Yet, as the digital world continues to evolve at a lightning-fast pace, Silverlake Axis once again finds itself at an inflection point: adapt or perish. This time, Goh’s daughter, Cassandra Goh, will lead the charge.
When Goh Peng Ooi founded the software company Silverlake Axis (SGX:5CP
) over three decades ago in 1989, he knew he had to find an opportunity for a breakthrough. Goh’s product, developed on the cusp of the technological revolution of the 90s, was prime for adoption; he only needed someone to take a chance on the business.
It wasn’t until the then-chairman of United Overseas Bank (SGX:U11) (UOB), the late Wee Chow Yaw, hired the company for a total technological revamp that Silverlake Axis began to make headway. Today, the SGX-listed company sells its proprietary software to major financial institutions like banks, insurance companies, payment firms, and retail and logistics groups. Silverlake Axis says it serves over 40% of the 20 largest banks in Southeast Asia, including UOB and Siam Bank.
