audax and Tuum partner to accelerate digital transformation for financial institutions. Source: Shutterstock.com audax Financial Technology (audax), a digital banking solutions provider incubated within Standard Chartered Ventures and Tuum have announced a partnership to empower financial institutions. Initially focused on the Middle East, the partnership will deliver rapid digital banking capabilities, incremental core modernisation and scalable Banking-as-a-Service (BaaS) solutions, with plans to extend these benefits to other regions. The flexibility to deploy specific modules or features enables banks to avoid the costs and risks of full system overhauls, rapidly launch new digital capabilities and adapt to evolving market demands, unlocking opportunities for growth. The audax-Tuum partnership equips financial institutions to rapidly deploy new financial products and services This includes fully digital banks, with deployment timelines as short as six months It can enhance existing infrastructure without the risks or costs associated with full system replacements. It aims to deliver the robust infrastructure needed to scale BaaS models, allowing institutions to diversify offerings and create new revenue streams. Mike Breen, Chief Commercial Officer at audax, said: “At audax, we are dedicated to empowering financial institutions with best-of-breed, digital-first solutions that are resilient, highly configurable and quick to market. By partnering […]
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