The boards of banks and other entities regulated by the Australian Prudential Regulation Authority are ultimately responsible for an organisation’s information security, states a new standard released today by APRA.
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Westpac spent FY18 progressively migrating apps to its new private cloud environment, which the bank said was helping reduce app installation from weeks to hours.
In FY18 ANZ decommissioned 264 applications as part of the bank’s broader simplification push.
NAB’s digital banking brand UBank has launched a fitness tracker inspired, in-app tool to help users save and spend within their budget.
The Australian government is introducing ‘open banking’ to give citizens what it says is greater access to and control over their banking data.
The Commonwealth Bank has announced an upgrade of its customer service portal, NetBank, aimed at creating a single site, sign on and password to access a wider range of the bank’s websites and services.
Whitepapers about banks
Outsourcing has become a critical component of management of financial institution operations. Consequently, the Office of the Controller of the Currency (OCC) and the Federal Reserve Board (FRB) recently issued guidance on how financial institutions should manage third-party risks. • Institutions are outsourcing increasingly complex and sensitive banking and financial operations to third parties • The guidance issued by each agency has particular relevance to outsourcing transactions and provides companies with a roadmap of the key areas of concern to regulators • Many of the suggestions in the OCC and FRB guidance concern provisions of outsourcing agreements where vendors often push back
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