Latest news with #audax
Yahoo
02-07-2025
- Business
- Yahoo
FPT, audax partner to expand digital banking in Asia Pacific and Middle East
IT services provider FPT has entered a strategic partnership with audax Financial Technology, a digital banking solutions provider backed by Standard Chartered. 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. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
02-07-2025
- Business
- Yahoo
FPT, audax partner to expand digital banking in Asia Pacific and Middle East
IT services provider FPT has entered a strategic partnership with audax Financial Technology, a digital banking solutions provider backed by Standard Chartered. 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. Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
FPT and Standard Chartered-Backed audax Financial Technology Announce Strategic Partnership, Targeting 100M USD Revenue
Targeting USD 100M Revenue: FPT and audax Financial Technology aim to generate USD 100 million in revenue over the next three years, driving digital banking innovation across Asia Pacific and the Middle East. Strategic Regional Partnership: FPT becomes audax's partner in Asia Pacific and the Middle East, providing expertise in cloud-native development, testing, and long-term operational support to accelerate digital banking transformation. Empowering Financial Inclusion: By leveraging audax's plug-and-play digital banking platform and FPT's robust integration capabilities, the partnership will empower financial institutions to modernize legacy systems, adopt Banking-as-a-Service, and drive financial inclusion across underbanked populations. HO CHI MINH CITY, Vietnam, July 02, 2025--(BUSINESS WIRE)--Global IT services provider FPT has formed a strategic alliance with audax Financial Technology (audax), a comprehensive digital banking technology solutions provider backed by Standard Chartered. This partnership aims to deliver scalable, secure, and innovative digital banking experiences to financial institutions across the fast-growing Asia Pacific and Middle East regions, with a target revenue of USD 100 million over three years. Under this agreement, FPT becomes audax's largest regional partner in Asia Pacific, taking on a key role in development, testing, deployment, and long-term operational support. The partnership combines audax's plug-and-play digital banking platform with FPT's deep capabilities in cloud-native development, microservices architecture, DevSecOps, and agile delivery. With significant portions of the population in Asia Pacific remaining underbanked, this joint offering empowers financial institutions to modernize legacy systems and enhance new ones, while adopting innovative models such as embedded finance and Banking-as-a-Service to drive financial inclusion and meet the growing demand for digital financial services. This strategic partnership positions FPT and audax to strengthen their presence in the digital banking solutions market in Asia Pacific and the Middle East, two of the world's most dynamic fintech regions. The Asia Pacific digital banking market is projected to surge by 110%, reaching USD 360 billion by 2030, while the Middle East digital banking market is expected to grow by 58%, hitting USD 2.6 billion by 2030. These figures underscore the immense potential for innovation and growth. "Fintech is reshaping the global financial services landscape, and there is a growing demand for trusted partners capable of delivering and scaling innovative, 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," stated Pham Minh Tuan, FPT Software Chief Executive Officer and Executive Vice President, FPT Corporation. "We're excited to join forces with FPT to deliver a flexible, cloud-native solution that meets the evolving needs of banks," said Kelvin Tan, Chief Executive Officer at audax. "Together, we're setting a new benchmark for agile banking infrastructure, helping institutions modernize quickly and efficiently while driving financial inclusion. 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." "This strategic alliance marks a defining milestone in our pursuit to accelerate the digital transformation of the financial services industry." David Nguyen Tran Hung, FPT Software Senior Vice President and FPT Asia Pacific Chief Executive Officer, FPT Corporation, emphasized. "By integrating our strengths, we are uniquely positioned to help banks future-proof their operations and unlock new revenue opportunities at scale. Fundamentally, this collaboration reflects a shared commitment to empowering financial institutions with the technologies required to thrive in a rapidly evolving digital economy," he added. FPT and audax began their collaboration in 2023, with FPT supporting product development and market rollouts across Asia Pacific. The partnership has evolved from a product development and program-based engagement into a strategic, long-term alliance, reinforcing FPT's expanding footprint in the fintech sector. In this sector, FPT boasts a workforce of 3,000 engineers, delivering innovative solutions to more than 200 clients worldwide. About FPT Corporation FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. Committed to elevating Vietnam's position on the global tech map and delivering world-class solutions for global enterprises, the Corporation focuses on five strategic areas: Artificial Intelligence, Automotive, Semiconductor, Digital Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit About audax Financial Technology audax Financial Technology is a comprehensive digital banking solutions provider empowering banks and financial institutions to scale and modernise at speed. audax has enabled new business models and revenue streams for Standard Chartered under the SC nexus proposition, becoming the first global bank to provide Banking-as-a-Service in Asia. For more information, please visit and follow audax on LinkedIn. View source version on Contacts Media:Mai Duong (Ms.)FPT CorporationFPT Software PR Wenting ChenBrand & Marketing Lead,
Business Wire
02-07-2025
- Business
- Business Wire
FPT and Standard Chartered-Backed audax Financial Technology Announce Strategic Partnership, Targeting 100M USD Revenue
HO CHI MINH CITY, Vietnam--(BUSINESS WIRE)--Global IT services provider FPT has formed a strategic alliance with audax Financial Technology (audax), a comprehensive digital banking technology solutions provider backed by Standard Chartered. This partnership aims to deliver scalable, secure, and innovative digital banking experiences to financial institutions across the fast-growing Asia Pacific and Middle East regions, with a target revenue of USD 100 million over three years. Under this agreement, FPT becomes audax's largest regional partner in Asia Pacific, taking on a key role in development, testing, deployment, and long-term operational support. The partnership combines audax's plug-and-play digital banking platform with FPT's deep capabilities in cloud-native development, microservices architecture, DevSecOps, and agile delivery. With significant portions of the population in Asia Pacific remaining underbanked, this joint offering empowers financial institutions to modernize legacy systems and enhance new ones, while adopting innovative models such as embedded finance and Banking-as-a-Service to drive financial inclusion and meet the growing demand for digital financial services. This strategic partnership positions FPT and audax to strengthen their presence in the digital banking solutions market in Asia Pacific and the Middle East, two of the world's most dynamic fintech regions. The Asia Pacific digital banking market is projected to surge by 110%, reaching USD 360 billion by 2030, while the Middle East digital banking market is expected to grow by 58%, hitting USD 2.6 billion by 2030. These figures underscore the immense potential for innovation and growth. 'Fintech is reshaping the global financial services landscape, and there is a growing demand for trusted partners capable of delivering and scaling innovative, 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,' stated Pham Minh Tuan, FPT Software Chief Executive Officer and Executive Vice President, FPT Corporation. 'We're excited to join forces with FPT to deliver a flexible, cloud-native solution that meets the evolving needs of banks,' said Kelvin Tan, Chief Executive Officer at audax. 'Together, we're setting a new benchmark for agile banking infrastructure, helping institutions modernize quickly and efficiently while driving financial inclusion. 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.' 'This strategic alliance marks a defining milestone in our pursuit to accelerate the digital transformation of the financial services industry.' David Nguyen Tran Hung, FPT Software Senior Vice President and FPT Asia Pacific Chief Executive Officer, FPT Corporation, emphasized. 'By integrating our strengths, we are uniquely positioned to help banks future-proof their operations and unlock new revenue opportunities at scale. Fundamentally, this collaboration reflects a shared commitment to empowering financial institutions with the technologies required to thrive in a rapidly evolving digital economy,' he added. FPT and audax began their collaboration in 2023, with FPT supporting product development and market rollouts across Asia Pacific. The partnership has evolved from a product development and program-based engagement into a strategic, long-term alliance, reinforcing FPT's expanding footprint in the fintech sector. In this sector, FPT boasts a workforce of 3,000 engineers, delivering innovative solutions to more than 200 clients worldwide. About FPT Corporation FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. Committed to elevating Vietnam's position on the global tech map and delivering world-class solutions for global enterprises, the Corporation focuses on five strategic areas: Artificial Intelligence, Automotive, Semiconductor, Digital Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit About audax Financial Technology audax Financial Technology is a comprehensive digital banking solutions provider empowering banks and financial institutions to scale and modernise at speed. audax has enabled new business models and revenue streams for Standard Chartered under the SC nexus proposition, becoming the first global bank to provide Banking-as-a-Service in Asia. For more information, please visit and follow audax on LinkedIn.
