SINGAPORE (Nov 21): CGS-CIMB Securities expects faster net profit growth for Silverlake Axis amid digital banking opportunities as core banking systems of Asean banks are being upgraded to deliver digital banking functionality.

Although there is more competition in the digital banking and fintech solutions spaces, CGS-CIMB thinks Silverlake Axis has an edge over rivals, with its track record in the successful implementation of banking systems and retention of major banks as customers.

“We believe these boost its chances of securing system upgrade and enhancement jobs from its customers, while generating recurring revenue from the maintenance of their existing systems,” says lead analyst Colin Tan.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook