audax taps AWS Partner Network to bring its plug-and-play banking stack to more banks in Asia Pacific and the Middle East.

Backed by Standard Chartered, the Singapore-based fintech says the partnership with Amazon Web Services will help banks and financial institutions modernise systems, address infrastructure challenges and speed up digital transformation projects across both regions.

By joining the AWS Partner Network, audax gains access to AWS’ technical expertise, advanced technologies and infrastructure resources, enabling it to deliver scalable, cloud-based solutions with greater speed and reliability.

The company provides a full-stack digital banking platform with pre-integrated modules for onboarding, origination, payments, deposits and lending, designed to sit alongside existing core systems and deploy in as little as six months.

audax has been appointed by Maybank Islamic to lead its digital transformation on AWS across Southeast Asia.

It is also working with Jeel, the digital innovation arm of Riyad Bank, to roll out new banking capabilities in Saudi Arabia.

Digital banking adoption in Asia Pacific is accelerating, with digital payments up 14% and digital lending rising 22% in Southeast Asia in 2024.

audax says its platform helps incumbent and new banks upgrade legacy systems without operational disruption while launching new digital services.

“We’re seeing tremendous demand from new and incumbent banks in the Asia Pacific, the Middle East and further afield, looking to launch new digital services and modernise their technology. This represents a significant milestone in democratising access to world-class digital banking technology.

Joining the AWS Partner Network empowers us to meet our customers’ distinctive needs through secure, compliant, and agile cloud solutions, which is central to our go-to-market strategy,”

said Mike Breen, Chief Commercial Officer of audax.

Featured image: Edited by Fintech News Singapore, based on image by digitizesc via Freepik