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Silverlake Axis secures contract from Malaysia Building Society for merged entity

PC Lee Published on Thu, Apr 12, 2018 / 5:31 PM GMT+8

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SINGAPORE (Apr 12): Silverlake Axis has secured a contract to implement a core banking solution for an Islamic bank in Malaysia.

The contract was awarded by Malaysia Building Society, an existing customer of the group, who recently acquired Asian Finance Bank (AFB).

Since April 2, Malaysia Building Society, the financial holding company has begun transferring its shariah compliant assets and liabilities to AFB and rebranded it to MBSB Bank, the second-largest full-fledged Islamic bank in Malaysia.