HO CHI MINH CITY, Vietnam--(BUSINESS WIRE)--Jul 1, 2025--
Global IT services provider FPT has formed a strategic alliance with audax Financial Technology (audax), a comprehensive digital banking technology solutions provider backed by Standard Chartered. This partnership aims to deliver scalable, secure, and innovative digital banking experiences to financial institutions across the fast-growing Asia Pacific and Middle East regions, with a target revenue of USD 100 million over three years.
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Under this agreement, FPT becomes audax’s largest regional partner in Asia Pacific, taking on a key role in development, testing, deployment, and long-term operational support. The partnership combines audax’s plug-and-play digital banking platform with FPT’s deep capabilities in cloud-native development, microservices architecture, DevSecOps, and agile delivery. With significant portions of the population in Asia Pacific remaining underbanked, this joint offering empowers financial institutions to modernize legacy systems and enhance new ones, while adopting innovative models such as embedded finance and Banking-as-a-Service to drive financial inclusion and meet the growing demand for digital financial services.
This strategic partnership positions FPT and audax to strengthen their presence in the digital banking solutions market in Asia Pacific and the Middle East, two of the world’s most dynamic fintech regions. The Asia Pacific digital banking market is projected to surge by 110%, reaching USD 360 billion by 2030, while the Middle East digital banking market is expected to grow by 58%, hitting USD 2.6 billion by 2030. These figures underscore the immense potential for innovation and growth.
“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.
“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 began their collaboration in 2023, with FPT supporting product development and market rollouts across Asia Pacific. The partnership has evolved from a product development and program-based engagement into a strategic, long-term alliance, reinforcing FPT’s expanding footprint in the fintech sector. In this sector, FPT boasts a workforce of 3,000 engineers, delivering innovative solutions to more than 200 clients worldwide.
About FPT Corporation
FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. Committed to elevating Vietnam’s position on the global tech map and delivering world-class solutions for global enterprises, the Corporation focuses on five strategic areas: Artificial Intelligence, Automotive, Semiconductor, Digital Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit https://fptsoftware.com/.
About audax Financial Technology
audax Financial Technology is a comprehensive digital banking solutions provider empowering banks and financial institutions to scale and modernise at speed. audax has enabled new business models and revenue streams for Standard Chartered under the SC nexus proposition, becoming the first global bank to provide Banking-as-a-Service in Asia.
For more information, please visit www.audax.io and follow audax on LinkedIn.
FPT and Standard Chartered-Backed audax Financial Technology announce a strategic partnership to drive digital banking transformation and financial inclusion across APAC and the Middle East.
MINNEAPOLIS (AP) — Federal officers dropped tear gas and sprayed eye irritant at activists Tuesday during another day of confrontations in Minneapolis, while students miles away walked out of a suburban school to protest the Trump administration's bold immigration sweeps.
Meanwhile, the fallout from the fatal shooting of a Minneapolis woman by an immigration agent reached the local U.S. Attorney's Office: At least five prosecutors have resigned amid controversy over how the U.S. Justice Department is handling the investigation, according to people familiar with the matter.
Separately, a Justice Department official said Wednesday there's no basis for a criminal civil rights investigation. An FBI probe of Renee Good's death is ongoing.
Strife between federal agents and the public continues to boil, six days since Good was shot in the head while driving off in her Honda Pilot. At one scene, gas clouds filled a Minneapolis street near where she died. A man scrubbed his eyes with snow and screamed for help after agents in a Jeep sprayed an orange irritant and drove off.
It’s common for people to boo, taunt and blow orange whistles when they spot heavily armed immigration agents passing through in unmarked vehicles or walking the streets, all part of a grassroots effort to warn the neighborhood and remind the government that they’re watching.
“Who doesn't have a whistle?” a man with a bag of them yelled.
Brita Anderson, who lives nearby and came to support neighborhood friends, said she was “incensed” to see agents in tactical gear and gas masks, and wondered about their purpose.
“It felt like the only reason they’d come here is to harass people,” Anderson said.
In Brooklyn Park, Minnesota, students protesting the immigration enforcement operation walked out of school, as students in other communities have done this week.
Later, a large crowd gathered outside a hotel in Minneapolis banging drums and blowing whistles as officers wearing helmets and carrying batons stood guard just inside. Meanwhile, confrontations erupted between protesters and officers guarding the federal building being used as a base for the Twin Cities crackdown.
The departures in the U.S. Attorney's Office include First Assistant U.S. Attorney Joe Thompson, who had been leading the sprawling prosecution of public fraud schemes in the state, according to people who spoke to The Associated Press on the condition of anonymity to discuss personnel matters.
With the Department of Homeland Security pledging to send more than 2,000 immigration officers into Minnesota, the state, joined by Minneapolis and St. Paul, sued President Donald Trump’s administration Monday to halt or limit the surge.
The lawsuit says Homeland Security is violating the First Amendment and other constitutional protections by focusing on a progressive state that favors Democrats and welcomes immigrants.
“What we are seeing is thousands — plural — thousands of federal agents coming into our city. And, yeah, they’re having a tremendous impact on day-to-day life,” Minneapolis Mayor Jacob Frey said.
A judge set a status conference for Wednesday.
Homeland Security says it has made more than 2,000 arrests in the state since early December and is vowing to not back down. Spokesperson Tricia McLaughlin, responding to the lawsuit, accused Minnesota officials of ignoring public safety.
In a different lawsuit, a judge said she would rule by Thursday or Friday on a request to restrict the use of force, such as chemical irritants, on people who are observing and recording agents' activities. Government attorneys argued that officers must protect themselves.
The Trump administration has repeatedly defended the immigration agent who shot Good, a 37-year-old mother of three, saying he acted in self-defense. But that explanation has been widely panned by Frey, Minnesota Gov. Tim Walz and others based on videos of the confrontation.
State and local authorities are urging the public to share video and any other evidence as they seek to separately investigate Good's death after federal authorities insisted they would approach it alone and not share information.
In Wisconsin, Lt. Gov. Sara Rodriguez is proposing that the state ban civil immigration enforcement around courthouses, hospitals, health clinics, schools, churches and other places. She is hoping to succeed Gov. Tony Evers, a fellow Democrat, who is not running for a third term.
“We can take a look at that, but I think banning things absolutely will ramp up the actions of our folks in Washington, D.C.,” Evers said, referring to the Trump administration. “They don’t tend to approach those things appropriately.”
Associated Press reporters Ed White in Detroit; Steve Karnowski in Minneapolis; and Scott Bauer in Madison, Wisconsin, contributed.
Monica Travis shares an embrace while visiting a makeshift memorial for Renee Good, who was fatally shot by an ICE officer last week, Monday, Jan. 12, 2026, in Minneapolis. (AP Photo/John Locher)
A protester is detained by Federal agents near the scene where Renee Good was fatally shot by an ICE officer last week, Tuesday, Jan. 13, 2026, in Minneapolis.(AP Photo/Adam Gray)
A protester grabs a tear gas grenade deployed by federal immigration officers near the scene where Renee Good was fatally shot by an ICE officer last week, Tuesday, Jan. 13, 2026, in Minneapolis. (AP Photo/John Locher)
A protester is sprayed with pepper spray by a Federal agent Tuesday, Jan. 13, 2026, in Minneapolis.(AP Photo/Adam Gray)
Tear gas is deployed amid protesters near the scene where Renee Good was fatally shot by an ICE officer last week, Tuesday, Jan. 13, 2026, in Minneapolis.(AP Photo/Adam Gray)
EDS NOTE: OBSCENITY - Tear gas is deployed amid protesters near the scene where Renee Good was fatally shot by an ICE officer last week, Tuesday, Jan. 13, 2026, in Minneapolis. (AP Photo/John Locher)
A protester is detained by Federal agents near the scene where Renee Good was fatally shot by an ICE officer last week, Tuesday, Jan. 13, 2026, in Minneapolis.(AP Photo/Adam Gray)(AP Photo/Adam Gray)
A protester grabs a tear gas grenade deployed by federal immigration officers near the scene where Renee Good was fatally shot by an ICE officer last week, Tuesday, Jan. 13, 2026, in Minneapolis. (AP Photo/John Locher)
Fireworks are set off by protesters outside the Bishop Henry Whipple Federal Building, Monday, Jan. 12, 2026, in Minneapolis. (AP Photo/Jen Golbeck)
Federal immigration officers detain a demonstrator outside Bishop Whipple Federal Building after tear gas was deployed Monday, Jan. 12, 2026, in Minneapolis. (AP Photo/Jen Golbeck)
Federal immigration officers are seen outside Bishop Whipple Federal Building after tear gas was deployed Monday, Jan. 12, 2026, in Minneapolis. (AP Photo/Jen Golbeck)
Federal agents drive through smoke from tear gas dispersed during a protest, Monday, Jan. 12, 2026 in Minneapolis (AP Photo/Adam Gray)
A protester's face is doused in water after he was pepper sprayed outside of the Bishop Whipple Federal Building, Monday, Jan. 12, 2026, in Minneapolis. (AP Photo/Jen Golbeck)
EDS NOTE: OBSCENITY - A man gestures as he walks toward a cloud of tear gas that was deployed by federal immigration officers Monday, Jan. 12, 2026, in Minneapolis. (AP Photo/John Locher)
Protesters try to avoid tear gas dispersed by federal agents, Monday, Jan. 12, 2026 in Minneapolis (AP Photo/Adam Gray)
Federal agents get ready to disperse tear gas into a crowd at a protest, Monday, Jan. 12, 2026 in Minneapolis (AP Photo/Adam Gray)
