APRA Connect Regulatory Reporting Solution
Simplify your APRA Connect reporting
The Australian Prudential Regulation Authority (APRA) replaced the existing Direct to APRA (D2A) system with Vizor´s (part of Regnology now) data collection solution named APRA Connect. The new system went live in September 2021, with a test environment published in June 2021. It is used by over 4,500 financial entities.
Our APRA Connect reporting software is an API-powered solution that allows regulatory changes to be validated and consumed instantly. It delivers perfect return data using the same technology and rules engine as APRA. Test submissions can be run against APRA Connect data validation rules to discover any failures or warnings. A powerful analytics dashboard includes full reports on performance, fund expenditures and insurance; enabling the use of submission data to create actionable insight. Our software is immediately aligned with current and future APRA Connecting reporting standards, helping financial institutions reduce manual effort and costs of regulatory reporting, staying compliant with APRA.
Automated end-to-end regulatory reporting software for superannuation, authorised deposit-taking institutions (ADIs), and insurance is a cloud-based portal supporting a pre and post-submission validation process to enhance and improve the automation and the efficiency of APRA Connect regulatory reporting for reporting entities. It leverages the same technology and data models as APRA. By automating the entire process, you can save days on regulatory reporting each month, stay compliant in almost real-time and allocate your resources where they are most needed, saving money and time.
Vizor Software (now part of Regnology) best met APRA’s need for a modern, efficient and user-friendly data collection system that would adapt as technology evolved. We are confident that our partnership will allow financial companies to report data to APRA more quickly, efficiently and accurately.
Sean Carmody, Executive Director for the Cross-Industry Insights and Data Division, APRA
The scale and complexity of APRA's reporting requirements are increasing at a pace. Automating the process removes errors, reduces manual effort and speeds up the regulatory reporting process. It allows financial institutions to stay compliant in almost real-time and allocate their resources where they are most needed, saving money and time.
Custom building in-house regulatory reporting software needs careful consideration, due to the costs and resources required to design, build and, more importantly, maintain it. In comparison, Vizor´s APRA Connect solution is cost-efficient and easily implemented with the existing systems. It automatically updates with current and future APRA Connect requirements, so you will avoid costly and complex system upgrades in the future.
Automate your regulatory reporting process with our API-based platform delivering perfect return data using the same technology as APRA. You can validate and test your submission data in an APRA-ready file, analyse your performance, expenditures and market share; and stay compliant with future APRA Connect requirements.
Our validation engine ensures that all data is submitted only in the values defined in the relevant APRA reporting standards and associated taxonomies.
Automatically assign tasks to users, view and apply APRA updates. Change log report generation and use guidelines for source data changes.
Easily transforms your data into the requisite XML or XBRL formats. Provides a full audit trail and trace the data points.
Spend hours, not days on regulatory reporting each month – automate the entire process and return perfect regulatory data every time. Join other financial institutions that automated regulatory reporting and saved money with our software.
Execute regulatory reporting obligations more efficiently with the resources you have:
Avoid last-minute submission failures and improve submitted data quality:
Analyse high-quality and granular submission data you can trust for proactive engagement with the market and the regulator:
With its international RegTech Factory, Regnology offers a digital, fully integrated and automated "reporting factory" that helps to achieve significant economies of scale for participating banks and financial service providers.Learn more