Audax, FPT team up to expand digital banking in Asia and ME

By Vriti Gothi

audax FinTech, a digital banking solutions provider,  has partnered with FPT, an IT services provider, to enhance digital banking and expand financial inclusion across Asia Pacific and the Middle East.

Under the multi-year agreement, FPT will serve as audax’s largest regional partner, spearheading the development, testing, deployment, and ongoing operational support of audax’s innovative plug-and-play banking platform. The partnership sets an ambitious revenue target of $100 million over the next three years.

Combining audax’s flexible, cloud-native core banking capabilities with FPT’s deep expertise in cloud-native development, microservices, DevSecOps, and agile delivery, the alliance is poised to help financial institutions modernise legacy systems, embrace embedded finance, and unlock the full potential of Banking-as-a-Service (BaaS) models.

The partnership is designed with a strong commitment to customer-centricity, enabling banks and financial service providers to deliver secure, scalable, and future-ready digital banking experiences. By streamlining the modernisation journey, the collaboration aims to expand access to essential financial services for underserved and underbanked communities across fast-growing markets.

Pham Minh Tuan, CEO of FPT Software and Executive Vice President of FPT Corporation, said, “This strategic partnership represents a significant step forward in our mission to drive digital transformation at scale. FinTech is reshaping the global financial services landscape, creating unprecedented demand for trusted partners who can deliver AI-enabled, cloud-first solutions. Building on nearly three decades of financial services expertise and our strong track record with Standard Chartered Ventures, we are excited to accelerate digital banking innovation and help our clients expand access to secure and inclusive financial services.”

Kelvin Tan, CEO of audax, said, “We’re thrilled to join forces with FPT to deliver a flexible, cloud-native banking solution that meets the evolving needs of forward-looking banks. Together, we are setting a new benchmark for agile digital banking infrastructure, enabling institutions to modernise rapidly, scale efficiently, and unlock new growth opportunities through innovative business models that advance financial inclusion.”

This strengthened partnership builds on the companies’ successful collaboration since 2023, when FPT first supported audax’s product development and rollout initiatives in the Asia Pacific region. Today, with a dedicated FinTech workforce of over 3,000 engineers serving more than 200 global financial institutions, FPT is further solidifying its position as a trusted digital transformation partner for the banking sector.

With the Asia Pacific digital banking market projected to reach USD 360 billion by 2030 and the Middle East expected to grow to USD 2.6 billion, the companies are well-positioned to meet surging demand for secure, adaptable, and innovative digital banking solutions.

Looking ahead, FPT and audax remain committed to jointly advancing next-generation banking technologies, driving financial inclusion, and supporting financial institutions on their journeys to become truly digital, customer-first enterprises.