Silverlake Axis Wins Digital Innovation Contracts from Financial Institutions in Malaysia, Singapore and Thailand

The Board of Directors of Silverlake Axis Ltd (“SAL” or “the Group”) is pleased to announce that the Group has secured eight contracts during the first 6 months of FY2019 to deliver innovative and transformative digital economy solutions to existing customers of the Group.


In Malaysia, the contracts won include the delivery of innovative payment solutions at three major financial services groups to enable them to attract and grow their digital business ecosystem for the future, and the deployment of channel innovations at two other financial services providers to enhance their customers’ digital experience.


For the contracts awarded in Singapore and Thailand, the Group will provide services to support the digital banking and payments transformation initiatives at three established financial institutions.


The Group’s software solutions and services deployed for these contracts are from its wholly-owned subsidiaries, namely Cyber Village Sdn Bhd, Silverlake Digitale Sdn Bhd, Silverlake One Paradigm Sdn Bhd and Silverlakegroup Pte Ltd.


The contracts are expected to contribute positively to the results of SAL for financial year 2019. Pursuant to the confidentiality clause stipulated in the contracts, no further details of the contracts will be disclosed. None of the directors or substantial shareholders of SAL has any interest, directly or indirectly, in the above contracts other than through their respective shareholdings in SAL.


BY ORDER OF THE BOARD


Kwong Yong Sin
Group Managing Director

4 January 2019


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