The Australian Prudential Regulation Authority (APRA) released CPS230 Operation Risk Management to strengthen the management of operational risk by all APRA-regulated entities by 1 July 2025. With the Holocentric product suite, these organisations can efficiently manage operational risks and reduce the compliance costs required to meet these new standards.
From 1 July 2025, CPS 230 compliance is non-negotiable for financial institutions. It requires entities to identify critical operations and document their processes and resources. In order to underpin operational risk assessments with clear documentation of these processes and resources, these organisations will need to conduct scenario analysis and keep records of how changes can affect their ability to operate. This cast information then needs to be consolidated, governed with clear accountabilities and kept up to date at all times.
While the new CPS 230 standard demands considerable effort for its design, execution and ongoing management, the new standard will enhance entities’ resilience and operational risk management capacities. With more than two decades of experience working with organisations in highly regulated industries, our intuitive and simple software is allowing these companies to prepare for risk events, enhance resilience and protect their entity and broader community.
Holocentric helps organisations identify and document banking and superannuation-specific process libraries. With this insight, organisations can easily assign ownership and other responsibilities to key stakeholders to ensure company-wide efficiency.
Stay across processes, resources and compliance information from various teams and systems in one place. Holocentric Connect enables organisations to consolidate data from multiple business areas and create a single view of the operating environment.
Explore the interdependencies and connections between processes, resources, obligations, risks and controls in an instant. Plus, conduct what-if scenario analyses to identify other factors that could be impacted in the future.
Keep your information complete, accurate and up to date in a cost-effective manner with streamlined workflows and reminders. Our version control and audit trails also provide transparency to ensure clear documentation and traceability.
Our clients have turned obstacles into opportunities with Holocentric, setting new benchmarks for success and realising business at the peak of efficiency, compliance and resilience.
Unlock the potential within your organisation with Holocentric. Dive into a future where efficiency, compliance and excellence are not just goals, but realities.
