Fig 1 Revenue by Segment
In this part 3, we will focus on how Silverlake Axis generates its revenue through its propriety software, Silverlake Integrated Banking Solution (SIBS). As such, I will only be touching on "Licensing of SIBS" and "Maintenance and Enhancement Services", which are its core business. The rest of the other businesses will be reserved for part 4.
For licensing of SIBS, it is a fairly simple business to understand. When a bank has decided to change its core banking system, the first step will be to build or buy? In the 1990s, many have tried to build a system themselves and this has proven to be a terrible and costly mistake. As such, in the current era, many especially the smaller banks will seek out a vendor to provide the solution. This is a very tedious process that will usually take a few years to complete ...
