HISTORY & ACHIEVEMENTS
1996
Incorporated as Global IMP-ACT
1997
Appointed the first IBM Mainframe Business Partner in Malaysia
with the complete IT Infrastructure Refresh project in Bank Bumiputera.
1998
First of many proven system
integration capabilities with the implementation of a new integrated bank branch delivery system rolling out 200+ branches in a record time of 4 months.
1999
Recognised by IBM
and awarded the Top IBM Mainframe Business Partner.
2001
Joined the Malaysian Main Exchange Board
as the IT subsidiary of public-listed Bolton Berhad and won various projects in 3 anchor banks in Malaysia.
2004
Merger-Acquisition exercise resulted in Global IMP-ACT
being acquired by public-listed Symphony Group and renamed as Symphony Global.
2005
Transformation of an anchor bank
by consolidating multi-core systems into a single consolidated integrated SIBS core system and introducing multi online delivery channels.
2007
First diversification to non-banking sector
launching the integrated social security and provident fund system as the core system transformation partner for the Largest Provident Fund Institution in Malaysia. The transformation included exploitation of Thumbprint, Barcode, and Imaging Technology to re-engineer the business processes.
2008
Full refresh of Core Banking System
for a Financial Holding Company of a full-fledged Islamic bank in Malaysia.
2008
Enabled an Anchor Bank to offer Full Islamic Banking
via another entity of the Group supported by a single consolidated Core Banking System with separate data and pooling of funds which enabled the Group to enjoy huge savings in Software Licencing and IT Platform and Operating Cost.
2010
The company was rebranded to Silverlake Innovation Partners in 2010.
2012
Successfully migrated and implemented new core system transformation
in the biggest and oldest Building Society in Malaysia. In conjunction with the collaboration partnership, a new process in Business Service Monitoring was initiated to pro-actively ensure users have access to the system continuously.
2014
Initiated Off-shore project
for a Multinational Regional Financial Services Provider Malaysian Bank in Laos allowing New Branch Setup with fully customised Core System which are in compliance with all relevant regulatory requirements supported through appropriate regulatory reporting.
2014-2018
Extended our service offerings from system maintenance
to overall IT Management Partnership by introducing our post-project IT Collaboration Service encompassing the command, control and monitoring of the System availability, performance and capacity of resources to deliver non-disrupted continuous service to end-users.
2015
Enhanced and incorporated GST features
and functionalities to enable our client to support new tax regulatory requirements introduced for banking services.
2017
Introduced a new Islamic scheme fund
for the Largest Provident Fund Institution allowing members to opt for Islamic scheme which was a major milestone for the Institution.
2020
As a Prime System Integrator,
successfully implemented a major and comprehensive core system transformation in the largest Cooperative Bank in Malaysia comprising multi-systems, multi-partners, data migration and complex integration with existing and new systems for both internal and external parties.
2021
Implemented real estate management system for an Islamic Pilgrimage Fund
The Pilgrimage Fund invests in a sizeable portfolio of real estate properties and an integrated and modern system is required to ensure efficient management of the properties thus maintaining and increasing their values and providing returns to the stakeholders. SIP customises a proven off-the-shelf best-practices real estate management system to fit the organisation’s largely unique business requirement to ensure returns, while maintaining governance especially for shariah-compliant policies. The system is deployed in the cloud environment.
2022
Awarded and implementing First adoption of financial core system on cloud for GLC utilising turnkey development on low-code platform
This public-service organisation manages a sizeable collection of mandatory contributory funds from
employees to facilitate upskilling and training for employees. A unique, comprehensive, and
integrated core system is required to provide the expected user experience for all stakeholders. SIP
was commissioned to develop this unique intermodular integrated collection of core modules on
low-code platform and deployed in the cloud to provide a core system which is right for today and
ready for tomorrow.
2023
Awarded and implementing the First full-fledged digital bank on cloud environment in Malaysia
This commercial bank is already reaping the benefits of the core banking system we implemented successfully since 2005. Realising the current competitive landscape in the provisioning of services
to the current generation of the target consumers, especially against the services of newly-licensed digital banks, this traditional bank commissioned SIP as their technology partner in creating services which are fully digital. The digital core banking system deployed in the cloud will complement the existing proven stable core banking system, providing a unique combination of proven legacy services with fully digital new services, to meet the demands of her diverse set of consumer expectations.