10x Banking, a cloud-native core banking platform, has partnered with audax, a digital banking technology provider supported by Standard Chartered, to help banks in Asia Pacific, Europe and the Middle East modernise their core systems and expand digital offerings.
Research by 10x Banking indicates that 93% of APAC banking leaders consider the right platform critical to future success, yet two-thirds remain concerned about migration risk.
In APAC, 67% of executives acknowledge they are falling behind in digital transformation, while only 8% prioritise core banking.
Fintech in the region is expected to grow at over 21% CAGR through 2028, as QR payments, digital wallets, and cross-border transactions drive expansion.
The partnership allows audax to deploy digital banking capabilities in as little as six months while banks use 10x Banking’s platform, adopted by institutions including Chase UK, Westpac and Old Mutual.
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.”
10x Banking processes over a billion real-time transactions annually and maintains 99.99% uptime.
It can also onboard 60,000 customers in a single day.
audax has implemented digital banking solutions integrated with ecosystem platforms serving over 150 million users.
The company is also leading Maybank Islamic’s digital transformation.
Together, the firms help banks modernise infrastructure incrementally and reduce technical debt.
They also support the introduction of new services such as Banking-as-a-Service, digital wallets, and super apps.
The partnership ensures compliance across diverse regulatory environments.
Featured image credit: Edited by Fintech News Singapore, based on image by Borin via Freepik
