audax, a digital banking technology solutions provider backed by Standard Chartered, and global consultancy Synpulse have partnered to modernise banking infrastructure for financial institutions.
The collaboration focuses on integrating advanced digital banking technology with Synpulse’s expertise to enable banks to upgrade existing systems and transition to cloud-based platforms without disrupting operations.
The partnership allows banks to migrate to scalable and secure cloud environments, helping them manage large customer bases more effectively.
By leveraging dual-mode infrastructure upgrades, banks can modernise their digital systems while maintaining existing operations, avoiding costly and time-consuming overhauls.
This solution also facilitates embedded finance and contextual banking, allowing banks to offer financial services through partner ecosystems via a Banking-as-a-Service (BaaS) model.
This is particularly relevant for underbanked regions in Southeast Asia and the Middle East, where financial inclusion remains a priority.
The collaboration aims to deliver essential services to underserved populations while enhancing offerings for digital-savvy customers in more developed markets.
Banks can expect streamlined implementation of these modernised systems within six months with the combined expertise of audax and Synpulse.
This ensures efficient integration and rapid deployment of new technologies.
Mike Breen, Chief Commercial Officer at audax said,
“We are excited to combine audax’s expertise with Synpulse and bring to life this flexible, cloud-centric solution to infrastructure modernisation. Together, we look forward to enabling banks to future-proof their technology stack.
By leveraging our combined strengths, we’re setting a new standard for agile, resilient banking infrastructure that paves the way for greater financial inclusion and service innovation.”
Andreas Neidhart-Lau, Head of Retail & SME Banking APAC at Synpulse, added,
“Our collaboration with audax marks a significant milestone in our commitment to helping financial institutions thrive in a rapidly changing landscape.
This partnership is about more than upgrading systems; we’re accelerating the pace of innovation, creating operational efficiencies, and fostering more inclusive financial ecosystems.”
Featured image credit: Edited from Freepik
