SINGAPORE, Sept 21 (Bernama-BUSINESS WIRE) — SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, launches audax Financial Technology (“audax”), a digital banking technology solutions provider. It is designed to empower banks and financial institutions to accelerate their digital transformation, deliver new business models, serve new customer segments and derive new revenue streams.
By 2030¹, the business-to-business to any-end-user (B2B2X) market is expected to reach USD440 billion in annual revenues, driven by advancements in the financial infrastructure, digital banking and embedded finance space. audax will play a part in this growth market by helping incumbent banks in two distinct use cases: Digital Banking and Banking-as-a-Service (BaaS).