1. Introduction
Syncroni Savings is committed to operating with integrity and to ensuring that modern slavery and human trafficking have no place in our business or our supply chains. This statement is made pursuant to the Modern Slavery Act 2018 (Cth) and sets out the steps we have taken during the financial year 2026.
2. Our Business
Syncroni Savings is an Australian-headquartered digital banking group providing retail banking, payments, investment and trading services to personal and business customers. We employ approximately 500 people across our operations, with our headquarters located at 3608 Diane Street, Los Angeles, United States of America.
3. Supply Chain
Our supply chain includes technology providers, data centres, payment processors, card network operators, identity verification services, and professional service firms. We recognise that supply chain risks vary by geography and industry sector and seek to assess these risks systematically.
4. Risk Assessment
We assess modern slavery risks across our supply chain by reference to the geographic location of operations, the industry sector, the nature of the work performed, and indicators from public risk indices. We have identified higher-risk areas in certain technology hardware supply chains and outsourced service delivery in higher-risk geographies.
5. Due Diligence
Our due diligence processes include: pre-engagement questionnaires on labour practices for all significant suppliers; contractual obligations requiring suppliers to comply with applicable labour laws; site assessments for higher-risk suppliers; and ongoing monitoring of supplier compliance through annual reviews and audit rights.
6. Training
All employees receive training on modern slavery awareness as part of their induction and annual compliance training. Procurement and supplier management teams receive additional, in-depth training on identifying and responding to modern slavery risks.
7. Effectiveness
We measure the effectiveness of our actions through: the number of suppliers screened; grievances received and resolved; training completion rates; and remediation actions taken. In the current reporting year, no instances of modern slavery were identified in our direct operations or supply chain. We will continue to review and strengthen our processes annually.
This statement has been approved by the Syncroni Savings Board of Directors for the financial year ended 30 June 2026.