10x Banking goes for growth in Apac with Constantinople tie up
0
The collaboration sees two major technology companies coming together to provide banks, mutuals, and financial institutions around the world with access to best-in-class banking technology architecture and solutions.
Banks spend billions each year building duplicative technology, creating a tension between innovation and growth. Now for the first time, 10x Banking's modern core technology combined with Constantinople's comprehensive banking solutions will accelerate digital transformation, integrate AI and reduce cost-to-income ratios by up to 80% - giving banks and mutuals access to a best-in-class banking stack at a fraction of the cost of building it in house.
Sydney-based Constantinople, backed by experienced investors such as Square Peg Capital, Airtree and Prosus, recently raised an A$50 million Series A funding round, following the largest seed round in Australia. Working closely with 10x Banking, Constantinople is already serving customers across APAC including Great Southern Bank, Australia's largest customer owned bank, with over 400,000 members.
Dianne Challenor, Co-Founder and CEO of Constantinople, said: 'This partnership showcases our unique ability to bring tier-1 bank capabilities for financial institutions with an entirely software driven infrastructure to run operations and compliance. We can leverage best of breed architecture and tech stack to power retail banks, SME banks and provide embedded banking needs. With the technology we've built, we can now integrate AI into every aspect of banking. We're excited to be working with 10x Banking - which has helped us accelerate our engineering and delivery.'
Legacy core systems and siloed business functions have long presented financial institutions with higher overheads and made it challenging to innovate at the pace today's market requires. Research commissioned by 10x Banking showed that 67% of bank executives believe they are losing business opportunities due to the slow pace of digital transformation, yet only 8% of banks are focused on improving their core banking capabilities.
The partnership between 10x Banking and Constantinople means these banks can achieve the full core transformation that will enable them to deliver greater value to their customers by focusing on product innovation and greater customer experiences.
Antony Jenkins, CEO at 10x Banking, said: 'When 10x was founded, our mission was simple: to make banking ten times better for our customers, their members and society. Achieving this requires building the strongest possible ecosystem of partners. In today's AI-first world, banks, mutuals, and financial institutions must rethink how they deliver value to their customers and members.
By combining 10x's world-first meta core with Constantinople's comprehensive end-to-end banking platform and fully integrated operational stack, we take away the burden of managing the complexities of banking infrastructure and operations. Together, we're empowering institutions to focus on innovation, embrace AI and enhance customer experience.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
27 minutes ago
- Daily Mail
Save up to 70 per cent on hair and beauty in huge sale event with discounts on big brands like Bondi Boost, TYPEBEA and Alpha-H
Daily Mail journalists select and curate the products that feature on our site. If you make a purchase via links on this page we will earn commission - learn more Carts at the ready - the online beauty event of the year has kicked off, and there are huge savings to be nabbed on major brands including Bondi Boost, TYPEBEA, Alpha-H and Redken. Oz Hair and Beauty is upping the ante this Afterpay Day, locking in discounts for the week of August 11 to 17 for their customers, with up to 70 per cent off some products. It's the perfect time to stock up on skincare, get your hands on a haircare haul, or splurge on that luxe beauty tool you've been eyeing up. We've rounded up the best discounts on bestsellers and cult favourites across the hair and beauty retailer that you can snap up now. From 25 per cent off collagen from Vida Glow, to the iconic Alpha-H Liquid Gold exfoliant, and hair repair wizard Olaplex, all your favourite brands and beauty go-to's are on sale. Scalp care is the new skincare, and there are numerous discounts on scalp-loving products on Oz Hair and Beauty, including an impressive 30 per cent of the TOUCHBeauty VITA Pro Multi-Function Hair Care Comb - usually $249, it's dropped to $173.80 in the sale. Hair growth serums from TYPEBEA and STRAAND are also discounted by 20 and 25 per cent, respectively, while Bondi Boost hair Growth Shampoo is 20 per cent off for shoppers. Bestselling at-home treatments from Redken, Olaplex and L'Oréal Professionnel can help to stretch out the weeks between salon visits - handy with the cost of living at the moment - so take advantage and stock up while they're on sale. The Oz Hair and Beauty Afterpay Day sale event runs from August 11 to 17th, and you don't have to be an Afterpay customer to take advantage of the discounts. 25% OFF Alpha-H Liquid Gold Exfoliating Treatment This powerful exfoliating treatment is formulated with five per cent glycolic acid, which works to gently dissolve dead skin cells and promote cell renewal, revealing a brighter and more radiant complexion. NOW: $57.71 Shop 30% OFF TOUCHBeauty VITA Pro Multi-Function Hair Care Comb A high-tech scalp massager and hairbrush designed to stimulate blood circulation, promote hair growth, and enhance product absorption. Its combination of red light therapy, gentle heat, and soothing vibration helps improve scalp health while reducing tension and breakage for stronger, shinier hair. NOW: $173.30 Shop 25% OFF Olaplex Hair Perfector No.3 The iconic weekly at-home treatment that repairs damaged and compromised hair, strengthens and protects hair structure, and restores healthy appearance and texture. NOW $43.20 Shop 20% OFF Vida Glow Liquid Collagen Skin + Energy Green Apple Vida Glow's bestselling liquid collagen in a brand new flavour promises to enhance your skin's elasticity and vitality while boosting your energy. Each sachet is packed with essential nutrients that work synergistically to promote a youthful appearance and invigorate your daily routine. NOW: $60 Shop 25% OFF Redken Acidic Bonding 24/7 Night & Day Serum This innovative serum strengthens and protects damaged hair. The formulation works to repair and fortify hair bonds, ensuring your locks remain strong, healthy, and vibrant. As Redken ambassador Sabrina Carpenter says: 'Beauty sleep for your hair'. NOW: $53.25 Shop 20% OFF TYPEBEA G1 Overnight Boosting Peptide Serum The hair growth stimulating serum aims to support hair growth at the scalp, with customers calling it 'the best decision' they have ever made for their hair. Owned by Rita Ora and Vida Glow Founder Anna Lahey, TYPEBEA's hero ingredient is Baicapil, a clinically studied peptide blend of soy and wheat sprouts, known for its nourishing properties that stimulate growth. NOW $64 Shop 25% OFF L'Oréal Professionnel Metal Detox Mask A nourishing mask that protects the hair fibre from particle deposits after any colour, balayage, or lightening, maintaining colour vibrancy with intense shine, and preventing hair breakage by up to 87 per cent to combat dull, damaged hair and split ends. NOW $54 Shop 20% OFF Ms Morning Dawn Break Moi-Starter A luxurious yet lightweight moisturiser that promises to nourish and revitalise, leaving skin soft, smooth and with a radiant glow. NOW $53.60 Shop 20% OFF Redo Haircare Genie in a Bottle Miracle Spray This leave-in treatment spray that makes hair more manageable - it detangles, de-frizzes, and adds shine, while offering heat and UV protection. A multi-use hair hero! NOW $19.96 Shop 20% OFF Shark Beauty FlexStyle Air Styling & Drying System A dual-function hair dryer and hair styler in one, the FlexStyle Air enables you to dry and style simultaneously, reducing frizz and enhancing shine as you style. A time-saver that achieves salon-quality hair styling at home. NOW $319.20 Shop 20% OFF Bondi Boost Hair Growth Shampoo A sulphate-free shampoo that gently cleanses while targeting signs of thinning and shedding. In a consumer study, 93% of users reported less shedding, breakage and fallout in one month, while 90% said their hair was longer, fuller and thicker in a month*. NOW $38.40 Shop 15% OFF Color Wow Dream Coat Supernatural Spray Frizz, be gone. This heat-activated spray seals hair strands with a waterproof protective layer, for smooth hair that is humidity and rain proof. Achieving that ultra-sleek and shiny, 'glass hair' look, it isn't surprising that this product has gone viral on Tiktok. NOW $48.87 Shop 25% OFF Pureology Hydrate Shampoo A sulphate free shampoo with a signature aromatherapy blend that transformers your hair wash into a luxurious spa experience. The concentrated formula of natural plant extracts gently cleanses without stripping, retaining colour while infusing hair with intense hydration. NOW $42.45 Shop 25% OFF STRAAND The Crown Fix Scalp Serum This scalp-loving serum is designed to nourish and soothe, delivering relief from dryness, itchiness and irritation. Formulated with natural ingredients, The Crown Fix supports a healthy scalp to promote hair growth. NOW $21 Shop *Based on a 1-month consumer perception study with 30 participants using Bondi Boost Hair Growth Shampoo, Hair Growth Conditioner, and Hair Growth Procapil® Tonic
Reuters
27 minutes ago
- Reuters
Exclusive: SK Hynix expects AI memory market to grow 30% a year to 2030
SEOUL/SAN FRANCISCO, Aug 11 (Reuters) - South Korea's SK Hynix ( opens new tab forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30% a year until 2030, a senior executive said in an interview with Reuters. The upbeat projection for global growth in high-bandwidth memory (HBM) for use in AI brushes off concern over rising price pressures in a sector that for decades has been treated like commodities such as oil or coal. "AI demand from the end user is pretty much, very firm and strong," said SK Hynix's Choi Joon-yong, the head of HBM business planning at SK Hynix. The billions of dollars in AI capital spending that cloud computing companies such as Amazon (AMZN.O), opens new tab, Microsoft (MSFT.O), opens new tab and Alphabet's (GOOGL.O), opens new tab Google are projecting will likely be revised upwards in the future, which would be "positive" for the HBM market, Choi said. The relationship between AI build-outs and HBM purchases is "very straightforward" and there is a correlation between the two, Choi said. SK Hynix's projections are conservative and include constraints such as available energy, he said. But the memory business is undergoing a significant strategic change during this period as well. HBM - a type of dynamic random access memory or DRAM standard first produced in 2013 - involves stacking chips vertically to save space and reduce power consumption, helping to process the large volumes of data generated by complex AI applications. SK Hynix expects this market for custom HBM to grow to tens of billions of dollars by 2030, Choi said. Due to technological changes in the way SK Hynix and rivals such as Micron Technology (MU.O), opens new tab and Samsung Electronics ( opens new tab build next-generation HBM4, their products include a customer-specific logic die, or "base die", that helps manage the memory. That means it is no longer possible to easily replace a rival's memory product with a nearly identical chip or product. Part of SK Hynix's optimism for future HBM market growth includes the likelihood that customers will want even further customisation than what SK Hynix already does, Choi said. At the moment it is mostly larger customers such as Nvidia (NVDA.O), opens new tab that receive individual customisation, while smaller clients get a traditional one-size-fits-all approach. "Each customer has different taste," Choi said, adding that some want specific performance or power characteristics. SK Hynix is currently the main HBM supplier to Nvidia, although Samsung and Micron (MU.O), opens new tab supply it with smaller volumes. Last week, Samsung cautioned during its earnings conference call that current generation HBM3E supply would likely outpace demand growth in the near term, a shift that could weigh on prices. "We are confident to provide, to make the right competitive product to the customers," Choi said. U.S. President Donald Trump on Wednesday said the United States would impose a tariff of about 100% on semiconductor chips imported from countries not producing in America or planning to do so. Choi declined to comment on the tariffs. Trump told reporters in the Oval Office the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would not apply to companies that were already manufacturing in the United States or had made a commitment to do so. Trump's comments were not a formal tariff announcement, and the president offered no further specifics. South Korea's top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics and SK Hynix would not be subject to the 100% tariffs on chips if they were implemented. Samsung has invested in two chip fabrication plants in Austin and Taylor, Texas, and SK Hynix has announced plans to build an advanced chip packaging plant and an artificial intelligence research and development facility in Indiana. South Korea's chip exports to the United States were valued at $10.7 billion last year, accounting for 7.5% of its total chip exports. Some HBM chips are exported to Taiwan for packaging, accounting for 18% of South Korea's chip exports in 2024, a 127% increase from the previous year.
The Guardian
2 hours ago
- The Guardian
Morning Mail: Albanese eyes universal childcare; Netanyahu defends Gaza occupation plan; confusion over Ukraine peace summit
Good morning. The government has got the ball rolling on the creation of a universal childcare system – a policy that could be central to Anthony Albanese's political legacy. Elsewhere, Benjamin Netanyahu has defended Israel's plans to occupy Gaza City, despite warnings about further humanitarian calamity at an emergency session of the UN security council. In further international news, Ukraine's allies have called for Kyiv to have a seat at the table as Trump and Putin prepare for talks. Closer to home, experts are convinced the RBA will cut interest rates this week as Australian households continue to endure cost-of-living pressures. Rates expectation | Economists and financial markets are (again) convinced the RBA board is about to drop the official cash rate from 3.85% to 3.6%, after the central bank held rates steady last month, despite expectations. Exclusive | Labor has commissioned consultancy giants Deloitte to help design a universal childcare system in Australia as Anthony Albanese chases a political legacy to rival Medicare. Explainer | Before the Australian election, both main parties wanted to cut international student numbers. So why has the government announced that it will increase places by 25,000 next year? Israel sales | The acting PM, Richard Marles, was adamant on Sunday that Australia is not selling weapons to Israel despite exports of F-35 fighter jet parts – but critics say parts of weapons are still weapons. 'Hard to watch' | Officials have released startling footage of 'heart-in-mouth' near misses in NSW and urged people to be more careful near the light rail network during Rail Safety week. Gaza crisis | Benjamin Netanyahu has defended his Gaza City takeover plan as the 'speediest way' to end the war with Hamas but the UN warns of 'calamity'; UN experts say Gaza faces 'starvation, pure and simple' as child deaths mount. Russia-Ukraine war | Europe's leaders are raising pressure on Donald Trump to involve Ukraine in talks with Putin; and confusion over the Alaska summit shows Vladimir Putin still calls the shots, Shaun Walker writes. European blazes | Wildfires have forced the closure of trails on Mount Vesuvius in Italy, while those working to contain France's biggest wildfire since 1949 face a 'challenging day' in soaring heat. 'A lot of money to be made' | A spate of robberies of luxury handbags in Paris suggests that high-value leather goods are now a bigger target for organised criminals than jewels or cash. 'I'll get back to you' | Emma Thompson has accepted Academy Awards, Baftas and even a damehood over her career, but there was one offer she had to turn down – a date with Donald Trump. Why doesn't Adani pay any corporate tax? When Adani first sought government approval for its Carmichael coalmine in Queensland, a major selling point was the company's pledge to deliver $22bn in taxes and royalties. But, the Australian government has not received a single cent in corporate tax. Jonathan Barrett speaks with Reged Ahmad about why it's time for a rethink on how we tax corporate wealth. Dr Karl Kruszelnicki has been answering curly listener questions about science with characteristic excitement and passion, for more than 40 years. But the 77-year-old science communicator can't be everywhere all at once. So he is working on an AI chatbot designed to answer questions on the climate crisis. Will it change sceptics' minds? Well, he's willing to give it a try. In the latest in our Kindness of strangers series, we hear from a reader who found themselves sore, sad and scared after a mastectomy – and in need of a new bra. Overwhelmed and sobbing deep among a department store's racks of bras, they were saved by a shop assistant who took them by both hands and promised that eventually 'it will all be OK'. Sign up to Morning Mail Our Australian morning briefing breaks down the key stories of the day, telling you what's happening and why it matters after newsletter promotion Cricket | Tim David (above) and Josh Hazlewood shine as Australia sink South Africa in the first match of a T20 with a 17-run victory. AFL | Individual brilliance got the Bulldogs over the line on a typical Beveridge-era day of AFL footy, Jonathan Horn writes. Football | Crystal Palace sank Liverpool on penalties to claim the Community shield; there was a reality check for Liverpool after summer transfers and tragedy, John Brewin writes. Darts | Luke Littler lit up Wollongong with his Australian Darts Masters victory. Australia's ski resorts are backing themselves with major investments despite recent lean years on the slopes, ABC News reports. CSIRO researchers have developed a new algorithm that can block images from being used to create deepfakes, the Sydney Morning Herald reports. Victoria residents between Ballarat and Bendigo reported seeing a meteor burning through the sky overnight, the Age reports. NSW | NCAT hearing continues for MP Mark Latham, accused of sexual harassment in the workplace. ACT | The Crawford Fund's food security annual conference is being held at Parliament House in Canberra. Business | JB Hi-Fi earnings for the 2025 financial year are due to be released. If you would like to receive this Morning Mail update to your email inbox every weekday, sign up here, or finish your day with our Afternoon Update newsletter. You can follow the latest in US politics by signing up for This Week in Trumpland. And finally, here are the Guardian's crosswords to keep you entertained throughout the day. Until tomorrow. Quick crossword Cryptic crossword
