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Corporate News
21-Aug-23
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CAMS onboards all 17 AMCs on its AA platform - CAMSfinserv
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CAMSfinserv, one of the first RBI licensed Account Aggregators(AA) in India, today announced onboarding of all seventeen AMCs (Asset Management Companies) serviced by CAMS as Financial Information Providers (FIPs) on the AA platform, making it the first in the industry
to provide access to mutual fund data.
This integration of Mutual Funds with the CAMSfinserv platform will play a significant role in the development of the AA framework in India. Customers will be able to access and share both their mutual fund holdings and bank account transactions from a single and secure platform, track their investments, identify areas where they can save and make better financial decisions in a more convenient and hassle-free way. This will help Asset Management Companies to attract and retain
customers by simplifying the access and management of their financial data, improve risk management, ensure compliance, personalize financial offerings, and improve or innovate existing operational processes.
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