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audax & AWS team to drive Maybank Islamic’s Digital Transformation

By Gloria Mathias

January 21, 2025

  • audax
  • AWS
  • BaaS
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audax, Standard Chartered Bank, Fintech News, Payments technology, Digital Banking, Modern Banking, Banking Solutions, Digital Banking, BaaS, Banking as a Service, Banking as a Software, Singapore, Thought Machine, Synpulse, Fintech Solutions, Fintech News, AWS, Malaysia Islamic Bank,audax Financial Technology (audax), a comprehensive digital banking technology solutions provider backed by Standard Chartered, has been appointed by Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group, as its partner to spearhead the digital transformation of its banking services.

This collaboration will deliver modern, customer-centric digital banking solutions built on Amazon Web Services (AWS), the world’s most comprehensive and broadly adopted cloud, with its first product to launch in 2025. This collaboration underscores audax’s pivotal role in shaping the future of digital Islamic banking.

audax is bringing its expertise to Maybank Islamic with the goal of enabling Maybank Islamic to redefine customer experiences across its key markets, including Malaysia, Singapore, Indonesia, and the Philippines, through innovative, inclusive, and Shariah-compliant digital banking solutions.

audax will enable Maybank Islamic to deliver a full suite of Islamic financial products via seamless digital channels. These include paperless, real-time onboarding, efficient account management, and instant access to digital banking services. Powered by AWS’s secure and scalable cloud infrastructure, audax’s platform ensures rapid, reliable, and safe deployment. This solution meets customer needs with agility, and enables compliance with Islamic finance principles, reinforcing audax’s commitment to delivering inclusive and innovative banking solutions at scale.

Kelvin Tan, CEO of audax, shared, “This collaboration with Maybank Islamic underscores our commitment to driving digital transformation in Islamic banking, and banking as a whole. audax’s platform will enable Maybank Islamic to deliver transformative customer experiences, ensuring they remain a leader in the rapidly evolving Islamic finance landscape.”

Dato’ Muzaffar Hisham, Maybank Islamic CEO, said, “Partnering with audax and AWS marks a significant milestone in our journey to build global Islamic banking leadership. We are confident that audax’s expertise and AWS’s secure cloud infrastructure will empower us to serve our customers better and drive growth across Southeast Asia’s rapidly expanding Islamic finance sector.”

Peter Murray, Country General Manager for Malaysia and Asia Emerging Markets at AWS, said, “Working in partnership with industry-leading partners like audax, who deliver the building blocks of future finance, we are committed to helping Maybank Islamic redefine Islamic banking as a global leader and democratise financial access across ASEAN.”

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