audax faucets AWS Associate Community to deliver its plug-and-play banking stack to extra banks in Asia Pacific and the Center East.
Backed by Normal Chartered, the Singapore-based fintech says the partnership with Amazon Internet Companies will assist banks and monetary establishments modernise programs, handle infrastructure challenges and velocity up digital transformation initiatives throughout each areas.
By becoming a member of the AWS Associate Community, audax beneficial properties entry to AWS’ technical experience, superior applied sciences and infrastructure assets, enabling it to ship scalable, cloud-based options with better velocity and reliability.
The corporate supplies a full-stack digital banking platform with pre-integrated modules for onboarding, origination, funds, deposits and lending, designed to take a seat alongside current core programs and deploy in as little as six months.
audax has been appointed by Maybank Islamic to guide its digital transformation on AWS throughout Southeast Asia.
It’s also working with Jeel, the digital innovation arm of Riyad Financial institution, to roll out new banking capabilities in Saudi Arabia.
Digital banking adoption in Asia Pacific is accelerating, with digital funds up 14% and digital lending rising 22% in Southeast Asia in 2024.
audax says its platform helps incumbent and new banks improve legacy programs with out operational disruption whereas launching new digital companies.
“We’re seeing large demand from new and incumbent banks within the Asia Pacific, the Center East and additional afield, seeking to launch new digital companies and modernise their expertise. This represents a big milestone in democratising entry to world-class digital banking expertise.
Becoming a member of the AWS Associate Community empowers us to satisfy our clients’ distinctive wants by way of safe, compliant, and agile cloud options, which is central to our go-to-market technique,”
mentioned Mike Breen, Chief Business Officer of audax.
Featured picture: Edited by Fintech Information Singapore, primarily based on picture by digitizesc by way of Freepik