FPT, a Vietnamese IT services provider, has entered into a strategic partnership with audax Financial Technology, a digital banking solutions provider backed by Standard Chartered.
The collaboration aims to deliver digital banking services across Asia Pacific and the Middle East, with a revenue target of US$100 million over the next three years.
As part of the agreement, FPT becomes audax’s largest regional partner, taking on development, testing, deployment, and long-term operational support.
The partnership combines audax’s plug-and-play banking platform with FPT’s capabilities in cloud-native development, microservices, DevSecOps, and agile delivery.
The companies aim to help financial institutions modernise legacy systems and adopt models such as embedded finance and Banking-as-a-Service.
They said the collaboration could improve access to financial services in underbanked communities across the two regions.
This builds on a partnership that began in 2023, when FPT supported audax’s product development and rollout efforts in Asia Pacific.
It has since evolved into a long-term alliance, reinforcing FPT’s growing presence in fintech.
The company currently employs around 3,000 engineers in the sector and serves more than 200 global clients.
The Asia Pacific digital banking market is projected to reach US$360 billion by 2030, while the Middle East market is expected to grow to US$2.6 billion, according to figures cited by the companies.
“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,”
said Pham Minh Tuan, FPT Software CEO and EVP, FPT Corporation.
“We’re excited to join forces with FPT to deliver a flexible, cloud-native solution that meets the evolving needs of banks. Together, we’re setting a new benchmark for agile banking infrastructure, helping institutions modernise 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.”
said Kelvin Tan, CEO at audax.
