Tag: APRA

APRA licence pause will ‘stifle innovation’

Posted on   |  by Denham Sadler
The prudential regulator’s decision to stop issuing new banking licences for at least six months will “stifle innovation” and cripple FinTechs, according to FinTech Australia. The Australian Prudential Regulation...

Senate inquiry for Business Growth Fund

Posted on   |  by Denham Sadler
The government’s plan to inject $100 million into a new business growth fund will be subject to a Senate inquiry after the Opposition raised concerns over “unanswered questions” and...

APRA warning for legacy banks

Posted on   |  by James Riley
Banks and other incumbent financial service providers putting themselves at risk by neglecting investment in their legacy business systems amid pressure to avoid being disrupted by smaller, more agile...