audax

"Bridging divides, driving innovation, unlocking potential." That’s how Mathias Faure, Chief Product & Technology Officer at audax, captures the pivotal role of Southeast Asian banks in shaping the region’s digital future. With half of all transaction value now digital, banks are uniquely positioned to address the digital divide outside urban centers. But legacy systems and complex regulations create hurdles. Mathias highlights how unified, modular banking platforms can empower banks to modernise efficiently—launching scalable, secure services in as fast as six months while meeting diverse regulatory and user needs. Read the full article here 🔗 https://lnkd.in/gePbZ_g5 At audax, we’re committed to helping financial institutions unlock Southeast Asia’s $38 billion digital banking potential. By transforming operations without disruption, banks can reach underserved communities, scale rapidly, and shape the region’s digital future. Discover how audax enables banks to achieve full digital transformation and create lasting impact 👉 https://lnkd.in/gaNHsaJT #audax #SoutheastAsia #DigitalBanking #FinancialInnovation #BankingTransformation #yeswecanlah  

“Evolving. Forward-looking. Promising.” – that’s how Mike Breen, Chief Commercial Officer at audax, describes the Middle East’s fintech landscape in his recent interview with Finance Middle East. With forward-thinking banks and supportive regulatory bodies, the region is rapidly becoming a global leader in fintech innovation. At audax, we’re thrilled to be part of this journey, providing plug-and-play digital banking solutions that power regional banks and financial institutions to build future-ready, customer-centric offerings. With technology that accelerates scalability and simplifies compliance, we help our clients meet the needs of MENA’s digitally-savvy population and achieve rapid, sustainable growth. The region’s fintech potential is unmatched - audax will continue to invest in strong partnerships to extend our capabilities and better support the growth in the region by enabling a more connected, inclusive financial ecosystem. Read the full interview here 🔗 https://lnkd.in/g9zuEZVs Discover how audax empowers banks to achieve full digital transformation in as fast as six months while prioritising secure, scalable solutions 👉 https://lnkd.in/giMWuwny #audax #MiddleEastFintech #DigitalBanking #FinancialInnovation #FintechTransformation

Incumbent banks and financial institutions face mounting pressure as banking Return on Equity (ROE) declines (projected to drop below 7.2% by 2030) and competition from agile digital challengers intensifies, reshaping the financial landscape. The question is: how can traditional institutions modernise, innovate, and thrive in this new reality? Our latest eBook, co-authored with Synpulse and Amazon Web Services (AWS), provides a practical roadmap to address the ROE challenge by leveraging open finance solutions such as Banking-as-a-Service (BaaS), digital banking, and incremental modernisation strategies. 🔑 Key Takeaways: 📉 ROE Insights: Dive into global trends driving profitability challenges.   📈 Strategic Solutions: Enhance customer experiences and grow ecosystems with BaaS and digital banking.   ⚙️ Modernisation Made Easy: Explore dual-mode evolution for progressive infrastructure transformation.   ✨ Proven Impact: Case studies like audax powering Standard Chartered & Bukalapak’s digital banking service highlight how ecosystem partnerships drive real-world results.  👉 Download the eBook now: https://lnkd.in/gzi2hxyc Mike Breen Indra Salim Rahul Bansal Hilda Yap Felix Thummernicht Yukiko Lent (Kanamori) Kelvin Tan Fernn Lim Junquan Yeo Jianing Chen Wenting Chen #audax #BankingModernisation #BankingInnovation #OpenFinance #DigitalBanking #BaaS #BankingasaService #EmbeddedFinance

🎉 Our CEO, Kelvin Tan, has been nominated under the ‘Visionaries’ category at the PT100 Awards 2024! This recognition celebrates Kelvin’s transformative leadership and audax’s commitment to enabling scalable, digital-first banking solutions for financial institutions worldwide. More on the event here: https://kinfos.events/pt/ #PT100 #PaymentsTransformers #FintechInnovation #DigitalBanking #BankingasaService #BaaS #EmbeddedFinance #audax #yeswecanlah

The Banking-as-a-Service (BaaS) landscape is taking unique shapes across the globe, with Asia leading the way in creating streamlined, scalable solutions that empower both banks and platform companies. Our CEO Kelvin Tan recently spoke with PitchBook about the distinct BaaS models emerging in the US, Europe, and Asia—and why he believes the Asian model stands out. While the US and European models rely on a tech intermediary between the bank and the platform user, Asia's model does away with this extra layer. "In Asia, the bank directly integrates with the platform company, taking care of all compliance, regulatory, and scalability needs," explains Kelvin. This setup enables Asian BaaS providers, like WeBank, to scale seamlessly within super apps and other high-usage platforms at a lower cost, creating a more agile and efficient ecosystem for financial services. This is the exact approach audax brings to digital transformation. By offering a plug-and-play platform without unnecessary intermediary layers, audax enables banks and financial institutions to launch fully digital capabilities that are scalable, compliant, and ready for today’s dynamic ecosystems. With this model, banks don’t just adopt technology—they become part of an expansive, embedded finance ecosystem. Read the full piece here 🔗: https://lnkd.in/gMx5kNzA Discover more about audax’s approach to empowering banks with efficient, regulatory-ready digital banking solutions 👉 https://lnkd.in/g39gV3jR #audax #BankingasaService #BaaS #DigitalBanking #EmbeddedFinance #FinancialInnovation #Fintech 

Great to see audax recognised among the top fintech innovators. Our mission has always been to empower banks and financial institutions to scale and modernise at speed. This acknowledgment reaffirms our commitment to delivering game-changing solutions in the banking scene that drive efficiency, agility, and innovation. Thank you once again to Fintech News Singapore for spotlighting our efforts and journey! #Fintech #DigitalBanking #BankingasaService #BaaS #Innovation #audax #yeswecanlah

We’re thrilled to announce our partnership with Jeel, Riyad Bank’s digital innovation arm, to drive banking modernisation across Saudi Arabia! Together, we’re enabling flexible, future-ready solutions like Banking-as-a-Service (BaaS), digital banks, super apps, and open banking solutions to empower banks and financial institutions in this fast-evolving market. Our collaboration combines Jeel’s tech innovation and audax’s proven expertise to modernise banking across Saudi Arabia as a first use case: 🚀 Seamlessly modernise and migrate from legacy systems 🌐 Integrate with third-party vendors and ecosystem players to offer innovative solutions, such as BaaS use cases like Card-as-a-Service and Wallets-as-a-Service 📈 Facilitate ecosystem-wide integration to create new monetisation opportunities through real-time data access and seamless third-party partnerships Read the full announcement here: https://lnkd.in/gXcF-UWG George Harrak Alex Manson Kelvin Tan Mohammad Zahri Riad Hamoui Saeed A Siddiki Mike Breen Fernn Lim Wenting Chen SC Ventures by Standard Chartered #DigitalBanking #SaudiArabia #OpenBanking #BaaS #Vision2030 #Fintech #audax #yeswecanlah

Earlier this week, our Chief Operating Officer Fernn Lim proudly represented audax, pitching our end-to-end digital banking solution to Mastercard’s customers as part of Start Path’s exclusive showcase. ‘Pitch and Pastries’ brought together some of the region’s most innovative startups, providing an incredible platform to connect and explore how we’re collectively reshaping finance. The event offered a fantastic opportunity to engage with industry leaders, explore new partnership opportunities, and demonstrate how audax is empowering banks and financial institutions to scale and modernise at speed. Thank you to Mastercard and Start Path for including us in this unique event. Looking forward to the connections made and what’s next for audax! Indra Salim Junquan Yeo Wenting Chen Jianing Chen #audax #StartPath #Fintech #SingaporeFintechFestival #SFF #DigitalBanking #Innovation #yeswecanlah

In conjunction with Singapore FinTech Festival, our panel at SC Ventures by Standard Chartered Lab Crawl Day: “Beyond Banking: Harnessing the Potential of Open Banking” unpacked the key shifts transforming financial services:  🔹 Collaboration over Competition: Banks don’t have to own every product – just the experience. Collaborating with fintechs brings fresh solutions and elevates customer journeys. This shift is sparking a wave of new talent, helping drive this collaborative mindset forward.   🔹 Cloud as an Enabler: Moving from legacy systems to the cloud is giving banks the agility to scale and innovate faster than ever.   🔹 Open Banking as a Regulatory Push: Regulators are leading the way to a more open financial ecosystem. Open Banking is less about immediate revenue and more about fostering transparency and choice for customers. Thank you to our speakers, Mike Breen (audax), Ben Gilbey (Mastercard), and Manoj Bhojwani (ADIB - Abu Dhabi Islamic Bank), with Mansi Singh from PwC South East Asia Consulting as our moderator!  #OpenBanking #OpenFinance #SCVentures #Fintech #DigitalBanking #BankingasaService #BaaS #CardsasaService #CaaS #Innovation #audax #SFF2024

Join us at the QA Media Financial and E-commerce Forum Singapore 2024 happening 6 Nov 2024. Eplore the latest in chaos testing and the integration of generative AI in test automation, where Engineering Manager Amit Rawat will guide you through his journey of app and API testing for Asia’s burgeoning open banking sector. He will highlight how his team leveraged lean engineering principles and a proactive ‘shift left’ strategy to implement Standard Chartered nexus, the white-label Banking-as-a-Service solution for the bank that delivered a digital banking service in collaboration with Indonesia’s Bukalapak, attracting 98% new to bank customers. Secure your spot for free today and learn how to future-proof your digital transformation strategy https://lnkd.in/gvSzdqfv 👉 Register for @Amit Rawat’s session today: “Testing for nexus: A pioneering BaaS platform” 📅 6 Nov, 12.10-12.40pm #QAfinancial #DigitalBanking #ChaosTesting #GenAI #audax #EmbeddedFinance #FinancialInnovation #BankingasaService