to transfer knowledge amongst key officers.
Benefit
Risks and compliance obligations relating to Bank Australia's regulatory framework have become more transparent to staff and easier to manage.
Automatic work flow notifications has been a major benefit in reminding officers and staff to comply with their myriad of obligations by specified dates.
