IT services provider FPT has joined forces with audax Financial Technology to advance digital banking innovation in the Asia Pacific (APAC) and Middle East regions.
Audax is a digital banking technology solutions company supported by Standard Chartered.
This alliance is set to deliver advanced digital banking experiences to financial institutions in the two regions, aiming for a revenue target of $100m within three years.
It establishes FPT as audax’s largest regional partner in the Asia Pacific, with responsibilities encompassing development, testing, deployment, and long-term operational support.
The partnership combines audax’s digital banking platform with FPT’s expertise in cloud-native development and microservices architecture. It aims to modernise financial institutions’ legacy systems and introduce innovative models such as embedded finance and Banking-as-a-Service.
This effort targets increasing financial inclusion among underbanked populations.
Audax CEO Kelvin Tan said: “We’re excited to join forces with FPT to deliver a flexible, cloud-native solution that meets the evolving needs of banks. Together, we’re setting a new benchmark for agile banking infrastructure, helping institutions modernise quickly and efficiently while driving financial inclusion.”
The agreement positions FPT and audax to enhance their presence in the digital banking solutions sector within two of the world’s most dynamic fintech regions.
FPT software CEO Pham Minh Tuan said: “Fintech is reshaping the global financial services landscape, and there is a growing demand for trusted partners capable of delivering and scaling innovative, artificial intelligence (AI)-enabled solutions.
“Building on our nearly three decades of experience in the financial services domain, and a longstanding partnership with Standard Chartered Ventures across multiple strategic projects, we will accelerate digital banking transformation and help our customers expand access to secure, future-ready financial services.”
Since commencing their collaboration in 2023, FPT has been instrumental in product development and market rollouts across Asia Pacific.
