Newsroom

A New Blueprint for Southeast Asian Banking

The region’s rapid digital transformation is evident in the dramatic shift from cash to digital payments, which now account for 50% of total transaction value. With their established networks and trust, banks are uniquely positioned to bridge this digital divide – but only if they can modernise their technology infrastructure efficiently.

Twin Engines, One Vision: Malaysia and Indonesia

How Malaysia and Indonesia are shaping the future of Islamic Finance in Southeast Asia

Banking’s Digital Imperative – Navigating Declining Return On Equity and the Path to Profitable Transformation

Explore the various strategies to tackle declining banking ROE, with modernisation pathways such as dual-mode evolution.

Understanding Cards-as-a-Service and the Power of Strategic Partnerships

Discover how Cards-as-a-service (CaaS) can help you launch and scale your card offerings efficiently and securely.

Bridging Horizons – Navigate BaaS adoption, risks and governance for banks and financial institutions

Discover actionable strategies to navigate the internal and external risks of BaaS.

Harmonising Progress: How audax’s tech bridges the future with legacy banking infrastructure

Learn how our tech stack at audax allows banks to adopt a dual-mode evolution.

The future of payments in Singapore: From outages to innovation with BaaS

The BaaS model will enhance the payments landscape by reducing technical debt, boosting agility, and scaling without compromising legacy systems.

Obsolete to Absolute, with Banking-as-a-Service

Discover Banking-as-a-Service (BaaS): From obsolete practices to absolute potential in tomorrow’s financial landscape.

Embedded Finance: The Reality Check for Banks

The era of digital banking transformation for traditional banks is dawning, and it heralds the age of Embedded Finance.

audax and FPT Cements Strategic Partnership

This partnership brings together FPT’s cloud-native development, testing, and long-term operational expertise with audax’s digital banking platform — accelerating digital banking across Asia Pacific and the Middle East.

audax and AWS Appointed to Drive Maybank Islamic’s Digital Transformation

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.

audax and Tuum Partner to Accelerate Digital Transformation for Financial Institutions

Combining audax’s proven ability to deliver digital banking solutions in as fast as six months with Tuum’s modular, API-first, and microservices-driven architecture to empower financial institutions to modernise at their own pace.

Transforming Banking: The Power Partnership of Jeel and audax

Enabling migration from legacy systems and flexible business models including BaaS, digital banks, super apps, and open banking solutions.

audax & Synpulse Establish Strategic Partnership

This partnership delivers tailored, customer-centric solutions for incumbent banks & financial institutions to modernise infrastructure.

audax & Paymentology Forge Strategic Partnership

This strategic partnership aims to provide an end to end Cards-as-a-Service solution.

audax & Thought Machine Announce Strategic Partnership

Learn how this partnership delivers innovative digital banking and BaaS solutions.

SC Ventures launches audax Financial Technology to help financial institutions accelerate digital banking capabilities

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, launches audax Financial Technology (“audax”), a digital banking technology solutions provider.

Bukalapak and Standard Chartered launch BukaTabungan

We launched BukaTabungan, a digital banking service that provides access to financial products and services for Bukalapak’s ecosystem.

Standard Chartered partners beauty e-commerce platform, Sociolla

Our partnership with tech and beauty platform Sociolla will focus on empowering 30 million female millenials across Indonesia with financial literacy and improved financial access.

TNG Global: Standard Chartered-backed audax eyes opportunities in SE Asia & Gulf Nations Islamic Finance Ecosystem

Malaysia’s dynamic fintech ecosystem and strong regulatory support are driving its rise as a global leader in scalable, inclusive, and Shariah-compliant digital finance.

FINCIRCLE, Fintech Playbook: Recognizing the rising demand for a seamless digital banking experience

As fintech matures, the focus shifts from disruption to building scalable, modular foundations that enable banks to adapt swiftly and serve digitally underserved markets.

BERNAMA: Digital Banks must realign strategies to serve B40

Financial inclusion in Malaysia’s digital age goes beyond technology, it’s about removing barriers, reaching people where they are, and making banking relevant and rewarding

Fintech News My: The future of Islamic Digital Banking: Malaysia’s Role and ASEAN’s Big Opportunity

As Malaysia leads the charge, the Islamic banking industry is undergoing a transformative shift that will reshape both its future and the global financial landscape—where digital transformation means creating value-driven, ethical banking experiences that serve people worldwide.

The Nation: ASEAN Fintech Landscape Evolves as Thailand Embraces Virtual Banking

Thailand is bolstering its fintech role in ASEAN through regulation and ecosystem growth, while Singapore and Indonesia lead expansion. Established banks are embracing cultural shifts to foster innovation and cultivate an adaptive mindset.

The Jakarta Post: Southeast Asia jurisdiction lighthouse for sharia-compliant innovation

As Southeast Asia – led by Indonesia and Malaysia advances as a global leader in Shariah-compliant finance through digital innovation and collaboration, banks must actively embrace modernization, foster strategic partnerships, and work closely with regulators to ensure sustainable and inclusive growth.

News @ DailySocial: Transformasi Digital Perbankan di Indonesia: Tren dan Tantangan

Indonesia’s digital banking landscape is evolving rapidly, fueled by mobile innovation and emerging technologies, compelling traditional banks to adopt AI and cloud solutions to stay relevant and secure.

Nikkei Asia: Islamic finance expands beyond Malaysia in Southeast Asia

With Southeast Asia’s Islamic finance sector rapidly growing – led by Malaysia’s mature market and Indonesia’s expanding Muslim population, innovating Sharia-compliant digital solutions is essential to capture the $290 billion opportunity and meet rising customer expectations.

Indonesia Business Post: Banking-as-a-Service drives Financial Inclusion in Indonesia

Indonesia’s financial ecosystem is rapidly evolving through Banking-as-a-Service, and banks must collaborate with digital platforms and adopt secure, scalable BaaS solutions to extend financial access to millions of underbanked and drive inclusive growth.

Indonesia Business Post: audax partners with Maybank to redefine digital Islamic banking in Indonesia

As Islamic banking experiences rapid growth, tailoring digital banking products to strictly adhere to Sharia principles is essential to ensure compliance and uphold Islamic financial standards.

Mind Your Business: What you need to know about audax’s game-changing digital banking masterplan

From pioneering innovative banking solutions to driving tech-enabled convenience, Fernn Lim, COO at audax , shares how audax is leading the charge – and reflects on her journey as one of the industry’s top women leaders and entrepreneurs.

Money Matters – Right Business: The Singapore BaaS firm democratizing digital banking services

Banking-as-a-Service is democratising finance by making digital banking more accessible, and banks must modernise to stay relevant in an increasingly inclusive financial landscape.

PULSE Check Podcast by Synpulse: Breaking the Mould: The Rise of Banking-as-a-Service

Banking-as-a-Service is transforming the financial world, empowering companies to embed banking products directly into their platforms through seamless API integration. On the PULSE Check Podcast, our CEO shared how audax evolved from a business within a bank into a thriving technology provider—turning early skepticism into success.

DealStreetAsia: Indonesia’s digital banks chart new course with eye on profitable growth

Indonesia’s digital banking landscape has undergone a huge change since the launch of the country’s first tech-based bank in 2016. But eight years on, the key question is whether the industry has the ability to build a sustainable business model that can, in time, generate consistent profits.

e27: A new blueprint for modernising Southeast Asian banking for the digital future

With their established networks and trust, banks are uniquely positioned to bridge Southeast Asia’s digital divide — but only if they can modernise their technology infrastructure efficiently.

Pitchbook: Q4 2024 Exploring APAC’s Fintech Pathways: Part IV: Greater China

The BaaS landscape is taking unique shapes across the globe, with Asia leading the way in creating streamlined, scalable solutions that empower both banks and platform companies. Our CEO recently spoke with PitchBook about the distinct BaaS models emerging in the US, Europe, and Asia—and why he believes the Asian model stands out.

EuroMoney: BaaS models buffeted by industry headwinds

“Some BaaS providers expanded too quickly, and now financial institutions are seeking partners whose solutions balance innovation and control,” says Karthik Sethuraman, our CDRO, emphasising the need for sustainable growth models in the sector.

Forbes: Riding The Tech Wave: How MENA Banks Can Embrace Digital Investment Solutions

Traditional banking institutions, pillars of economic stability for decades, are embarking on a journey of reinvention. With the advent of digital technology, the finance landscape is maturing, compelling these venerable institutions to adapt or risk obsolescence.

IBS Intelligence: How traditional banks are embracing Open Banking in a digitally savvy era

Gloria Mathias of IBS Intelligence speaks with Chief Product & Technology Officer, Mathias Faure, on the adaptation of Open Banking by traditional banks and financial institutions in an era of growing digital maturity.

audax selected as part of Mastercard Start Path 2024 program

Mastercard is introducing nine fintechs to the Start Path Open Banking and Embedded Finance program, supporting them on their scaling journey and shared mission to transform the financial services landscape by powering experiences that enable consumer and small business choice.

S’pore firms rethink workplace policies ahead of new flexi-work guidelines

The recently announced guidelines on flexible work arrangements have prompted Singapore-based companies to rethink their workplace policies. Fernn Lim, Chief Operating Officer of audax, gives her input on this.

Standard Chartered Offers Banking As A Service (BaaS) Through audax

SC Ventures has spun off a digital banking technology solutions provider, audax, which offers a plug-and-play technology stack that enables banks and financial institutions to set up a digital bank or provide Banking as a Service (BaaS).

Standard Chartered goes bullish on BaaS

Standard Chartered is harnessing its regulatory risk experience and cyber security know-how to bet big on banking-as-a-service powered by digital banking platform provider audax, senior figures at the bank say. It comes as new figures from KPMG show global revenue from BaaS is expected to more than triple between 2022 and 2027.

Budget 2024: Start-ups hope for support in digitalisation, upskilling and overseas expansion

To keep abreast of the developments, 2024’s Budget should have initiatives aimed at improving the open banking ecosystem and facilitating digital transformation for traditional banks, Kelvin Tan, CEO of audax said.