FPT has just established a strategic partnership with audax Financial Technology (audax) - a company providing comprehensive technology solutions for digital banking, invested by Standard Chartered.
This cooperation is expected to bring in 100 million USD for FPT and audax through providing digital banking solutions that bring a safe, innovative digital banking experience and are capable of meeting the expansion needs of financial institutions in the Asia- Pacific and Middle East regions.
This strategic partnership strengthens the position of both FPT and audax in the digital banking sector in Asia-Pacific and the Middle East, two of the world's most dynamic regions in financial technology (fintech).
FPT joins hands with audax Financial Technology - a company invested by Standard Chartered, to promote comprehensive digital transformation of the banking and finance industry in the Asia-Pacific and Middle East regions.
Under the agreement, FPT becomes audax’s largest regional partner in Asia Pacific and the Middle East. Accordingly, based on its technological strengths in developing cloud-native applications, microservice architecture, integrating security throughout the software development lifecycle (DevSecOps) and agile software development model (Agile), FPT will play a key role in the development, testing, deployment and long-term operational support of audax’s digital banking platforms.
In the context that a large part of the Asia-Pacific population does not have full access to banking services, the cooperation between the two sides not only supports financial institutions to modernize their systems, apply advanced models such as multi-platform integrated finance and banking, to promote financial inclusion and meet the growing demand for digital financial services.
The Asia-Pacific digital banking market is forecast to grow by 110% to reach US$360 billion by 2030, with the Middle East growing by 58% and US$2.6 billion respectively, demonstrating the sector’s potential for innovation and growth.
“Fintech is reshaping the global financial industry, creating an increasing demand for technology partners with the capacity to deploy and scale advanced AI-integrated solutions,” said Pham Minh Tuan, Deputy General Director of FPT Corporation and General Director of FPT Software.
"With nearly 30 years of experience in the banking and finance sector, and a strong relationship with Standard Chartered Ventures nurtured through many strategic projects, we are promoting the digital transformation of the banking industry and helping customers easily access safe, future-oriented financial services," affirmed Mr. Pham Minh Tuan.
“We are delighted to partner with FPT to deliver a flexible, cloud-native digital banking solution that meets the ever-changing needs of the market,” said Kelvin Tan, CEO of audax. “The two parties will set a new standard in deploying flexible banking infrastructure, helping financial institutions modernize quickly and efficiently, while promoting financial inclusion.”
"This partnership also contributes to our vision of leading the digital transformation of the banking industry, supporting financial institutions to scale up, seek growth opportunities and embrace new business models, promoting financial inclusion," added Mr. Kelvin Tan.
FPT started cooperating with audax in 2023, with the role of supporting product development and deployment in the Asia-Pacific market. After positive results, the two sides upgraded the relationship to a long-term strategic partnership, demonstrating FPT's growing capacity in the fintech field. FPT currently owns a team of 3,000 financial technology engineers, providing advanced solutions to more than 200 global customers.
audax Financial Technology is a provider of end-to-end digital banking solutions that help banks and financial institutions scale and modernize rapidly. audax has supported Standard Chartered in implementing new business models and revenue streams under its SC nexus initiative, making the bank the first global bank to offer a Banking-as-a-Service model in Asia.
Source: https://nhandan.vn/fpt-va-audax-ky-hop-tac-tri-gia-100-trieu-usd-nham-thuc-day-ngan-hang-so-post891150.html
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