Australian Prudential Regulation Authority stories - Page 2

Airwallex appoints a new board for its SVF unit as it nears an ADI licence in Australia, following a USD $300 million funding round valuing the company at USD $6.2 billion.

Cyberattacks have drained AU$500,000 from Australian super funds, exposing 12.6 million members and prompting calls for stronger, layered digital defences.

Several Australian superannuation funds suffered cyberattacks in April 2025, compromising thousands of accounts and raising urgent security concerns.

New APRA regulations demand Australian financial firms enhance cybersecurity measures or face hefty penalties, after rising data breaches affect millions.

Monoova partners with Guidewire to modernise Australian insurance payments, introducing new methods like PayTo to replace direct debits by 2030 and enhance client satisfaction.

AI-enhanced identity security is essential as 93% of financial services leaders grapple with data breaches. How can AI modernise and fortify their defences?.

Veteran businesswoman Jo Mikleus joins Avenue Bank, Australia's pioneer of bank guarantees, as an independent, non-executive Board director, replacing Christian Bernecker.

Australia's newest bank, Avenue Bank, revolutionises the bank guarantee market by digitising traditionally lengthy processes, benefiting landlords and small to medium-sized businesses.

MongoDB broadens the global reach of Atlas amid soaring multi-cloud demands, aiding businesses like Australian fintech Monoova ensure regulatory compliance and scalability.

APRA's new CPS 234 standard presses financial institutions to adopt an 'assume breach' mentality, aiming to bolster cyber resilience across the sector.

Australia's first fintech banking license has been authorised by authorities in a bid to improve competition in a sector dominated by four major lenders.