Global IT services provider FPT has announced a strategic partnership with audax Financial Technology, a digital banking technology solutions provider backed by Standard Chartered. The collaboration aims to deliver innovative digital banking experiences across Asia Pacific and the Middle East, targeting USD 100 million in revenue over three years.
FPT will become audax's largest regional partner in Asia Pacific, providing expertise in development, testing, deployment, and long-term operational support. This partnership leverages audax’s plug-and-play digital banking platform alongside FPT’s capabilities in cloud-native development and agile delivery. It seeks to modernize legacy systems and promote financial inclusion by adopting Banking-as-a-Service.
The alliance is expected to strengthen the presence of both companies in the dynamic fintech regions of Asia Pacific and the Middle East. The Asia Pacific digital banking market is projected to grow significantly, reaching USD 360 billion by 2030, while the Middle East market is anticipated to hit USD 2.6 billion by the same year.
Pham Minh Tuan, CEO of FPT Software and Executive Vice President of FPT Corporation stated: “Fintech is reshaping the global financial services landscape...we will accelerate digital banking transformation and help our customers expand access to secure, future-ready financial services.”
Kelvin Tan, CEO at audax highlighted: “We’re excited to join forces with FPT...Together, we’re setting a new benchmark for agile banking infrastructure...This partnership supports our vision to lead the digital transformation of banking.”
David Nguyen Tran Hung from FPT added: “This strategic alliance marks a defining milestone in our pursuit to accelerate the digital transformation of the financial services industry...this collaboration reflects a shared commitment to empowering financial institutions with the technologies required to thrive.”
The collaboration between FPT and audax began in 2023 with product development efforts across Asia Pacific. It has since evolved into a strategic long-term alliance aimed at expanding their footprint within the fintech sector.
FPT Corporation operates globally across Technology, Telecommunications, and Education sectors. In 2024, it reported total revenue of USD 2.47 billion with over 54,000 employees worldwide.
audax Financial Technology empowers banks through its comprehensive digital solutions platform and has facilitated new business models for Standard Chartered under its SC nexus proposition.
For more information about FPT’s global IT services or audax Financial Technology's offerings, interested parties can visit their respective websites.