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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
GoTo narrows Q1 loss to 420 billion rupiah with TikTok deal, cost cuts
Asset manager Value Partners cuts one-third of China staff in overhaul: sources
China’s BYD shows effects of price war with weaker first-quarter earnings
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU to 2.211 cents
Wilmar Q1 net profit falls 22.6% to US$302.9 million
Apple’s iPad hit by EU’s digital dominance crackdown