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Pakistan’s Silkbank Taps Silverlake Axis to Grow Credit Card Footprint

SINGAPORE, Jan 28, 2022 - (ACN Newswire via SEAPRWire.com) - Singapore mainboard listed Silverlake Axis Ltd. (SGX:5CP) ("SAL" or "the Group"), the ASEAN market leader in core banking software, today, announced an expansion to the partnership with Silkbank Limited ("Silkbank"), a leading commercial and Islamic bank in Pakistan. Through the latest agreement, Silkbank will upgrade its card management suite to use Silverlake Axis's latest platform, Silverlake Symmetri OmniCard V6.OmniCard is an internationally certified card management system that allows banks to run flexible and secure operations including issuing and acquiring of all types of credit, debit and prepaid cards, ATM management, 3D secure e-commerce transaction processing, management of fraud, disputes, and cardholder's loyalty. This latest move further strengthens Silverlake Axis's leadership position within Pakistan's credit card market, where it currently commands over 80 percent market share. It also allows Pakistan's and the region's banks to tap into Silverlake's award winning technologies to grow their card footprint, and in the process, better cater to their customers.Gyorgy Ladics, CEO Silverlake Symmetri, commen...