Audax provides a cloud‑native, plug‑and‑play digital banking platform that banks can deploy within their own infrastructure in as little as six months. The solution offers API‑driven Banking‑as‑a‑Service, embedded finance rails, and configurable UI components for web and mobile, while keeping customer data and regulatory controls under the bank’s ownership. It enables financial institutions to modernize legacy systems, launch new digital products, and create scalable, compliant banking experiences.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional banks often rely on legacy core systems that are costly to maintain and slow to adapt, making it difficult to launch new digital products, embed financial services in third‑party platforms, or meet the rapid expectations of digital‑first customers.
Solution
Audax offers a cloud‑native, plug‑and‑play digital banking platform that can be deployed within a bank’s own infrastructure in as little as six months. The platform provides a unified suite of capabilities—including onboarding, identity and access management, data lake, product engine, payments, and customer engagement—delivered through configurable APIs and UI components for iOS, Android, web, and partner channels. By installing the solution inside the bank’s domain, Audax ensures that all customer data and regulatory controls remain under the bank’s ownership while enabling rapid creation of digital banking experiences, Banking‑as‑a‑Service offerings, and embedded finance integrations. The platform also includes centralized operations tools, security monitoring, and consulting services to support compliance, risk management, and ecosystem partnership strategies.
Target Audience
Audax’s primary customers are incumbent banks and financial institutions seeking to modernize legacy systems, launch digital banks, or offer Banking‑as‑a‑Service and embedded finance capabilities to partners.
Features
- Cloud‑native digital banking suite that can be deployed on‑premise or in the cloud within the bank’s environment
- API‑driven Banking‑as‑a‑Service and embedded finance rails for accounts, loans, credit cards, and payments
- Fully configurable digital journeys for customer onboarding across iOS, Android, web, and partner platforms
- Enterprise‑grade IAM and security monitoring to protect data, staff, and customers
- Scalable data lake architecture for consolidating, transforming, and activating banking data
- Centralized operations console for system configuration, health monitoring, and compliance oversight
- Product engine enabling rapid creation and management of financial products at scale
- Consulting, advisory, and implementation services for business model setup, regulatory compliance, and partner acquisition