“Can a BaaS/digital-banking platform spun out of Standard Chartered sell the embedded-finance stack back to incumbent banks across Asia and the Middle East?”
audax was launched in September 2023 by SC Ventures (Standard Chartered's venture arm) as a standalone commercialisation of the BaaS/digital-banking tech stack that Standard Chartered had already deployed with partners like Bukalapak in Indonesia. Positioned as a cloud-native digital banking platform for banks and FIs, it sells its stack to incumbents (Standard Chartered, Maybank, Jeel/Riyad Bank) to let them run embedded finance and BaaS programmes. Its thesis is that embedded finance is the structural economics unlock for digital banks in Asia and the Middle East.
Audax discloses audax (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Audax does not disclose a bank charter of its own; its banking services are provided through audax (in-house).
Audax's cards are issued through Paymentology.
The Embedded Finance Index 2026 maps 2 layers in Audax's stack: Banking / BaaS (audax (in-house)); Card issuing (Paymentology).
Audax is founded in 2023 and headquartered in Singapore.
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