Bank Software Player Silverlake Targets Insurtech

Southeast Asia banking software developer Silverlake Axis is targeting a new market: Insurtech. The company announced it launched a subsidiary called Fermion to provide white label insurance software architecture to clients, including banks. Fermion will also provide management and consultancy services.

Peter Miller, an insurance technology specialist, was appointed CEO of Fermion; he was previously the CEO of Malaysia-listed Tune Insurance and CEO of Tune Money.

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