Latest news with #Aust
Korea Herald
6 days ago
- Business
- Korea Herald
Synpulse successfully partners with Judo Bank to complete its Core Banking Transformation
SINGAPORE, June 5, 2025 /PRNewswire/ -- Synpulse, a global management consultancy with deep expertise in financial services, is pleased to announce the successful completion of Phase 2 of Judo Bank's core banking transformation journey, building on the strong foundation established in the initial go-live in mid-2024. Phase 2 focused on the delivery of a comprehensive term deposit offering on Judo Bank's new core banking platform, powered by Thought Machine. Over a period of 7 months, Synpulse worked closely with Judo Bank to design, build, and migrate its term deposit products—covering direct and intermediate channels across retail, business, and security-linked accounts. In total, around 63,000 accounts were successfully migrated, marking a major milestone in Judo Bank's broader platform modernisation agenda. The initiative began with a discovery phase in September 2024, followed by an intensive build period starting in October. In addition to launching new term deposit capabilities, the team also completed the migration of a subset of loan accounts from a legacy platform into the Thought Machine system, ensuring all lending products now operate on a single platform. This consolidation significantly streamlined operational processes and enhanced visibility across the bank's product suite. With all core products—lending and term deposits—now live on Thought Machine, Judo Bank is positioned to retire one of its key legacy platforms by mid 2025. This strategic shift enables the bank to significantly improve operational efficiency, reduce technical debt, and accelerate time-to-market for future innovations. Commenting on the successful completion of Phase 2, Rahul Bansal, Partner and Global Head of Retail and SME Banking at Synpulse, said: "We are proud to continue our partnership with Judo Bank on this transformative journey. Phase 2 was all about building on the momentum of the first phase—extending the platform's capabilities with term deposits and completing critical migrations that pave the way for a simplified, scalable banking environment. This marks a key milestone not just in Judo's platform journey, but also in Synpulse's expanding presence in the Australian market." Rosanna Fornarino, Chief Operating Officer at Judo Bank, added: "With Phase 2 complete, we have a modern, unified core banking system that supports both our lending and deposit products. This gives us the flexibility to innovate faster, operate more efficiently, and deliver even better outcomes for our customers. Synpulse has been a strong and collaborative partner throughout, and we're excited about what comes next." This latest phase reinforces Judo Bank's commitment to modernising its technology stack and delivering customer-first banking through a robust and future-ready platform. About Judo Bank Judo Bank is Australia's first purpose-built challenger bank for small and medium-sized businesses (SMEs) and on 1 November 2021, was the first commercial bank to list on the Australian Stock Exchange (ASX) in 30 years. Judo was founded by a small group of experienced lending professionals and its purpose is to be the most trusted SME business bank in Australia. The company's relationship-led lending model, which brings back the craft of relationship banking, is enabled by its digital, cloud-based technology architecture. About Synpulse Synpulse is a global professional services company and a valued partner of leading players in the financial services and related industries. We optimise the proximity to our clients and deep domain expertise to create sustainable value using technology as a business driver. Leveraging our strong network of over 100 ecosystem partners, we accompany our clients throughout their transformation journey – from strategy and development to implementation and management. With our tech powerhouse, Synpulse8, we collaborate with our clients to co-create digital experiences with innovative technologies and proprietary methods. Synpulse is powered by the passion and commitment of its more than 1200 employees, who come from over 30 countries.
Yahoo
6 days ago
- Business
- Yahoo
Synpulse successfully partners with Judo Bank to complete its Core Banking Transformation
SINGAPORE, June 5, 2025 /PRNewswire/ -- Synpulse, a global management consultancy with deep expertise in financial services, is pleased to announce the successful completion of Phase 2 of Judo Bank's core banking transformation journey, building on the strong foundation established in the initial go-live in mid-2024. Phase 2 focused on the delivery of a comprehensive term deposit offering on Judo Bank's new core banking platform, powered by Thought Machine. Over a period of 7 months, Synpulse worked closely with Judo Bank to design, build, and migrate its term deposit products—covering direct and intermediate channels across retail, business, and security-linked accounts. In total, around 63,000 accounts were successfully migrated, marking a major milestone in Judo Bank's broader platform modernisation agenda. The initiative began with a discovery phase in September 2024, followed by an intensive build period starting in October. In addition to launching new term deposit capabilities, the team also completed the migration of a subset of loan accounts from a legacy platform into the Thought Machine system, ensuring all lending products now operate on a single platform. This consolidation significantly streamlined operational processes and enhanced visibility across the bank's product suite. With all core products—lending and term deposits—now live on Thought Machine, Judo Bank is positioned to retire one of its key legacy platforms by mid 2025. This strategic shift enables the bank to significantly improve operational efficiency, reduce technical debt, and accelerate time-to-market for future innovations. Commenting on the successful completion of Phase 2, Rahul Bansal, Partner and Global Head of Retail and SME Banking at Synpulse, said: "We are proud to continue our partnership with Judo Bank on this transformative journey. Phase 2 was all about building on the momentum of the first phase—extending the platform's capabilities with term deposits and completing critical migrations that pave the way for a simplified, scalable banking environment. This marks a key milestone not just in Judo's platform journey, but also in Synpulse's expanding presence in the Australian market." Rosanna Fornarino, Chief Operating Officer at Judo Bank, added: "With Phase 2 complete, we have a modern, unified core banking system that supports both our lending and deposit products. This gives us the flexibility to innovate faster, operate more efficiently, and deliver even better outcomes for our customers. Synpulse has been a strong and collaborative partner throughout, and we're excited about what comes next." This latest phase reinforces Judo Bank's commitment to modernising its technology stack and delivering customer-first banking through a robust and future-ready platform. About Judo Bank Judo Bank is Australia's first purpose-built challenger bank for small and medium-sized businesses (SMEs) and on 1 November 2021, was the first commercial bank to list on the Australian Stock Exchange (ASX) in 30 years. Judo was founded by a small group of experienced lending professionals and its purpose is to be the most trusted SME business bank in Australia. The company's relationship-led lending model, which brings back the craft of relationship banking, is enabled by its digital, cloud-based technology architecture. About Synpulse Synpulse is a global professional services company and a valued partner of leading players in the financial services and related industries. We optimise the proximity to our clients and deep domain expertise to create sustainable value using technology as a business driver. Leveraging our strong network of over 100 ecosystem partners, we accompany our clients throughout their transformation journey – from strategy and development to implementation and management. With our tech powerhouse, Synpulse8, we collaborate with our clients to co-create digital experiences with innovative technologies and proprietary methods. Synpulse is powered by the passion and commitment of its more than 1200 employees, who come from over 30 countries. Further information View original content to download multimedia: SOURCE Synpulse Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
30-05-2025
- Business
- Economic Times
Dollar poised for fifth-straight monthly drop on trade, fiscal uncertainty
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. Yen drifts ahead of Japan bond auction, dollar steady Tired of too many ads? Remove Ads SINGAPORE - The U.S. dollar softened on Friday, heading for its fifth-straight monthly decline as traders braced for further bouts of uncertainty around trade and fiscal health, while investors awaited a pivotal inflation report later in the greenback had a choppy week, ending lower in the previous session after a federal court temporarily reinstated the most sweeping of President Donald Trump's tariffs, a day after a separate trade court had ordered an immediate block on on Thursday criticized the trade court's decision and said he hoped the Supreme Court would overturn the uncertainty around tariffs has taken a vice-like grip on the markets as investors flee U.S. assets looking for alternatives, worried that Trump's erratic policies could challenge the strength and outperformance of U.S. markets."The (court) decision marks the beginning of a new source of uncertainty rather than the total closure of another," said Kyle Rodda, senior financial market analyst at noting the mood in the markets was weekly jobless claims and economic growth data did little to placate worries of an economic downturn. The focus will be on the Federal Reserve 's preferred inflation data - the personal consumption expenditure report - later on of the month was also dominated by worries about fiscal debt levels in developed economies, highlighted by weak appetite for freshly issued longer-dated credit in the U.S. and in Friday, the euro was slightly firmer at $1.1378, while the Swiss franc was also stronger at 0.8216 per U.S. currency was set for monthly declines against the Swiss franc, the euro as well as the dollar index , which tracks the U.S. unit against a basket of six other currencies, was muted on the day. The index was set for a decline of 0.4% in May, on course for its fifth month in the the flip side, markets have been taking notice of emerging market assets in recent weeks. An index tracking emerging market currencies has gained 2.2% for the month - its biggest one-month rise since November Friday, the Japanese yen firmed 0.3% to 143.73 per dollar after data showed underlying inflation in Tokyo hit a more than two-year high in May, keeping alive the chances of further interest rate hikes from the Bank of the dollar is on track for a small monthly rise against the yen, its first after five previous months in the are also on the lookout for any fresh clues on highly anticipated trade deals as the Trump-mandated July 9 deadline on tariffs draws on longer-dated U.S. and Japanese bonds have eased this week, but still remain close to multi-month highs as investors question debt sustainability of the the Australian dollar eased a bit to $0.6429 and was set for a marginal rise in May. The New Zealand dollar last bought $0.5973. (Reporting by Johann M Cherian in Singapore; Editing by Sonali Paul)
Eyewitness News
23-05-2025
- Climate
- Eyewitness News
Record floods devastate eastern Australia
MAITLAND, AUSTRALIA - Record floods cut a destructive path through eastern Australia on Friday, caking houses in silt, washing out roads and separating 50,000 people from help. Four bodies have been pulled from vast tides of floodwater engulfing parts of northern New South Wales, a fertile region of rivers and valleys some 400 kilometres (250 miles) up the coast from Sydney. Salvage crews were preparing to launch a major clean-up operation as waters started receding Friday morning, surveying the damage from half a year's worth of rain dumped in just three days. "So many businesses have had water through and it's going to be a massive cleanup," said Kinne Ring, mayor of the flood-stricken farming town of Kempsey. "Houses have been inundated," she told national broadcaster ABC. "There's water coming through the bottom of houses, it's really awful to see and the water is going to take a bit of time to recede." State Emergency Service boss Dallas Burnes said more than 2,000 workers had been deployed on rescue and recovery missions. "A real focus for us at the moment will be resupplying the isolated communities," he said, adding that 50,000 people were still stranded. Burnes said rescue crews had plucked more than 600 people to safety since waters started rising earlier this week. People clambered atop cars, houses and highway bridges before helicopters winched them away. Although the floods were easing, Burnes said the stagnant lakes of muddy water still posed a threat -- including from snakes that may have slithered into homes in search of shelter. "Floodwaters have contaminants. There can be vermin, snakes. You need to assess those risks. "Electricity can also pose a danger as well." 'HORRIFIC CIRCUMSTANCES' The storms have dumped more than six months' worth of rain over three days, the government weather bureau has said, smashing flood-height records in some areas. "These are horrific circumstances," Prime Minister Anthony Albanese said Friday as he travelled into the disaster zone. "The Australian Defence Force will be made available. There's going to be a big recovery effort required," he told local radio. "There's been massive damage to infrastructure and we're going to have to all really pitch in." In the town of Taree, business owner Jeremy Thornton said the "gut-wrenching" flood was among the worst he had seen. "It is pretty tough, we've had a few moments but you have to suck it up and push on," he told AFP on Thursday. "We are reliving it every second -- hearing the rain, hearing the helicopters, hearing the siren." Locals spotted dead cows washing up on beaches after swollen rivers swept them from their pastures inland. The government has declared a natural disaster, unlocking greater resources for affected areas. 'COMPELLING EVIDENCE' From the arid outback to the tropical coast, swaths of Australia have recently been pummelled by wild weather. The oceans surrounding Australia have been "abnormally warm" in recent months, according to Australia's government weather bureau. Warmer seas evaporate more moisture into the atmosphere, which can eventually lead to more intense rains. Although difficult to link to specific disasters, climate change is already fuelling more extreme weather patterns, scientists warn. Flood modelling expert Mahdi Sedighkia said this week's emergency offered "compelling evidence" of how climate change could affect regional weather patterns.
Yahoo
22-05-2025
- Science
- Yahoo
Extremely rare moment off Aussie island ends six-year search for 'cryptic' species
Since moving to an idyllic Aussie island six years ago, two brothers have spent countless hours observing the fascinating marine creatures that live in the surrounding water. Despite their passion and persistence, one 'rare and cryptic species' has always eluded Oliver and Lawrence Scheele — until now. Taking advantage of the nice weather on Monday, Oliver launched his drone off Queensland's Magnetic Island to try his luck. From frolicking whales to hammerhead sharks and eagle rays leaping at sunset, Oliver told Yahoo News he 'never knows' what he's going to see but hopes for the best. After scanning the murky bay and finding 'nothing', Oliver was about to pack up and head home when what he thought was a turtle caught his eye. 'I almost was going to leave but I thought I would hold off for a bit and see if it would come back up,' he explained. 'It came back up and I thought 'that's a weird looking dugong'.' Despite his initial confusion, the young man quickly realised it was actually an 'extremely rare' and 'very cute' Australian snubfin dolphin. Only identified as a new species in 2005, the 'unique' creatures live in shallow inshore waters across the country's north and southern Papua New Guinea. Oliver's footage, which experts have described as 'great', shows a pod of about seven snubfin dolphins 'in a group all hunting together', including one juvenile chasing a fish gliding on the surface. In another clip, a snubfin 'imposter' can be seen trying to blend in with two Australian humpback dolphins. 'Seeing these dolphins was a privilege as they are so rare,' Oliver told Yahoo, adding he couldn't wait to tell his brother, who had long hoped to track down a photograph of a snubfin to include in his upcoming field guide about the marine life of Magnetic Island. 'It's a very amazing sighting — that's the first time I've ever seen them, and we've been actively looking for around six years,' Lawrence, a marine biologist, told Yahoo. 'They're considered highly elusive. They originally had a habitat just outside the Ross River mouth, but since that port development and the port expansion, they've moved. So ever since that happened, reportings have been less and less.' Lawrence said the species, likened to a 'skinny dugong', was one of the final pieces of the puzzle for his book, which will soon be sent off to publishing. 'I didn't have a photo. I've never seen them before, and people I reached out to have also never seen them or don't have a photo because of their elusive nature. So it was just like divine timing finding them that morning,' he explained. 'Habitat destruction loss and degradation is really affecting their population so to see a relatively large pod of them socialising and hunting on Magnetic Island is just really special.' 🏝️ Incredible encounter of rare shark filmed near Aussie island: 'Amazing' 🦈 Locals in awe as rarely-seen creature washes up on remote beach 🌊 Incredible footage of special creature 'very rarely seen in Australia' Australian snubfin dolphins are listed as vulnerable globally and in Queensland, with the Townsville and Cleveland Bay region home to one of the state's largest known populations, Simon Miller from the Australian Marine Conservation Society (AMCS) told Yahoo. 'But these are still small and fragmented, with limited connectivity to other populations,' he said. 'They tend to be quite a shy species that live in small populations and are typically found in shallow, turbid waters making sightings rare.' Two of the snubfins filmed by Oliver appeared to have injuries on their tails and backs, which he believed may have been caused by boat strikes. The biggest threats to the species are bycatch in commercial gillnet fisheries, habitat degradation and climate change, according to Miller. 'Snubfin dolphins are slow to reproduce and so the loss of even small numbers of individuals can set a population back decades,' he said, adding the Queensland government's decision to phase out gillnet fishing in the Great Barrier Reef by mid-2027 is 'crucial to provide increased protection for this iconic threatened species'. Improving the condition of inshore habitats is also vital, he said. 'Restoring degraded wetlands reduces the amount of pollutants entering the ocean which can then accumulate in species like snubfin dolphins and impact their long-term health.' Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
