Australian Prudential Regulation Authority news stories
Cybersecurity
APRA embraces an ‘assume breach’ mentality with CPS 234
Even if you’re not in the financial services industry (FSI), you’ve probably already heard of CPS 234 – the new standard for data protection set forth by the Australian Prudential Regulation Authority (APRA).
Fintech
Australia grants first banking license to fintech startup
Restricted licensees can call themselves a “bank” but cannot “actively” conduct business and have two years to become fully licensed.