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KMS Solutions and Silverlake Axis: A Game-Changing Partnership for Vietnam's BFSI Industry
Ho Chi Minh, 17th October 2023 - KMS Solutions is thrilled to announce its strategic partnership with Silverlake Axis ("SAL"), a distinguished Singaporean fintech and digital banking solutions provider. This collaboration underscores the company's commitment to delivering cutting-edge financial services solutions in the Vietnamese market.
As the designated SAL’s Go-to-market partner, KMS Solutions primarily focuses on introducing two game-changing solutions to the Vietnam market:
- Mobius - An end-to-end digital banking platform that seamlessly integrates core banking components, streamlining operations and enhancing efficiency.
- Symmetry - A comprehensive suite of retail banking software that empowers financial institutions to offer a wide range of customer-centric services.
These solutions, powered by Silverlake Axis, have already demonstrated their effectiveness in various countries across the ASEAN region, including Singapore and Malaysia. Through this partnership, KMS Solutions and Silverlake Axis are ambitious to reshape the Vietnamese BFSI (Banking, Financial Services and Insurance) industry, making it more agile and customer-focused.
"Silverlake Axis's vision for the future of customer-centric digital financial services aligns seamlessly with KMS Solutions' direction,'' stated Tai Le - KMS Solutions’ SVP of ASEAN Business. "Silverlake Axis boasts a rich legacy and an established reputation in the region, and we have the utmost confidence that with this partnership, we will make a significant contribution to the Vietnamese digital financial services landscape. We believe that this collaboration, coupled with our proven track record in successfully executing innovative technology projects in Vietnam, will enable us to achieve our common objective of providing comprehensive and effective digital financial solutions. This will bolster competitiveness, enhance customer experiences, elevate operational excellence, and drive cost efficiencies within the Vietnamese market."
Cassandra Goh, Deputy CEO of SAL, shared, "The rapid growth of Vietnam's fintech sector, driven by an expanding middle class, tech-savvy population, and a thriving e-commerce landscape, presents an ideal environment for our digital solutions. We have full confidence in KMS as the perfect ally to realize our vision, supporting BFSIs and increasing financial literacy in the region."
Recent statistics reveal Vietnam's mobile payment users have exceeded 70 million, underlining a remarkable shift towards cashless transactions. This surge is accompanied by a significant VND15,000 trillion investment by the State Bank of Vietnam, reinforcing the government's commitment to fostering a vibrant fintech ecosystem. KMS Solutions is a contributing factor to this transformation, earning recognition as one of the Top 10 Fintech enterprises and Digital Transformation service providers recognized by VINASA at the Top 10 Digital Technology Companies Award in 2023. The company boasts an impressive track record of delivering innovative technology projects to prominent financial institutions, including ACB, TPBank, and MBBank, to name a few.
With technological expertise, deep market understanding, and a strong commitment to unwavering quality throughout its operations, KMS Solutions has built an extensive network of partners, including renowned banking service providers, to make a significant impact in Vietnam's financial sector. Silverlake is the latest partner in our strategy to strengthen core capabilities in technology solutions for the BFSI sector. This partnership has the potential to shape the industry positively, ultimately influencing the wider financial services environment in the region.
ABOUT KMS SOLUTIONS
As a premier technology consulting and solutions provider, KMS Solutions empowers companies in the financial services industry to improve operations, foster innovation, and elevate product and service offerings. KMS Solutions operates globally as part of KMS Technology across the United States, Mexico, Australia, India, and Vietnam, with its strength of 1,600 professionals.
KMS Solutions delivers exceptional value to its clients through software engineering expertise, domain specialization, and its time-tested delivery excellence. KMS Solutions plays an active and collaborative role in partnering with its clients over the long term, building up its contextual knowledge, investing in innovation, and driving purpose-led growth together.
To learn more about KMS Solutions, visit: https://kms-solutions.asia/
ABOUT SILVERLAKE AXIS
Silverlake Axis Ltd. (“SAL”) is a leading enterprise technology, software and services company focused on financial services and serves 40% of the top 20 largest banks in Southeast Asia. Founded in 1989, SAL has an impeccable track record of successful delivery of innovative and transformative solutions to its enterprise customers and their ecosystems. The Group has more than 380 enterprise customers in over 80 countries across Asia, Europe, Middle East, Africa and the Americas.
Under Axis Systems Holdings Limited, SAL was listed on the SGX-SESDAQ on 12 March 2003. It was renamed Silverlake Axis Ltd in 2006 and the listing was transferred to the Mainboard of the Singapore Exchange on 22 June 2011. For more information about SAL, please visit www.silverlakeaxis.com.