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audax and AWS Appointed to Drive Maybank Islamic’s Digital Transformation

audax CEO Kelvin Tan, Maybank Islamic CEO Dato' Muzaffar Hisham, and AWS Country General Manager Peter Murray announce the launch of the joint partnership to forge digital transformation in Islamic finance

KUALA LUMPUR, 21 Jan 2025 – audax Financial Technology (audax), a comprehensive digital banking technology solutions provider backed by Standard Chartered, has been appointed by Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group and the leading provider of Islamic financial products and services in ASEAN, as its strategic partner to spearhead the digital transformation of its banking services. This collaboration will deliver modern, customer-centric digital banking solutions built on Amazon Web Services (AWS), the world’s most comprehensive and broadly adopted cloud, with its first product to launch in 2025. This collaboration underscores audax’s pivotal role in shaping the future of digital Islamic banking.

audax and digital banking

As the technology partner behind Asia’s first Banking-as-a-Service (BaaS) offering by a global bank, audax has demonstrated its ability to transform digital banking experiences. audax is now bringing this expertise to Maybank Islamic, with the goal of enabling Maybank Islamic to redefine customer experiences across its key markets including Malaysia, Singapore, Indonesia, and the Philippines through innovative, inclusive, and Shariah-compliant digital banking solutions.

Islamic financial products

audax will enable Maybank Islamic to deliver a full suite of Islamic financial products via seamless digital channels. These include paperless, real-time onboarding, efficient account management, and instant access to digital banking services. Powered by AWS’s secure and scalable cloud infrastructure, audax’s platform ensures rapid, reliable, and secure deployment. This solution not only meets customer needs with agility, but also enables compliance with Islamic finance principles, reinforcing audax’s commitment to delivering inclusive and innovative banking solutions at scale.