Computer Age Management Services Ltd (CAMS) has collaborated with Google Cloud to develop next-generation platform for various business services, in the asset management industry.
The initiative aims to modernise the largest platform serving the Indian asset management industry with next generation capabilities.
The next generation platform, envisaged with Google Cloud, is a strategic step of the company to leverage the multiple benefits of cloud-based platforms and emerging technologies for the rapidly growing asset management industry, CAMS said in a statement here on Tuesday.
The platform would be designed and developed over a five-year period with implementation of specific modules in a phased manner.
Commenting on the development, CAMS Managing Director Anuj Kumar said, "our technology platform has been the financial infrastructure for the Indian Mutual Fund industry, serving investors and the complex ecosystem diligently, while scaling up to build a market share of about 68 p
