12.9 C
London
Sunday, May 26, 2024
HomeBankingStandard Chartered Ventures launches new BaaS fintech Audax

Standard Chartered Ventures launches new BaaS fintech Audax

Date:

SC Ventures launches Audax Financial Technology, a Banking-as-a-Service (BaaS) platform, aiming to accelerate digital transformation for banks and financial institutions in Asia.

Facts

  • Audax, launched by SC Ventures, offers BaaS solutions to drive digital transformation and create new revenue streams for banks.
  • It serves two use cases: digital banking and BaaS, offering an end-to-end digital banking platform capable of handling millions of customer data concurrently.
  • Audax is “infrastructure-agnostic,” seamlessly integrating with banks’ core systems without the need for costly migration or in-house development.
  • Audax also leads Standard Chartered’s BaaS offering, SC Nexus, making it the first global bank to provide BaaS in Asia.
  • The partnership with Bukalapak showcases Audax’s success in providing paperless, digital banking access to over 150 million users and 20 million business owners.
  • Audax is headquartered in Singapore and primarily focuses on the Asia Pacific (APAC) region, with Kelvin Tan as CEO, leveraging his incumbent team’s expertise.

Related stories

FE fundinfo snaps up wealth management fintech Dericon

Acquisition Details:Acquirer: FE fundinfo, a UK-based financial...

LGT in Liechtenstein taps Finastra for instant payments

Partnership Announcement:Entities Involved: LGT (private banking and...

Spanish paytech PayRetailers acquires Transfeera to drive Brazilian expansion

Overview:Acquirer: Spanish paytech PayRetailers. Target: Transfeera, a Brazilian...

Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants

Overview:Participants: Spanish banking giant Santander and payment services...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img