APRA stories
Australia-based customers will soon get savings accounts and a credit card as Revolut commits nearly AUD $400 million to its local banking push.
Banks and insurers are scrambling for scarce regulatory experts as deadlines bite, even after cutting about 8,000 permanent roles this year.
Poorly governed AI agents could trigger outages, compliance breaches and boardroom liability as Australian firms rush to deploy them.
Customers at Bank of Sydney should see faster payments and more self-service after its core banking systems moved to AWS.
Mortgage brokers face mounting breach and fraud risks as attackers exploit SMS codes to reach high-value client data, experts warn.
Most customers still face avoidable phishing risk, as 59% of Australian banks lack the strict DMARC setting that blocks spoofed emails.
Data shortages and tighter privacy rules are pushing Australian organisations to train video AI with synthetic footage instead of real-world recordings.
Financial firms face tighter oversight as the regulator warns current controls are not enough for fast-changing AI systems and machine identities.
Government and critical infrastructure operators may need years to upgrade vulnerable encryption before quantum computers make it obsolete.
The transfer will shift core member services for about 3,300 ElectricSuper members as the fund moves to a new administrator this year.
Rising margins pressure and a Middle East supply shock are testing lenders, even as provisions and capital buffers are lifted.
Finance teams need to know whether ERP AI queries cross borders, because model routing can affect sovereignty, compliance and audit trails.
Settlement could become faster and cheaper for wholesale markets, but regulators say tokenised finance still needs new rules and infrastructure.
Uncertainty over planned capital gains tax changes could deter startup funding and prompt founders, investors and talent to leave Australia.
Travel and banking customers could see faster resolutions as enterprises shift AI from answering queries to completing tasks end to end.
Rising use of digital payments is forcing fintechs to tighten controls as executives warn that weak access, AI and fraud defences are exposing customers.
Weak public trust and tighter oversight are pushing Australian and New Zealand firms to add live AI security controls before systems go into production.
Most financial institutions now see unsanctioned AI use as a business risk, with 86% of IT executives warning of weak oversight.
Regulators are warning insurers to keep humans accountable as AI speeds up claims work and other busy tasks, Guidewire says.
The expansion could help regulated firms keep sensitive traffic within legal boundaries during outages, failovers or congestion across clouds.
