APRA Delays Implementation of New Data Collection Solution
APRA has temporarily suspended the program to replace the Direct to APRA (D2A) data collection tool with APRA Connect, in light of the challenges posed by COVID-19. APRA expects this temporary hold to last at least six months and delay all APRA Connect go-live dates by at least this timeframe. As the external environment stabilizes, APRA will advise entities when the project will start again. Meanwhile, entities will continue to use D2A and other current reporting channels. The temporary suspension of the APRA Connect project will provide some relief to entities and ensure flexibility for resourcing of work to ensure the financial resilience of entities and the provision of ongoing customer service. Additionally, APRA has reminded that the D2A update for myGovID should be completed by March 27, 2020, as AUSkey will retire on Friday March 27, 2020.
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Keywords: Asia Pacific, Australia, Banking, Insurance, Superannuation, Pensions, D2A, APRA Connect, Reporting, COVID 19, Data Collection, MyGovID, APRA
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