IT support for financial services businesses in Australia. We work with financial planning practices, mortgage brokers, and investment firms that carry AFSL or ACL obligations and need IT configured to match the standards their licence requires.
Financial services businesses operate under some of the most demanding IT and security requirements of any sector. AFSL and ACL obligations, ASIC record-keeping rules, ATO reporting requirements, and the data handling obligations under the Privacy Act all place specific demands on how IT is configured, secured, and documented.
We have supported financial planning practices, mortgage brokers, investment managers, and financial advisory firms long enough to understand the platforms they use and the consequences when systems are unavailable or data is mishandled. We also understand that financial services businesses are a priority target for cyber attackers client data, account credentials, and payment systems are all attractive.
AFSL holders have obligations under the Corporations Act to maintain adequate resources, systems, and controls. ASIC expects that IT systems supporting financial advice and investment management are reliable, secure, and backed by appropriate business continuity arrangements.
This includes data retention and audit trail requirements financial services records often need to be retained for seven years or more. We make sure backup, archiving, and access logging are configured to support that. Financial services businesses are expected to have demonstrably adequate security controls, not just antivirus and a firewall.
Talk to us about how we support AFSL and ACL holders. We understand what the compliance obligations mean for your IT environment.