This collaboration is expected to bring in $100 million forFPT and audax through the provision of digital banking solutions that deliver a secure, innovative digital banking experience and are capable of meeting the expanding needs of financial institutions in the Asia Pacific and Middle East regions.
This strategic partnership strengthens the position of both FPT and audax in the digital banking sector in Asia Pacific and the Middle East, two of the world's most dynamic regions for financial technology (fintech).
According to the agreement, FPT becomes audax's largest regional partner in Asia Pacific and the Middle East. Leveraging its technological strengths in cloud-based application development, microservice architecture, integrated security throughout the software development lifecycle (DevSecOps), and agile software development models, FPT will play a crucial role in the development, testing, deployment, and long-term operational support of audax's digital banking platforms.
Given that a large segment of the Asia-Pacific population lacks full access to banking services, the collaboration between the two sides will not only support financial institutions in modernizing their systems and adopting advanced models such as multi-platform integrated finance and banking, but also promote financial inclusion and meet the growing demand for digital financial services.
The Asia Pacific digital banking market is projected to grow by 110%, reaching $360 billion by 2030, compared to 58% and $2.6 billion respectively in the Middle East, demonstrating the sector's potential for innovation and exceptional growth.
Mr. Pham Minh Tuan, Deputy General Director of FPT Group and General Director of FPT Software, affirmed: “Fintech is reshaping the global financial industry, creating an ever-increasing demand for technology partners capable of deploying and scaling advanced AI-integrated solutions. Along with our strong relationship with Standard Chartered Ventures, nurtured through numerous strategic projects, we are driving the digital transformation of the banking industry and helping customers easily access secure, future-oriented financial services.”
According to Kelvin Tan, CEO of audax: "The two parties will create a new benchmark in deploying flexible banking infrastructure, helping financial institutions modernize quickly and efficiently, while promoting inclusive financial solutions. This collaboration also contributes to realizing our vision of leading the digital transformation of the banking industry, supporting financial institutions to scale, seek growth opportunities, and embrace new business models, thereby promoting inclusive finance.”
FPT began collaborating with audax in 2023, initially to support product development and deployment in the Asia-Pacific market. Following positive results, the two parties elevated their relationship to a long-term strategic partnership, demonstrating FPT's growing capabilities in the fintech sector. FPT currently boasts a team of 3,000 fintech engineers, providing advanced solutions to over 200 global clients.
Source: https://doanhnghiepvn.vn/kinh-te/tai-chinh-ngan-hang/thuc-day-doi-moi-ngan-hang-so/20250702024139974
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