Silverlake Axis vs Temenos
Temenos holds the stronger position because its revenue, margin, and cash flow are all growing while Silverlake Axis is losing profit and margin in the same core banking software market that Temenos itself competes in.
Silverlake Axis
Core banking software vendor for Southeast Asian banks, private since its 2025 SGX delisting
Temenos
Swiss maker of core banking software that runs accounts, payments, and loans for banks worldwide
Dimension by dimension
| Dimension | Silverlake Axis | Temenos |
|---|---|---|
| Staying power of the core product | Silverlake Axis's services work appears squeezed, suggesting pressure on its core banking platform. | Temenos shows no visible loss of customers in the evidence provided, suggesting durability of its core platform. |
| Exposure to AI | AI tools may partly automate aspects of Silverlake's product offering. | AI tools are unlikely to automate Temenos's core banking software product. |
| How easily a giant could copy them | Blocked, same as Temenos. | Blocked, same as Silverlake Axis. |
| Pressure from rivals | Faces direct competition from Temenos, Oracle FLEXCUBE, Infosys Finacle, and TCS BaNCS for new mandates. | No meaningful customer loss is visible in the evidence provided. |
| Financial footing | FY2024 revenue grew only 2% while EBITDA fell 28% and profit after tax fell 38%. | ARR grew 15% to $859.9m, non-IFRS EBIT margin sits at 34.7%, and free cash flow grew 15% to $256.4m. |
| Overall market position score | Silverlake Axis faces heavier direct competitive pressure than Temenos, with FY2024 revenue up only 2% while EBITDA fell 28% and profit after tax fell 38%, assessed July 2026. | Temenos maintains a stronger competitive position, with ARR up 15% to $859.9m, non-IFRS EBIT margin at 34.7%, and free cash flow up 15% to $256.4m, assessed July 2026. |
Questions people ask
- Silverlake Axis vs Temenos, which core banking software company is doing better?
- Temenos is doing better on the numbers, with ARR, margin, and free cash flow all rising. Silverlake Axis grew revenue only slightly while its EBITDA and profit after tax both fell sharply in FY2024.
- Is Silverlake Axis losing customers to Temenos?
- The evidence does not confirm direct customer losses, but Silverlake Axis names Temenos as one of several rivals contesting new core banking mandates. Temenos, by contrast, shows no visible customer loss in the same period.
- Which company is more exposed to AI, Silverlake Axis or Temenos?
- Silverlake Axis is rated as partly exposed to AI absorbing its product, while Temenos is rated unlikely to face that outcome. This gives Temenos a steadier position on that front.
- Do Silverlake Axis and Temenos have similar protection from being copied by a large tech company?
- Yes, both are rated as blocked from easy copying by a giant, so neither has an advantage on that specific point.
- Which company has stronger financials, Silverlake Axis or Temenos?
- Temenos has the stronger financials shown here, with ARR up 15%, a 34.7% non-IFRS EBIT margin, and free cash flow up 15%. Silverlake Axis's FY2024 figures show slower revenue growth alongside falling EBITDA and profit.