FPT, a Vietnamese IT providers supplier, has entered right into a strategic partnership with audax Monetary Expertise, a digital banking options supplier backed by Customary Chartered.
The collaboration goals to ship digital banking providers throughout Asia Pacific and the Center East, with a income goal of US$100 million over the following three years.
As a part of the settlement, FPT turns into audax’s largest regional companion, taking over improvement, testing, deployment, and long-term operational assist.
The partnership combines audax’s plug-and-play banking platform with FPT’s capabilities in cloud-native improvement, microservices, DevSecOps, and agile supply.
The businesses goal to assist monetary establishments modernise legacy programs and undertake fashions resembling embedded finance and Banking-as-a-Service.
They mentioned the collaboration may enhance entry to monetary providers in underbanked communities throughout the 2 areas.
This builds on a partnership that started in 2023, when FPT supported audax’s product improvement and rollout efforts in Asia Pacific.
It has since advanced right into a long-term alliance, reinforcing FPT’s rising presence in fintech.
The corporate at present employs round 3,000 engineers within the sector and serves greater than 200 world shoppers.
The Asia Pacific digital banking market is projected to succeed in US$360 billion by 2030, whereas the Center East market is anticipated to develop to US$2.6 billion, in keeping with figures cited by the businesses.
“Fintech is reshaping the worldwide monetary providers panorama, and there’s a rising demand for trusted companions able to delivering and scaling modern, AI-enabled options.
Constructing on our almost three many years of expertise within the monetary providers area, and a longstanding partnership with Customary Chartered Ventures throughout a number of strategic initiatives, we’ll speed up digital banking transformation and assist our clients increase entry to safe, future-ready monetary providers,”
mentioned Pham Minh Tuan, FPT Software program CEO and EVP, FPT Company.
“We’re excited to affix forces with FPT to ship a versatile, cloud-native answer that meets the evolving wants of banks. Collectively, we’re setting a brand new benchmark for agile banking infrastructure, serving to establishments modernise rapidly and effectively whereas driving monetary inclusion.
This partnership helps our imaginative and prescient to steer the digital transformation of banking, enabling monetary establishments to scale, unlock new development alternatives, and keep forward of the curve with modern enterprise fashions that drive monetary inclusion.”
mentioned Kelvin Tan, CEO at audax.
