• Targeting USD 100M Revenue: FPT and audax Financial Technology aim to generate USD 100 million in revenue over the next three years, driving digital banking innovation across Asia Pacific and the Middle East.

• Strategic Regional Partnership: FPT becomes audax’s partner in Asia Pacific and the Middle East, providing expertise in cloud-native development, testing, and long-term operational support to accelerate digital banking transformation.

• Empowering Financial Inclusion: By leveraging audax’s plug-and-play digital banking platform and FPT’s robust integration capabilities, the partnership will empower financial institutions to modernize legacy systems, adopt Banking-as-a-Service, and drive financial inclusion across underbanked populations.

HO CHI MINH CITY, Vietnam, [2 Jul 2025] – Global IT services provider FPT has formed a strategic alliance with audax Financial Technology (audax), a comprehensive digital banking technology solutions provider backed by Standard Chartered. This partnership aims to deliver scalable, secure, and innovative digital banking experiences to financial institutions across the fast-growing Asia Pacific and Middle East regions, with a target revenue of USD 100 million over three years.

Under this agreement, FPT becomes audax’s largest regional partner in Asia Pacific, taking on a key role in development, testing, deployment, and long-term operational support. The partnership combines audax’s plug-and-play digital banking platform with FPT’s deep capabilities in cloud-native development, microservices architecture, DevSecOps, and agile delivery. With significant portions of the population in Asia Pacific remaining underbanked, this joint offering empowers financial institutions to modernise legacy systems and enhance new ones, while adopting innovative models such as embedded finance and Banking-as-a-Service to drive financial inclusion and meet the growing demand for digital financial services.

This strategic partnership positions FPT and audax to strengthen their presence in the digital banking solutions market in Asia Pacific and the Middle East, two of the world’s most dynamic fintech regions. The Asia Pacific digital banking market is projected to surge by 110%, reaching USD 360 billion by 2030, while the Middle East digital banking market is expected to grow by 58%, hitting USD 2.6 billion by 2030. These figures underscore the immense potential for innovation and growth.

Pham Minh Tuan, FPT Software Chief Executive Officer and Executive Vice President, FPT Corporation stated: “Fintech is reshaping the global financial services landscape, and there is a growing demand for trusted partners capable of delivering and scaling innovative, AI-enabled solutions. Building on our nearly three decades of experience in the financial services domain, and a longstanding partnership with Standard Chartered Ventures across multiple strategic projects, we will accelerate digital banking transformation and help our customers expand access to secure, future-ready financial services.”

Kelvin Tan, Chief Executive Officer at audax highlighted: “We’re excited to join forces with FPT to deliver a flexible, cloud-native solution that meets the evolving needs of banks. Together, we’re setting a new benchmark for agile banking infrastructure, helping institutions modernise quickly and efficiently while driving financial inclusion. This partnership supports our vision to lead the digital transformation of banking, enabling financial institutions to scale, unlock new growth opportunities, and stay ahead of the curve with innovative business models that drive financial inclusion.”

David Nguyen Tran Hung, FPT Software Senior Vice President and FPT Asia Pacific Chief Executive Officer, FPT Corporation, added on: “This strategic alliance marks a defining milestone in our pursuit to accelerate the digital transformation of the financial services industry. By integrating our strengths, we are uniquely positioned to help banks future-proof their operations and unlock new revenue opportunities at scale. Fundamentally, this collaboration reflects a shared commitment to empowering financial institutions with the technologies required to thrive in a rapidly evolving digital economy.”

FPT and audax began their collaboration in 2023, with FPT supporting product development and market rollouts across Asia Pacific. The partnership has evolved from a product development and program-based engagement into a strategic, long-term alliance, reinforcing FPT’s expanding footprint in the fintech sector. In this sector, FPT boasts a workforce of 3,000 engineers, delivering innovative solutions to more than 200 clients worldwide.

About FPT Corporation

FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. Committed to elevating Vietnam’s position on the global tech map and delivering world-class solutions for global enterprises, the Corporation focuses on five strategic areas: Artificial Intelligence, Automotive, Semiconductor, Digital Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses.

For more information about FPT’s global IT services, please visit https://fptsoftware.com/.

About audax Financial Technology

audax Financial Technology is a comprehensive digital banking solutions provider empowering banks and financial institutions to scale and modernise at speed. audax has enabled new business models and revenue streams for Standard Chartered under the SC nexus proposition, becoming the first global bank to provide Banking-as-a-Service in Asia.

For more information, please visit www.audax.io and follow audax on LinkedIn.

• audax Leading the Digital Revolution in Islamic Banking: With its comprehensive digital banking platform, audax is set to transform Maybank Islamic’s offerings, delivering modern, customer-centric digital banking solutions built on AWS’s secure cloud infrastructure across priority markets.
• Innovating for Growth in Islamic Finance: Leveraging audax’s expertise, this collaboration aims to capitalise on the Islamic finance sector’s projected growth, set to reach US$4.94 trillion by 2025, with Southeast Asia contributing 22% of the global assets.
• Seamless, Inclusive and Compliant Digital Banking Experiences: audax enables Maybank Islamic to offer paperless, real-time onboarding and instant access to digital services while aligning to Islamic finance principles.

KUALA LUMPUR, 21 Jan 2025 – 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 and the leading provider of Islamic financial products and services in ASEAN, as its strategic 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.

As the technology partner behind Asia’s first Banking-as-a-Service (BaaS) offering by a global bank, audax has demonstrated its ability to transform digital banking experiences. audax is now bringing this 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 secure deployment. This solution not only meets customer needs with agility, but also enables compliance with Islamic finance principles, reinforcing audax’s commitment to delivering inclusive and innovative banking solutions at scale.

This is only the beginning – audax’s scalable, cloud-native platform is designed to empower other banks and financial institutions in the region to better serve their customers. The global Islamic finance market is projected to reach US$4.94 trillion by 2025, with Southeast Asia contributing 22% of the world’s Islamic financial assets. By leveraging audax’s expertise, Maybank Islamic is poised to not only enhance its capabilities but also set the stage for future advancements in Islamic banking across ASEAN and beyond.

Kelvin Tan, CEO of audax, commented, “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. This collaboration underscores our commitment to delivering customer-first solutions that are seamless, inclusive, and fully compliant with Islamic finance principles, in line with Maybank’s M25+ strategy. We are confident that audax’s expertise and AWS’s secure cloud infrastructure will empower us to better serve our customers 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, “AWS is the only global cloud service provider to have launched infrastructure regions in Malaysia, Singapore, Indonesia, and Thailand in ASEAN. Leveraging this unparalleled investment in Southeast Asia, Maybank Islamic can now offer services that anticipate their end customer needs, continuously optimize operational performance, and deliver innovative, cutting-edge Islamic banking services that are secure, scalable, and customer-centric. 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 democratize financial access across ASEAN.”

About audax Financial Technology

audax Financial Technology is a comprehensive digital banking solutions provider empowering banks and financial institutions to scale and modernise at speed. audax Financial Technology has enabled new business models and revenue streams for Standard Chartered under the SC nexus proposition, becoming the first global bank to provide Banking-as-a-Service in Asia.

For more information, please visit www.audax.io and follow audax on LinkedIn.

About Maybank Islamic Berhad

Maybank Islamic is the largest Islamic bank in Asia Pacific and Malaysia and one of the world’s largest in terms of assets. As a leading player in Islamic finance, Maybank Islamic continues to spearhead the Islamic banking and finance industry through cross-border business, regional leadership in retail and investment banking in Southeast Asia and the development of new, innovative and competitive propositions.

With continuous support from its parent bank, Maybank and combined with strong commitment delivered by skilled and experienced staff, Maybank Islamic has successfully strengthened the identity and achievements of the Maybank Group in Islamic banking, both at home and beyond Malaysia. Its portfolio of diversified products and services are available through a network of over 350 Maybank branches in Malaysia, as well as in Indonesia, Singapore, Hong Kong, London and Dubai.