Silverlake Axis eyes potential in insurtech space

THE influx of non-traditional digital banks in recent years may have spurred some excitement in the financial services ecosystem, but at least one banking solutions provider is not jumping on the bandwagon.

Rather than trying to widen its market share by servicing the non-bank players, mainboard-listed Silverlake Axis : 5CP 0% has been strengthening its offerings for Asean’s incumbent lenders.

Silverlake Axis has established a foothold in the financial sector here, having been in the region for over 30 years now, its managing director Andrew Tan told The Business Times. The company counts as its clients 8 of Asean’s biggest banks, including Singapore’s OCBC and UOB, as well as CIMB, Bank Raya and Siam Commercial Bank.