1. finance
2. bank

Silverlake Axis Ltd
Corporate Presentation
November 2014
Disclaimer
This presentation may contain statements regarding the business of Silverlake Axis Ltd and its
subsidiaries (the “Group”) that are of a forward looking nature and are therefore based on
management’s assumptions about future developments. Such forward looking statements are typically
identified by words such as ‘believe’, ‘estimate’, ‘intend’, ‘may’, ‘expect’, and ‘project’ and similar
expressions as they relate to the Group. Forward looking statements involve certain risks and
uncertainties as they relate to future events. Actual results may vary materially from those targeted,
expected or projected due to various factors.
Potential risks and uncertainties include such factors as general economic conditions, foreign
exchange fluctuations, interest rate charges and regulatory developments. Such factors that may
affect the Group’s future financial results are detailed in our listing prospectus / circulars, listed in this
presentation, or in the management discussion and analysis section of the company’s result report
and filing with the SGX. The reader is cautioned to not unduly rely on these forward-looking
statements. We do not undertake any duty to publish any update or revision of any forward looking
statements.
The information contained in this presentation has not been independently verified. No representation
or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness,
accuracy, completeness or correctness of the information or opinions contained in this presentation.
Neither Silverlake Axis or any of its affiliates, advisers or representatives shall have any liability
whatsoever for any loss arising, whether directly or indirectly, from any use or distribution of this
presentation or its contents.
This presentation is for information only and does not constitute an invitation or offer to acquire,
purchase or subscribe for shares in Silverlake Axis.
2
Presentation Outline
Investment Merits
Business Overview
Major Developments
Results & Financials
Prospects
3
Key Points

A leading IT software and services company in the high
growth Asia Pacific Region
- 40% of leading SE Asian banks use Silverlake’s software and services
- 25 years track record of successful implementation of Silverlake’s enterprise
software applications in over 150 customer sites with 100% success rate

Earnings turnaround with EPS growth in FY2011, FY2012,
FY2013 & FY2014

Positive trends in banking industry

Strong balance sheet with net cash of RM421.0m as of 30
September 2014

Strong margins above most peers
Increasing need of a common core platform for regional banks as well as
need to keep up with regulatory changes, compliance and competition
Strong EBIT margin with growth in SIBS licensing and maintenance &
enhancement services revenue from new contracts
4
Presentation Outline
Investment Merits
Business Overview
Major Developments
Results & Financials
Prospects
5
Company Profile
Silverlake is a leading provider of Digital Economy Solutions and Services for the
banking and financial services, payments, retail, logistics and insurance businesses.
We provide comprehensive methods and tools, business applications and integration
technologies, implementation and application management services to deliver
successful business strategy and operation transformations for our customers
Silverlake Axis Group
Core Banking, Payment,
Retail, Insurance Industry
Software Business
Core Banking, Payment,
Retail, Insurance Industry
Services Business
Expanding Market & Digital
Economy Business
Intellectual Property
Development
Implementation Services
ASEAN, China, Japan
Intellectual Property
Licensing
Application Maintenance &
Management Services
Asia Pacific Economies
6
Business Evolution & Transformation
FY 2014 Revenue
RM500.7 mil
FY 2008 Revenue
RM146.9 mil
FY 2005 Revenue
RM27.8 mil
Branch Banking
Maintenance
RM8.4 m
30%
RM19.4 m
70%
Sale of Branch
Banking Solution
Sale of Hardware
Products
14%
RM19.0 m
4%
RM147.7 m
30%
Asia’s
Largest
Digital
Economy
Solutions
Core Banking &
Payments Solutions
42%
Company
2010 to 2014
Silverlake Axis Limited
(Post SIBS Acquisition 2006)
+
RM19.5 m
4%
Application
Maintenance &
Enhancement
Services
Licensing of
Application Software RM210.3 m
2006 to 2009
Axis Systems Limited
(Listed on SGX in 2003)
Delivery Channels & Branch
Banking
Solutions
RM32.4 m
6%
Insurance
Processing
Software Project
Services RM71.8 m
Sale of Branch
RM20.9 m
Banking
Solution RM16.4 m 14%
11%
Licensing
RM19.0 m
of SIBS
14%
Branch
RM90.6 m
Banking
61%
Maintenance
2003 to 2005
Sale of
Hardware
Products
Credit and
Cards
Processing
2015 & Beyond
SSB, QR, Isis,
Merimen & CVSB
Acquisitions
Structured Software Maintenance
& Project Services, Retail,
Logistics, Integration Software,
Insurance, Mobility & Internet
Solutions
+
7
+
Digital Economy
Transformation
Partnerships
Across Asia and
Beyond
Note: Silverlake Solution Limited (SSB), QR Technology Sdn Bhd (QR), Isis
International Pte Ltd (Isis), Merimen Group, Cyber Village Sdn Bhd (CVSB)
Business Overview
A leading long term value based provider of core banking,
insurance, payment and retail solutions and application
services to major financial institutions, retailers and
conglomerates in Asia since
40%
100%
1989
of leading South-East Asia banks use the Silverlake
Axis Integrated Banking Solution (SIBS) to process
their banking transactions everyday
success track record in delivering End-to-End
Core Banking, Payment and Retail solutions
implementation and enhancement, backed by
strong management and key software
development team
Provides proven, cost-effective and innovative front, middle and
back office banking, payment, insurance and retail solutions
8
Business Model
Insurance
Processing
Credit &
Cards
Processing
Sale Of
Software &
Hardware
Products
Software
Project
Services
Maintenance &
Enhancement
Services
Software
Licensing
9
Cumulative Revenue Per Customer Relationship
Growing Core Customer Revenues
Increasing
Value Add to
Customers
Software
Licence
Expansion/
Upgrade
Software
Licence
Expansion/
Upgrade
Software
License
Maintenance &
Enhancement
Services
Initial
Software
License
Project
Services
Time
10
Time Series Recurring
License Revenue
Annual Recurring
Maintenance Revenue
Repeatable Project
Implementation Revenue
Leading & Growing Market Share
Silverlake Axis Has More Than 150 Customers
Who Are Leaders in the Markets They Serve and Known for Their Products &
Services Innovation and Operational Excellence
LEADING MARKET SHARE
Core System Platform Partner of
Choice for 3 of the 5 Largest ASEAN
Financial Institutions
Over 40% of the Top 20 Largest
Banks in South-East Asia run on
SIBS
EXPANDING MARKET SHARE
Anchor Customers in China, Japan,
Middle East, South Asia
Silverlake Customer
As of Aug. 12, 2014
As of Jan. 1, 2005
Source: Bloomberg
11
Leadership in Asia Pacific Market
Country
Prominent Core Banking Applications
Australia
Internal/ Older proprietary, SAP, Oracle, Hogan
China
Local/ Internal/ Older Systems, Temenos, TCS
Hong Kong
Local/ Internal/ Older Systems
India
Infosys, Oracle, TCS FNS
Indonesia
Silverlake Axis
Malaysia
Silverlake Axis
Philippines
Silverlake Axis, FIS, Infosys
Singapore
Silverlake Axis
South Korea
Local core banking applications, Hyundai
Taiwan
Internal and proprietary systems
Thailand
Silverlake Axis, FIS
Vietnam
Silverlake Axis, Temenos, Hyundai
Note: The list of prominent core banking vendors in each market changes when non-top 10 institutions are included
Source: Table 1 - Leading Core Banking Players in the Top 10 Bank Segments in 12 Asia/Pacific Countries, IDC Financial Insights, 2013
12
Board of Directors Profile
Goh Peng Ooi
Group Executive Chairman
Mr. Goh Peng Ooi was appointed as the Group Executive
Chairman of Silverlake Axis Ltd (“the Company”) on 23 May
2006. Prior to that, he was the Non-Executive Chairman of
the Company since 2002. He founded Silverlake Group in
1989 and has built it to become an established provider of
cross industry high performance banking, payment and retail
solutions .
Dr. Kwong Yong Sin
Group Managing Director
Dr. Kwong Yong Sin was appointed as the Group Managing
Director on 1 November 2005. He was previously the
Managing Director of Silverlake Corporation from 2001 to
2005 where he completed several key SIBS customer
transformation projects. Prior to Silverlake, he was the
Partner and Senior Vice President of Ernst & Young and
Cap Gemini E&Y Consulting.
Y Bhg. Tan Sri Dato’Dr. Lin SeeYan
Independent Non-Executive Director
Tan Sri Dato’Dr. Lin See-Yan was appointed a Director in
2003. Tan Sri is currently an independent strategic and
financial consultant. Prior to 1998, he was Chairman and
CEO of the Pacific Bank Group and for 14 years previously,
he was the Deputy Governor of Bank Negara Malaysia
(Central Bank of Malaysia).
Ong Kian Min
Independent Non-Executive Director
Mr. Ong Kian Min was appointed a Director in 2003. Mr. Ong is
concurrently an Advocate and Solicitor practicing as a
consultant with Drew & Napier LLC and a Senior Adviser with
Alpha Advisory Pte. Ltd., an independent corporate advisory
group providing advice to companies and businesses in the
Asia Pacific region.
Y Bhg. Datuk Sulaiman bin Daud
Lim Kok Min
Datuk Sulaiman bin Daud was appointed a Director in 2003.
He was a Director of the Agricultural Bank of Malaysia for
two years and later became Chairman for eight years.
Under his leadership, the Bank was transformed into a
corporatised entity, today known as AGRO Bank.
Mr. Lim Kok Min was appointed a Director on 15 June 2006.
He is currently the Chairman of IREIT Global Group Pte Ltd.
He is the immediate past Chairman of Gas Supply Pte Ltd,
the Singapore Institute of Directors, of Building &
Construction Authority and of Senoko Power Limited.
Non-Executive Director
Independent Non-Executive Director
13
Key Management Profile
Wong Yok Koon
Senior EVP, SIBS Core
Solutions
Mary Yau Siew Moi
Senior EVP, SIBS Core
Solutions
Hoong Lai Ling
Senior EVP, Administration &
Finance
Jean Aw Peng Mei
Senior EVP, Digital Enterprise
Solutions
Ms. Wong is one of the pioneer
employees and was instrumental in
driving the Group’s core banking solution
portfolio growth. She has over 25 years’
experience in core banking development
and deployment at major regional and
local financial institutions. Today, she
continues to be responsible for core
product development of Silverlake Axis
Integrated Banking Solution (SIBS)
particularly in cards and payments, and
works with clients in their digital economy
transformation.
Ms. Hoong is responsible for overseeing
the Group’s financial and administrative
functions. She has 23 years of experience
in auditing and financial managerial
positions. She is a qualified accountant
from the Malaysian Institute of Certified
Public Accountants and was trained in
Pricewaterhouse Malaysia. Prior to her
current role, she was an accountant at
Silverlake System from 1996 to 2002. She
is also a member of the Malaysian
Institute of Accountants.
Ms. Yau has been a key driver in the
Group’s growth over the past 25 years
and is one of the pioneer employees.
Under her leadership, she has grown and
enriched the capabilities of the core
banking solution portfolio particularly in
lending solutions. She is currently
responsible for core product development
of Silverlake Axis Integrated Banking
Solution (SIBS) and works collaboratively
with the other entities in the Group to
offer digital transformation propositions
to customers.
Ms. Aw is responsible for driving the
Group’s digital enterprise strategy by
combining and creating digital solution
propositions from our core and acquired
businesses. She joined the Group in 2014
and brings 25 years experience in business
and technology transformation of a number
of global, regional and local banks. Prior to
her current role, she was Vice President at
OCBC Bank and was previously Director at
Ernst & Young Advisory Services.
14
Lau Siow Ling
Senior EVP, Structured
Services
Ms. Lau has 28 years of IT industry
experience in sales, marketing and
operations, spending 16 years in IBM
Malaysia before joining the Group. She
was previously the IBM iSeries Country
Manager. She is currently responsible for
the Silverlake Axis Integrated Banking
Solution (SIBS) Application Maintenance
and Management business, whereby she
engages with our clients in ensuring the
smooth running of their daily business
operations and keeping up with the
dynamic industry changes.
Lee Cheen Siong
EVP, SIBS Channel Solutions
Mr. Lee has been with the Group since
2000 focusing on the development and
implementation of Branch Delivery and
Channels Solutions at major regional and
local financial institutions. Today, his
focus is on channels convergence and
product development. He was appointed
as EVP in June 2012. Prior to his current
role, he was the country manager for
Silverlake Axis in Beijing, China. Mr. Lee
has 18 years of experience in the banking
software industry.
Key Management Profile
Hidetoshi Neda
Managing Director, Silverlake
Japan Ltd
Sua Shii Huey
Director, Cyber Village Sdn Bhd
Ms. Sua joined Cyber Village in its founding
year. She has more than 18 years business
Mr. Neda is responsible for the growth and
expansion of Silverlake Axis Group’s business development and project management
in Japan and joined the Group in 2009. In his experience, specializing in e-commerce
implementations and managing small to large
23 years’ experience in the Credit Card and
enterprise scale e-business projects. Prior to
Retail Banking industries, he played a lead
Cyber Village, she was part of the team which
role in the Japan credit card market by
set up the first image bank/stock photo
developing new credit card products,
company in Malaysia - Ultra Dimension and
payment products and services. These
successfully signed up stock photo agencies in
business products were successfully
Singapore, Hong Kong and China.
implemented in MasterCard, Citibank N.A.,
Shinsei Bank, Tokyo Star Bank and SBI Group.
Sanjeev Dhar
Managing Director, Isis Group
Mr. Dhar joined the Group in 2011 and is
responsible for enterprise payment and
integration technology platform business. He
leads the R&D of “Implementable
Architectures and Compliance”, and is
responsible for managing Isis’ day to day
operations, product development and
technology strategy. Prior to joining the
Group, he was Senior Vice President at Isis
since 1996 where he spearheaded all product
development. He has over 19 years of
experience in banking technologies, financial
systems and digital banking infrastructure.
Shieh Yee Bing
Director, Cyber Village Sdn Bhd
Ms. Shieh is one of the pioneer employees of
Cyber Village since 2000. She focuses on
Cyber Village’s large enterprise scale projects
and development of key banking accounts.
Today, besides overseeing Cyber Village’s day
to day operations, she also leads product
development with special focus on portal and
internet mobile financial self-service solutions.
She has over 18 years experience in ebusiness projects across financial services,
logistics, and education industries.
15
Trevor Lok Theng Hey
CEO, Merimen Group
Mr. Lok is one of the pioneer employees
of Merimen since 2002 and played an
instrumental role in its early success. He
is currently responsible for the overall
strategy and operations of Merimen’s
business and leading Merimen’s business
development and expansion. Before
assuming his current role in 2013, he
actively led the development of Merimen’s
insurance policy solutions. He has over 12
years of experience in insurance solutions
and services industry.
Andrew Ooi Su Jin
CTO, Merimen Group
Mr. Ooi is responsible for the technical
framework in which all Merimen solutions
are built upon since the founding years.
He assumed the role of Chief Technology
Officer in 2013. Prior to Merimen, he
worked as a Software Engineer in Sunway
Workflow Automation (SWA), and was
involved in the design and development
of insurance automation systems. He has
over 15 years of experience in insurance
claim solution and services industry.
Presentation Outline
Investment Merits
Business Overview
Major Developments
Results & Financials
Prospects
16
Acquisitions Made: 2010 - 2013
2010
Silverlake
Solution Limited
(Structured Software
Maintenance & Project
Services)
2011
Isis
International
Pte Ltd
(Enterprise Payment and
Integration Platform)
QR Technology
Sdn Bhd
2013
Merimen Group
(Insurance Claims &
Policies Processing
Software as a Service
‘SaaS’ Platform)
Cyber Village
Sdn Bhd
(Retail & Logistic
Solution)
(Mobile & Internet
Solution)
In addition to broadening the Group’s income base, these acquisitions have added depth and range to
the Group’s portfolio of software solutions and services to deliver and support our customers’
transformations initiatives to compete and profit from the digital economy
17
Silverlake Axis Digital Economy Solution
The Silverlake Collaborative Architecture (CORE + SCCIM) drives our industry and
cross industry solution roadmap for digital economy enterprises
Omni Channel Services
Smart Mobile
eWallet
Banking
Mobile POS
Mobile Loyalty
Programme Portals Web POS
Mobile Game Mobile Alert
Notification ICMS
Virtual Real
Mobile
Super Mall Mobile
Advertisement
GeoGate
Augmented Reality
Identity Access
Management
Smart Devices,
Internet Mobile Branch Teller
Tablets and Web
Convergence
& Sales Facebook
Internet
Web
Mobile Apps
Banking
Banking
ATM
(iOS, Android, Express
Mobile Stock Windows, BB) Banking ePayment Virtual Card eRemittance
eProcurement
Trading
P2P
Loan
Payment
Origination
eLoyalty
Contact Collection
Centre Customer
Relationship
Management
(CRM)
SCCIM.OS
Enterprise to Enterprise
Collaboration (SCCIM*)
Social Network
Services
CORE Integration
Technology
Services SIBS Delivery
Service Processor
(DSP)
Industry
Services
Personalization
Offers
Silverlake Axis
Integrated
Banking Solution
(SIBS)
Silverlake Axis
Card System
(SCS)
SIIBS DSP
Complement
(DSP-C)
Online Share
SCCIM.OS. Trading
Payment
Self/ Kiosk
Service
SCCIM.OS.
Data
Silverlake Axis
Integrated Islamic
Banking Solution
(SIIBS)
CORE
Solutions
Silverlake Axis
Retail Merchandising
System
(PROFIT)
Silverlake Axis
Insurance Solution
(MERIMEN)
18
Silverlake Axis
Integrated
Provident Fund
System (SIPFS)
*SCCIM: Silverlake Collaborative Capability and Intelligence Model
Silverlake Axis Digital Economy Core
Capabilities and Ecosystem Offerings
Digital
Payment
Business Platform
Capabilities
Online
Stores
Physical
Stores
Logistic
Hospitality
Ecosystem
Omni Channel Services
SCCIM*
Warehouse
CORE Integration
QR Retail Merchandising
System (PROFIT)
Regional
Financial
Institutions
CORE
Domestic
Financial
Institutions
Healthcare
Ecosystem
Exchanges &
Payment
Gateways
Workshops &
Repair Centres
Islamic
Financial
Institutions
Insurers
Motor Part
Suppliers
Loss
Adjustors
Merimen Software-AsA-Service Insurance
Platform
Insurance
Intermediaries
Education
Ecosystem
Solicitors
19
Cyber Village Mobile & Internet Solution
Isis Integration and Enterprise Payment Platform
Silverlake Axis Integrated Banking Solution (SIIBS)
Silverlake Axis Integrated Islamic Banking Solution (SIIBS)
Silverlake Axis Card Solution (SCS)
* Silverlake Collaborative Capability and Intelligence Model
Silverlake Axis Banking Ecosystem
Digital
Payment
Business Platform
Capabilities
Online
Stores
Physical
Stores
Logistic
Hospitality
Ecosystem
Omni Channel Services
SCCIM*
Warehouse
Regional
Financial
Institutions
CORE Integration
CORE
Domestic
Financial
Institutions
Healthcare
Ecosystem
Workshops &
Repair Centres
Insurers
Motor Part
Suppliers
Loss
Adjustors
Insurance
Intermediaries
Education
Ecosystem
Exchanges &
Payment
Gateways
Islamic
Financial
Institutions
Solicitors
Core System Platform Partner of
Choice for Top 3 of the 5
Largest ASEAN Financial
Institutions
Over 40% of the Top 20 Largest
Banks in South-East Asia run on
SIBS
100% Successful Implementation
Track In Over 100 Core
Institution Migrations In Asia &
Middle East
Compliant in 20 Countries’
Banking Ecosystem (i.e. e-Govt,
Financial Exchanges, Payment
Gateways)
Cyber Village Mobile & Internet Solution
Isis Integration and Enterprise Payment Platform
Silverlake Axis Integrated Banking Solution (SIIBS)
Silverlake Axis Integrated Islamic Banking Solution (SIIBS)
Silverlake Axis Card System (SCS)
20
Silverlake Axis Insurance Ecosystem
Digital
Payment
Business Platform
Capabilities
Online
Stores
Physical
Stores
Logistic
Hospitality
Ecosystem
Omni Channel Services
SCCIM*
Warehouse
CORE Integration
Regional
Financial
Institutions
CORE
Healthcare
Ecosystem
Domestic
Financial
Institutions
Exchanges &
Payment
Gateways
Workshops &
Repair Centres
Primary markets are Malaysia, Singapore
and Indonesia
Islamic
Financial
Institutions
Over 80 insurers, encompassing most major
international insurers and many bankaffiliated insurers, covering both
conventional and takaful operators
Education
Ecosystem
Insurers
Motor Part
Suppliers
Loss
Adjustors
Insurance
Intermediaries
Over
Solicitors
4,000 automobile workshops and
repair centres
Over
Merimen Software-As-A-Service Insurance Platform
21
25 major automobile brands
Over
250 loss adjusters and law firms
Over
3,500 insurance intermediaries
Silverlake Axis Retail Ecosystem
16 installations across the fastest
growing markets in Asia: China,
Malaysia, Philippines, Singapore,
Thailand, Vietnam, Cambodia &
Indonesia
Over
45,000 Suppliers
More than
Digital
Payment
Online
Stores
Physical
Stores
Business Platform
Capabilities
Logistic
Hospitality
Ecosystem
Omni Channel Services
Warehouse
350 Retail Outlets
SCCIM*
CORE Integration
Regional
Financial
Institutions
CORE
Healthcare
Ecosystem
Exchanges &
Payment
Gateways
Workshops &
Repair Centres
Insurers
Motor Part
Suppliers
Loss
Adjustors
Insurance
Intermediaries
Solicitors
QR Retail Merchandising System (PROFIT)
22
Domestic
Financial
Institutions
Education
Ecosystem
Islamic
Financial
Institutions
Presentation Outline
Investment Merits
Business Overview
Major Developments
Results & Financials
Prospects
23
Q1 FY2015 Results Summary
(RM Million)
Q1 FY2015 Q1 FY2014 % change
Revenue
116.3
101.4
+ 15%
Gross Profit
75.0
58.9
+ 27%
Pre-tax Profit
63.0
55.2
+ 14%
Income Tax
(3.3)
(4.0)
(19%)
Net Profit
59.7
51.2
+ 17%
24
Revenue by Business Activities
60
50
56.5
Q1 FY2015
46.2
38.0
40
RM ' m
Q1 FY2014
30
22.2
20.6
20
12.6
10
0
%
change
0.8
Maintenance &
Enhancement
Services
+ 22%
Software
Licensing
+ 84%
3.6
Software Project Sale of Software
Services
and Hardware
Products
(43%)
25
(78%)
4.7 4.9
3.7 3.9
Insurance
Processing
Credit and Cards
Processing
(3%)
(6%)
Q1 FY2015 Selected Ratios
Q1 FY2015
70%
60%
Q1 FY2014
65%
58%
54%
54%
50%
51% 50%
40%
30%
20%
10%
5%
7%
0%
Gross Profit Margin
Pretax Profit
Margin
26
Net Profit Margin
Effective Tax Rate
Dividend
Dividend
(Singapore cents
per share)
First
Interim
Second
Interim
Third
Interim
Final
Special
Total
FY2013
0.5
0.7
0.8
1.1
-
3.1
FY 2014
0.8
0.9
1.0
1.2
0.6
4.5
FY 2015
0.8*
-
-
-
-
-
* First interim cash dividend for Q1 FY2015 is payable on 12 December 2014
27
Balance Sheet
(RM millions)
30 Sep 2014
30 Jun 2014
557.3
516.3
79.6
102.6
- Cash and bank balances
424.4
349.8
NON-CURRENT ASSETS
249.0
250.4
TOTAL ASSETS
806.3
766.7
CURRENT LIABILITIES
92.2
115.0
NON-CURRENT LIABILITIES
35.1
35.3
2.3
2.6
17.6
17.3
SHAREHOLDERS’ EQUITY
679.0
616.4
TOTAL LIABILITIES & EQUITY
806.3
766.7
CURRENT ASSETS
- Trade and other receivables
- Loans and borrowings
- Other payables
28
Presentation Outline
Investment Merits
Business Overview
Major Developments
Results & Financials
Prospects
29
Technology Spending Drivers
Compliance
Competition
4
• Basel 3 & AML
• Major New
Regulations
1
 Core Banking
Transformation
 Delivery Channels
Modernisation
• Regional & Global
Competition
• Universal Banking
Expansion (Conventional,
Islamic, Micro-banking)
 Regulatory/Risk
Compliance
Consolidation
3
 Performance
Management
• Mergers & Acquisitions
• Strategic Alliances
30
2
Cost Efficiency
• Economies of Global
Processing Hubs
• Improving Return on IT
Investment
IT Budget Deployment 2013-2014
BAU
Projects
Singapore
$4bn
$1bn
Thailand, Indonesia, Malaysia combined
$3bn
$1.5bn
China
$16bn
$4bn
Australia
$10bn
$3bn
India
$5bn
$2bn
Currency: US$
Note:
BAU: “Business As Usual”
spending which generally
falls under Bank’s Operating
Expenditure category
including Maintenance &
Enhancement
How new IT budgets will be spent…
Governance, Risk
& Compliance
Enterprise
Data Management
Multi Channels
& Distribution
28%
5%
16%
Enterprise &
Retail Payments
9%
12%
30%
Business Process
Re-engineering
Core Refreshment/
Replacement
Source: IDC Financial Insights Asia Pacific, 2013-2014
31
Dr Raymond Kwong
Thank You
Group Managing Director
Silverlake Axis Ltd
[email protected]
Meeting request, please contact:
Lee Teong Sang
Mobile: +65 9633 9035
[email protected]
32