APRA warns of concentration risk as banks move to US cloud providers

The prudential regulator will ramp up supervision of lenders’ AI and IT deployment as they become more reliant on ...

CBA escaped the AWS crash. But what if it happens again?

CBA was not affected by the AWS outage even though it became the first Australian bank to move to a single cloud provider two ...
GitHub

Effortless PostgreSQL backups with a user-friendly web interface!

PG Back Web is becoming UFO Backup! The new name reflects a future where the project expands beyond PostgreSQL, making powerful backups simple and accessible for everyone PG Back Web is available as a ...
GitHub

Deep Research Web UI

docker run -p 3000:3000 \ -e NUXT_PUBLIC_SERVER_MODE=true \ -e NUXT_AI_API_KEY=your-ai-api-key \ -e NUXT_WEB_SEARCH_API_KEY=your-search-api-key \ -e NUXT_PUBLIC_AI ...
Armed robbery in Revesby

APRA Disqualifies Two Directors Of Xinja Bank Under Financial Accountability Regime

The Australian Prudential Regulation Authority (APRA) has disqualified the former CEO of Xinja Bank (Xinja) and one other director from being or acting as accountable persons of any authorised deposit ...
Independent Financial Adviser

APRA turns up the heat on super trustees over Shield and First Guardian

Super fund platforms remain in the firing line over the Shield and First Guardian failures, with the Australian Prudential Regulation Authority (APRA) calling for trustees to “accelerate and escalate ...
The Australian

APRA slams super trustees over Shield, First Guardian fund failures

The Australian Prudential Regulation Authority on Tuesday called on super trustees to accelerate and escalate efforts to safeguard members’ investments held in platform products as it noted weaknesses ...
investmentmagazine

APRA review finds lax due diligence, product monitoring among platform trustees

APRA has warned platform trustees to lift their governance standards or face tougher regulatory oversight, after a review in the wake of Shield and First Guardian scandals found some trustees were ...
Financial Standard

Aware Super, TelstraSuper advance merger plans

Aware Super and TelstraSuper have moved to the next stage of their merger plans, signing a binding Heads of Agreement to create an entity with nearly $235 billion in assets. Providing an update to its ...
Money Management

APRA puts platform trustees on notice over weak practices

APRA has issued a letter to platform trustees, calling on them to urgently improve their onboarding practices and monitoring to safeguard investments held on platforms. This follows the information ...
Money Management

The platform trustee problems on APRA’s radar

A “large dependency” on research houses, poor performance indicators, and a failure to close underperforming options are among platform trustee problems flagged by APRA. On 7 October, APRA issued a ...