This launch was designed with the aim of empowering banks and financial institutions to accelerate their digital transformation, deliver new business models, serve new customer segments, and derive new revenue streams. As the press release highlights, the business-to-business-to-any-end-user (B2B2X) market is expected to reach USD 440 billion in annual revenues by 2030. This is driven by advancements in the financial infrastructure, digital banking, and Embedded Finance space. Therefore, audax intends to play a part in this growth market by helping incumbent banks in two distinct use cases: digital banking and Banking-as-a-Service (BaaS).
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