audax Partners with 10x Banking to Accelerate Digital Banking Modernisation Across APAC, Europe, and the Middle East
SINGAPORE, 8 December 2025 – 10x Banking, the cloud-native core banking platform, has partnered with audax Financial Technology (“audax”), a comprehensive digital banking technology solutions provider supported by Standard Chartered, to transform how banks in Asia Pacific, Europe and the Middle East scale new digital offerings and modernise their core banking services.
Research from 10x Banking shows banks now view failure to modernise core systems as an existential risk, with 93% of APAC leaders admitting the right platform is critical to future success, even as two-thirds remain concerned about migration risk. In APAC, 67% of banking executives say they are falling behind on digital transformation, yet only 8% are prioritising core banking, highlighting the disconnect between recognition and action. Meanwhile, the digital payment and fintech markets are experiencing unprecedented growth, with the fintech segment in APAC projected to expand at over 21% CAGR* annually through 2028. In this rapidly evolving landscape of QR payments, digital wallets, and cross-border payments, banks must modernise their core infrastructure to compete effectively while meeting customers’ increasing digital expectations.
To capture the full potential of this growth, banks need both the agility to innovate quickly and the resilience to scale securely. The 10x Banking and audax partnership combines audax’s ability to launch digital banking capabilities in as fast as six months, with 10x Banking’s proven meta platform, trusted by leading banks including Chase UK, Westpac, and Old Mutual. This delivers front-end agility and back-end resilience, enabling banks to break through legacy system limitations and capitalise on market growth opportunities without the risks and costs of traditional core system overhauls.
Partnership Proven at Scale
10x Banking processes over a billion real-time transactions annually, with 99.99% uptime and the ability to power 100k transactions per second. Banks on the 10x platform are equipped to scale exponentially, with the ability to onboard 60k customers in a single day. 10x Banking also brings a proven track record with tier-one banks across APAC including: The Co-operative Bank and Westpac, driving rapid customer adoption through embedded ecosystem distribution. audax brings proven expertise in enabling modern banking systems having been recently appointed by Maybank Islamic, the leading provider of Islamic financial products and services in ASEAN, to spearhead their digital transformation and enable Shariah-compliant digital financial services across Southeast Asia. The company has also successfully delivered digital banking solutions integrated within ecosystem platforms serving over 150 million users.
Modernisation Without the Wait
Together, the companies will enable banks to launch new digital services rapidly compared to existing legacy core systems, reaching new customer segments while modernising core infrastructure incrementally, reducing the maze of legacy integrations and overall technical debt, while opening the door to new business models such as Banking-as-a-Service, digital wallets, and super apps. Built-in compliance-as-code ensures institutions can stay ahead of regulatory requirements across diverse markets.
Antony Jenkins, Founder and CEO of 10x Banking, said: “This partnership shows banks don’t need to choose between speed and resilience, they can have both. By combining 10x Banking’s modern core with audax’s digital agility, banks in high-growth regions can innovate at pace, minimise risk, and deliver lasting customer value.”
Kelvin Tan, CEO of audax, added: “Traditional core banking projects take years and cost tens of millions. Our partnership with 10x Banking changes that equation entirely, banks can launch full digital services in as fast as six months for a fraction of the cost. That’s the difference between a digital banking project that only works for major cities versus one that can also reach underserved markets across the regions we serve.”
Meeting Urgent Market Needs
With many banks across APAC and MENA still operating legacy infrastructure, the partnership addresses urgent modernisation needs while enabling new revenue opportunities in rapidly digitising markets.
10x Banking is the first and only B Corp-certified core banking platform, handling 6 billion API calls a month and generating more than 3 million statements an hour for global institutions. audax, with its Standard Chartered heritage, brings proven regulatory expertise and deep in-market knowledge across complex banking and regulatory environments.
10x Banking
10x Banking is a cloud-native core banking platform for financial institutions and their partners. Founded by former banking executives and built by technologists, the 10x Banking platform empowers its customers with best-in-class security, scalability and speed.
Proven across transformational deployments including Westpac, Chase and Old Mutual, 10x Banking offers banks the fastest, most cost-effective and derisked path to full cloud-native transformation through its unique ‘meta core’ approach. Its scalable, resilient, and flexible technology is built to empower financial institutions to better serve their customers and communities. 10x Banking is a B-Corp certified business with local presence in London, UK, Sydney, Australia and Singapore and is funded by a portfolio of world-class investors including BlackRock and J.P. Morgan.
audax Financial Technology
audax Financial Technology is a comprehensive digital banking solutions provider empowering banks and financial institutions to scale and modernise at speed. Supported by Standard Chartered, audax enabled the first Banking-as-a-Service offering by a global bank in Asia. Today, audax brings its expertise to banks globally, helping them unlock new business models and revenue streams for growth.
