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Showing 1 - 10 of 35 results for "IT infrastructure"

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... and administrators, such as delays in processing claims, inadequate support and services for customers, poor IT infrastructure and cyber resilience, all escalate risk of fraud and scam, it said. "Those operational failures by trustees or administrators ...

ASIC slaps FIIG Securities with lawsuit

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
... ensuring its cybersecurity measures were up to scratch. It relied on the chief operating officer and the general IT infrastructure team to take care of cybersecurity, but they all had a wide range of other responsibilities and did not have the bandwidth ...

GBST, Wipro join forces on holistic administration service

ANDREW MCKEAN  |  WEDNESDAY, 19 JUN 2024
... administration services for superannuation funds and wealth management firms looking to move away from antiquated IT infrastructure. The collaboration combines GBST's Composer wealth management administration SaaS platform - which offers a suite of solutions ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... insufficient human resources to enable it to monitor and supervise representatives and did not have an adequate IT infrastructure, cybersecurity management processes or the like in place, using a paper filing system until September 2020. Issuing the ...

Wealth managers shirk cybersecurity priorities

KARREN VERGARA  |  MONDAY, 13 NOV 2023
... networks," ASIC said. "An organisation can implement robust cyber security measures for its internal networks and IT infrastructure. However, unless these efforts are extended to third parties, it will be exposed to supply chain vulnerabilities." ASIC ...

CFS awards platform technology mandate

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
... as Vanguard, abrdn, Findex, and Singlife. CFS chose FNZ following a 12-month selection process based on its IT infrastructure, investment operations and platform-as-a-service capabilities. It demonstrated the ability to meet the needs of clients and ...

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... accounts at the request of customers. In October, the rules were amended to include intermediaries like outsourced IT infrastructure and software providers. Unlike the UK, the open banking regime has flourished, with the number of people using the functionality ...

ClearView streamlines underwriting

KARREN VERGARA  |  WEDNESDAY, 25 NOV 2020
... questions. ClearView general manager of wealth management, Deborah Lowe said the firm continues to invest in IT infrastructure to build a complete end-to-end digital solution that delivers a superior adviser and client experience, with the ability for ...

ACCC amends consumer data right rules

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... do not change those rigorous controls." The changes will also allow accredited businesses to use outsourced IT infrastructure and software of an accredited intermediary to connect to data holders' API's, the ACCC said, rather than businesses needing ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... for advisers to use for their wealth management clients. It said it will strategically increase the spend on IT infrastructure, people and software. This includes planned addition of 20 IT resources (20 in Melbourne and 10 in Veitnam) this financial ...
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