The Australian Prudential Regulation Authority (APRA) has a newly-created chief information officer function, reporting to govt director of know-how and information Bruce Younger.
Younger was appointed to move APRA’s new technology and data division when it was launched last month.
The banking, insurance coverage and superannuation regulator’s new know-how and information division mixed its enterprise companies know-how group and the core information capabilities groups from its information analytics and insights division.
The information half helps APRA meet its mandate “to assist shield the Australian group by means of data-enabled decision-making,” according to the recruitment advertisement,
The function will “set the strategic route and marketing strategy of the information department according to the know-how and information plan and APRA company plan.”
The brand new chief information officer will “develop information procedures and insurance policies, and work carefully with varied departments to gather, put together, manage, shield, and analyze information property whereas making certain that APRA meets the required governance and privateness requirements.”
In its most up-to-date annual report [pdf]APRA mentioned that within the 2021-2022 monetary yr, a brand new information assortment platform known as “APRA Join” was launched as a part of its plan to “improve data-driven decision-making.”
“It has additionally been developed to enhance APRA’s capability to gather information on behalf of different authorities companies, beneath the precept of ‘accumulate as soon as and share’,” the authority mentioned.
The brand new APRA Join infrastructure was additionally used to launch part two of a superannuation information transformation in April 2022, it continued.
“This part of the mission lifts the breadth, depth and high quality of the information APRA collects from the superannuation business, offering APRA with a greater analytical capability and offering for additional enhancements in superannuation transparency,” it mentioned.
APRA additionally launched itsRoute for Information Collections‘ strategic roadmap in March 2022, which considers easy methods to ship deeper, richer information to each APRA and its stakeholders throughout all business sectors, and offers a plan for decommissioning legacy know-how.”
