The solution is built to complement incumbent banks’ core systems, while its infrastructure-agnostic technology enables banks to pursue modern digital transformation without the need for costly and time-consuming in-house development or migration.
SC Ventures, Standard Chartered’s innovation fintech investment and ventures arm, has launched a digital banking technology solutions provider called audax. It will help banks and financial institutions modernise and scale “at speed”, according to a release dated Sept 21.
Audax provides an end-to-end digital banking platform with modularised capabilities that can handle millions of customer data concurrently. It will service the entire client lifecycle — from client and staff interfaces, to deposits and lending products, to client servicing and data reporting.
