The Australian Prudential Regulation Authority (APRA) has recommenced the APRA Connect project to deliver a new data collection solution and has released a revised implementation approach and timeline.
APRA Connect, will ultimately replace Direct to APRA (D2A) as APRA’s data collection tool. APRA Connect is a modern, efficient and flexible solution to improve data collections and support evolving regulatory needs. It underpins APRA’s broader data enabled capability uplift, and is designed to ensure APRA keeps pace with advances in data, analytics and technology.
APRA Connect will go live at the end of September 2021, with a progressive cutover of regulatory data reporting to the new solution over the coming years. Entities will be required to use both D2A and APRA Connect in the medium term.
For more information see Getting ready for APRA Connect.