Silverlake Axis lands contract from Malaysia credit card provider

Malaysia one-ringgit noteMalaysia one-ringgit note

Silverlake Axis obtained a contract to assist in the digital transformation of an established Malaysian consumer credit card provider by replacing its legacy systems with a new platform, the financial software company said in a filing to SGX Thursday.

The new platform will streamline the consumer financing process through origination and servicing collections, the filing said.

The new payment and lending platforms, called IntelliPayz and IntelliLendz, are expected to be completed by next year, Silverlake Axis said.

The contract is expected to positively contribute to Silverlake Axis’ results in the current and following financial years, the filing said.

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