Global issuers and processors payment science announced a strategic partnership with Audax Financial Technologyis a digital banking solutions provider backed by Standard Chartered Ventures.
The partnership will enable financial institutions in Southeast Asia and the Middle East to launch and manage branded card programs within months.
The Cards-as-a-Service (CaaS) solution provided by this partnership will enable banks and financial institutions to offer a seamless payment experience without traditional complexity and costs.
The partnership combines audax’s digital banking and Banking-as-a-Service (BaaS) solutions with Paymentology’s advanced card processing capabilities to address the demand for scalable, fast-to-market card solutions in these regions. To do.
Paymentology’s multi-cloud platform supporting a variety of card types and Audax’s comprehensive digital banking technology enable banks to modernize their infrastructure, manage large amounts of data, deploy innovative card programs, and streamline the customer experience. You can achieve significant improvements.
The partnership comes as banks face economic uncertainty, with many financial institutions operating with reduced reserves and less stable funding.
The partnership aims to help banks and financial institutions streamline their operations, reduce time to market and navigate complex regulatory frameworks.
Mercia Naidu
Merusha Naidu, Global Head of Partnerships at Paymentology, said:
“We are very excited to announce our partnership with Audax. Through this partnership, we will leverage Audax’s digital banking platform in combination with our cloud-native next-generation platform to help banks move into the digital age. We will help you succeed.
We modernize the infrastructure of financial services institutions by accelerating the rollout of card programs for issuers and co-branders and enabling them to execute programs efficiently based on customer and market needs. That’s what I’m aiming for. ”
michael breen
Michael Breen, Head of Commercial at Audax, added:
“The announcement of our partnership is timely as we continue to grow our presence in Southeast Asia and the Middle East. Deliver targeted and relevant products quickly.
By leveraging the combined expertise of Audax and Paymentology, banks can navigate economic uncertainty and strengthen their bottom line by offering innovative payment solutions. ”
Featured image credit: Edited from freepic
