Strengthen resilience. Own your risk.

Banks and credit unions must comply with APRA's prudential standards on capital, liquidity, operational resilience, information security, and risk management. These include CPS 220 (Risk Management), CPS 234 (Information Security), and the new CPS 230 (Operational Risk Management), which consolidates and strengthens existing rules on outsourcing and business continuity.

CPS 230 increases expectations for operational resilience and third-party oversight. From July 2025, institutions must identify material service providers, ensure robust continuity planning, and report significant incidents. It applies to all APRA-regulated entities, including credit unions and small ADIs.

FAR took effect for ADIs in March 2024 and expands the scope of executive accountability. It requires institutions to clearly define accountable persons, map obligations, and implement governance measures to ensure individuals act with integrity, care and diligence. FAR replaces the Banking Executive Accountability Regime (BEAR).

Smaller banks and credit unions face mounting pressure to keep up with APRA, ASIC, AUSTRAC and legislative updates. With limited staff and fragmented systems, this often leads to missed obligations and increased compliance risk. Protecht helps automate change tracking and centralise compliance workflows to ease the burden.

A centralised system allows banks to document all outsourcing arrangements, assess and monitor risk, and track performance. Protecht supports CPS 230 compliance with built-in registers for material service providers, workflows for vendor reviews, and the ability to link third-party risks to incidents and controls.

Integrating risk, compliance, audit and incident data into a single system gives banks a real-time view of their risk posture. This improves board reporting, reduces duplication, and aligns with APRA’s expectations under CPS 220. Protecht replaces manual processes with connected registers, dashboards and workflows.

Protecht provides structured, auditable frameworks to meet CPS 230 and FAR requirements. It enables tracking of material service providers, incident management, resilience testing, and executive accountability mapping. Automated workflows, evidence logs, and dashboards support readiness, reporting and regulator engagement.