SINGAPORE (June 6): Silverlake Axis, the provider of software systems for financial institutions in Southeast Asia, has announced its receipt of a purchase order to implement its Silverlake Axis Integrated Banking Solution (SIBS) system at what it refers to as “Thailand’s leading housing finance lender”.

In a Tuesday filing to the SGX, Silverlake says SIBS will enable the unnamed bank to have an effective and reliable financial technology (fintech) platform to execute its banking processes quickly, efficiently and profitability.

The key modules of SIBS – which include customer information, loans, loan origination, deposit, remittance and branch delivery – will replace the bank’s legacy core banking system.

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