FPT, audax partner to expand digital banking in Asia Pacific and Middle East
The collaboration aims to provide scalable and secure digital banking services to financial institutions in the Asia Pacific and Middle East, with a goal of achieving $100m in revenue over three years.
Under the agreement, FPT will act as audax's primary regional partner in the Asia Pacific, handling development, testing, deployment, and ongoing operational support.
The partnership combines audax's digital banking platform with FPT's capabilities in cloud-native development, microservices architecture, DevSecOps, and agile delivery.
FPT Software CEO Pham Minh Tuan said: '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.'
The initiative targets the underbanked populations in the Asia Pacific, enabling financial institutions to update legacy systems and adopt models like embedded finance and Banking-as-a-Service to meet the demand for digital financial services.
audax CEO Kelvin Tan stated: 'This partnership supports our vision to lead the digital transformation of banking, enabling financial institutions to scale, unlock new growth opportunities, and stay ahead of the curve with innovative business models that drive financial inclusion.'
The collaboration between the companies began in 2020, with FPT supporting audax's product development and market rollouts in the Asia Pacific.
In December last year, audax partnered with Tuum, focusing on the Middle East to deliver digital banking capabilities.
FPT, based in Vietnam, operates in technology, telecommunications, and education, with 3,000 engineers serving over 200 clients in the fintech sector.
audax Financial Technology supports banks and financial institutions in scaling and modernising, having enabled Standard Chartered's SC nexus Banking-as-a-Service offering in Asia.
"FPT, audax partner to expand digital banking in Asia Pacific and Middle East " was originally created and published by Retail Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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