Meanwhile, Silverlake’s Merimen insurance platform is Asia’s top insurance software-as-a-service (SaaS) company and is ranked among the global top 10 in terms of claims processing and management solutions.
SINGAPORE (Jan 4): DBS Group Research is re-initiating its coverage on Silverlake Axis with a “buy” call and a target price of 60 cents.
Currently, the group’s core banking system is used by the top three of the five largest ASEAN financial institutions – CIMB Bank, OCBC Bank and UOB. And more than 40% of the top 20 largest banks in the Southeast Asia that outsourced their core banking solutions also run on the group’s core banking platform.
