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FPT & Audax Partner to Target $100M Revenue Together

FPT

Global IT services leader FPT has entered a strategic partnership with audax Financial Technology (audax), a digital banking solutions provider backed by Standard Chartered, to transform the digital banking landscape across the Asia Pacific and Middle East regions. With a shared vision to drive financial inclusion and modernization, the partnership targets a revenue goal of USD 100 million over the next three years.

As part of this alliance, FPT has become audax’s largest regional partner in Asia Pacific, taking the lead in development, testing, deployment, and long-term operational support. The partnership synergizes audax’s plug-and-play digital banking platform with FPT’s proven expertise in cloud-native development, microservices architecture, DevSecOps, and agile delivery methodologies.

With a significant portion of the Asia Pacific population still underbanked, the joint solution aims to support financial institutions in replacing outdated core systems and embracing next-generation models such as embedded finance and Banking-as-a-Service (BaaS). These innovations are key to meeting rising consumer expectations and driving inclusive financial growth.

The alliance is strategically timed, as both regions are witnessing rapid fintech acceleration. The Asia Pacific digital banking market is expected to grow by 110% to reach USD 360 billion by 2030, while the Middle East market is projected to expand by 58%, hitting USD 2.6 billion in the same period. These figures highlight substantial opportunities for innovation and market expansion.

“Fintech is reshaping the global financial services landscape, and there is a growing demand for trusted partners capable of delivering and scaling innovative, AI-enabled solutions. Building on our nearly three decades of experience in the financial services domain, and a longstanding partnership with Standard Chartered Ventures across multiple strategic projects, we will accelerate digital banking transformation and help our customers expand access to secure, future-ready financial services,” stated Pham Minh Tuan, FPT Software Chief Executive Officer and Executive Vice President, FPT Corporation.

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“We’re excited to join forces with FPT to deliver a flexible, cloud-native solution that meets the evolving needs of banks,” said Kelvin Tan, Chief Executive Officer at audax. “Together, we’re setting a new benchmark for agile banking infrastructure, helping institutions modernize quickly and efficiently while driving financial inclusion. This partnership supports our vision to lead the digital transformation of banking, enabling financial institutions to scale, unlock new growth opportunities, and stay ahead of the curve with innovative business models that drive financial inclusion.”

“This strategic alliance marks a defining milestone in our pursuit to accelerate the digital transformation of the financial services industry,” David Nguyen Tran Hung, FPT Software Senior Vice President and FPT Asia Pacific Chief Executive Officer, FPT Corporation, emphasized. “By integrating our strengths, we are uniquely positioned to help banks future-proof their operations and unlock new revenue opportunities at scale. Fundamentally, this collaboration reflects a shared commitment to empowering financial institutions with the technologies required to thrive in a rapidly evolving digital economy,” he added.

FPT and audax initiated their collaboration in 2023, focusing on product development and regional rollouts. What began as a program-based partnership has now matured into a long-term strategic alliance. This development underscores FPT’s growing presence in the fintech sector, where the company supports over 200 global clients through a dedicated team of 3,000 engineers delivering cutting-edge digital solutions.