Opex in BFSI Summit 2017

Recently, Senior Vice President – New Business Mr. Abhishek Mishra was invited as a panelist at “Opex in BFSI Summit 2017” which concluded on 22-23 of June 2017 at Holiday Inn Mumbai International Airport Hotel.

At the event, Mr. Abhishek reiterated how CAMS, as a solutions partner to the BFSI industry for over 2 decades, has been focussing on design and development of technology solutions/interfaces that reflect the changing expectations of the retail customers. He also discussed how the BFSI eco system is likely to evolve over the next few years, given the convergence of technology, e-commerce practices, fintech innovations and the strengths of traditional BFSI players.

The Distinguished Guest List

Other eminent guests at the event:

About Abhishek Mishra, Senior Vice President

Abhishek has 20+ years of multinational experience in the business services industry and leads the Banking/NBFC, Electronic Payment Systems and other emerging B2C growth areas at CAMS.

He has handled key leadership roles in Change and Strategy, large Profit Center Operations, Business Development, Finance and Transformations. Abhishek is an Engineer with a MBA from IIM Lucknow, Certified PMP and Six Sigma Black Belt. He has worked with ISGN, Accenture, Washington Mutual Bank, GE and Indian Railways.

About CAMS:

CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 15 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com

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CAMS officials participate in Birla Sun Life Mutual Fund’s Investment Conclave at Bengaluru

Birla Sun Life Mutual Fund recently organised an exclusive Investment Conclave for Corporate Investors at The Lalit Ashok, Bengaluru. Building upon the success of the previous conclave, held in Mumbai,with the same agenda, the institution brought the event to Bengaluru on January 6, 2017.

Among the prestigious invitees to the exclusive event were top level executives representing Computer Age Management Services, popularly known as CAMS.The Investment Conclave, keeping in tide with the times, was aptly themed “India in the post-demonetisation era”. The occasion saw the coming together of a diverse set of thought leaders and corporate executives, that rendered the evening abuzz with insights on the impact of demonetisation with a special emphasis on the Indian mutual fund industry.

Speakers at the event included officials from the top tiers of Birla Sun Life Mutual fund and CAMS, including:

Mr. Maneesh Dangi, CO – CIO Fixed Income – Equity, Birla Sun Life Mutual fund

Mr. Bhavdeep Bhatt, Head, Institutional Sales, Birla Sun Life Mutual fund

Mr. V Srinivasan, Senior Vice President – Mutual Fund Operations, CAMS

Mr. Tilak Raj Khanna, Asst. General Manager – Distributor Services, CAMS

Mr. Y S Ramesh Raju, RM-South, CAMS

Mr. Shaji Varghese, Branch Head, Bengaluru, CAMS

Mr. P Sasidhar Raju, Sr.DSE – Distributor Services, CAMS

CAMS GoCORP, a unique solution designed to meet the investment needs of corporate investors, was was discussed in detail at the event with the panel highlghting the,  many advantages of the product.

CAMS GoCORP

GoCORP

GoCORP is a digital solution designed to empower institutional investors with the freedom to transact across multiple mutual funds serviced by CAMS through a single portal. Launched in July 2015, CAMS GoCORP has seen a steady enrollment from both large and mid-sized corporate houses across India.

The GoCORP portal allows corporate investors to transact across all participating CAMS serviced funds using single login facilities to enable multiple maker and authorizer combination as approved by the board. GoCORP also addresses compliance & audit needs of corporate investors. To know more about the Transaction features, Reports/Transaction tracking and other conveniences that come with GoCorp, please click here.

About CAMS:

CAMS Logo

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 15 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com

CAMS wins Dun & Bradstreet Business Excellence Award 2016

1 2016 has been an exciting and rewarding year for CAMS. We are wrapping up this calendar year with a prestigious award – Dun & Bradstreet award for ‘Business Excellence – Mid Corporate Segment’ in the IT/ ITeS sector.  At a grand felicitation held on November 29th at Taj Palace New Delhi, the awardwas presented by Honorable Minister of State for Finance & Corporate Affairs Shri Arjun Ram Meghwal and Honorable Minister of State for Micro, Small & Medium Enterprises Shri Haribhai P Chaudhary.  The event was themed as “It’s Time to Let the World Know”.

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The nomination for the “Business Excellence – Mid Corporate Segment” award was subject to rigorous evaluation by an eminent jury that included, Mr. M.V. Tanksale, Former Chief Executive of Indian Banks Association and Chairman Central Bank; Mr. P. Dalal, Former Executive Director EXIM Bank, and Mr. Bhushan Gagrani, Former Vice Chairman and Managing Director CIDCO.

CAMS ranked high across all of the following eight parameters to win the award:

  • Business Model
  • Operational Excellence
  • Sales and Marketing
  • Product/Service Quality
  • Innovation
  • Digital Adoption
  • Human Resource Management
  • Customer Service Excellence
  • Corporate Social Responsibility
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The award was received by N K Prasad, President & CEO, CAMS.

Coinciding with the award function, Dun & Bradstreet launched a publication ‘Leading 100 SMEs/ Mid Corporates of India 2016’. Click here to download the e-copy, CAMS has been featured on Page 97 & 99.

CAMS. Pioneer then, leader now.

A Pioneer in Technology-enabled Services

Powering

As early as the year 1988, Computer Age Management Services (CAMS) had the vision to venture into the realm of technology-enabled outsourcing services for Asset Management Industry. CAMS had the vision to build a service model with a unique platform based outsourcing, right from the start.

There has been no turning back and today, CAMS has fortified itself as an integral part of the Indian Fund industry and a trusted service partner to 16 Mutual Funds, which includes 8 out of the top 10 funds in India. CAMS has been strategically investing in technology infrastructure and digital capabilities to transform the experience of MF investor and catalyze the growth of Mutual funds.

Enabling the Present

In the context of Mutual Funds, CAMS has helped tackle the multiple challenges of acquiring new customers, by servicing relatively small ticket investments, managing MFs with small BPS linked fee on Assets under Management.

As a technology led, innovation focused firm committed to accelerate growth and reach of the MF industry in India, CAMS has been strategically leveraging digital platforms to serve the Mutual fund investor community with many first of its kind services and utilities, several of which have been replicated by other players.

Digitally Yours – Specialized Services from the house of CAMS

camsonline.com

Camsonline, the web platform of CAMS, offers extensive Self-Management services and utilities. Typical services include tools reporting consolidated reports and statements.

Services enabling eKYC, cKYC and more

CAMS uses the power of aggregation to provide a one-view of the investors’ folios on the fly. The company has launched a range of digital technologies to enable anytime, anywhere access to Mutual Funds with eKYC, and the recently enabled cKYC, to transform investor experience with unique benefits of extraordinary convenience, customization and responsiveness.

Managing MF via handheld devices

The technology solutions implemented for sales teams of Mutual Funds on handheld devices (CAMS Slate), mobile app for individual investors (myCAMS) and platform for corporate investors (GoCORP) has seen rapid adoption among the respective user community. myCAMS is the most downloaded MF mobile app in India and GoCORP is an unmatched offering for Institutional investors. The Capital Markets Regulator (SEBI) and the Fund industry have recognized these digital solutions as transformational innovations to catalyze financial inclusion and industry growth.

Preparing for the Future

With evolving industry dynamics and requirements from regulators and customers, many leading financial services firms continue to leverage on the digitally empowered services that CAMS offers for strategic operational activities. With great business insight and vast domain experience, CAMS continues to pursue and implement new, technology-enabled innovations to power the Financial Services Sector.

About CAMS

CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com

eInsurance – transforming the Insurance landscape

Riding the digital wave

These are exciting times that we are living in, what with India progressing to the next level in the digital scheme of things. With almost every industry racing to rise up to the new wave of digitization, the BFSI sector in India, which is undoubtedly crucial to the country’s overall growth and stabilization, was among the latest to extensively embrace technology, giving rise to the FinTech phenomena.

eIA

IRDAI issuance on e-insurance policies

Emerging as the bedrock of new and sustainable innovations, with the JAM trinity lending in sturdy support, FinTech in the Insurance space has evolved significantly in the past few years that the IRDAI had recently mandated that certain insurance policies are to be issued in digitized, electronic form, from October 1, 2016.

A recent article as published on Moneycontrol , covers how eInsurance can transform the Insurance landscape by changing the way policies are stored and payments are processed in the industry, with substantial references to Mr. S. V. Ramanan,  CEO, CAMS Insurance Repositories Services.

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Mr. S. V. Ramanan, CEO, CAMSRep, seen receiving the prestigious Celent & Asia Insurance Technology Award at the 5Th Asia Insurance Technology Awards (2015)

Excerpts from the article:

The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to have an e-insurance account for policies purchased after October 1. IRDAI had introduced e-insurance accounts two years ago, but has made it compulsory only recently.

The move will help not only in consolidating portfolios, but also reduce multi-step procedures and make payment and claims easier, SV Ramanan, CEO of CAMS Insurance Repository Services told Moneycontrol.

The e-insurance account will provide a single point of access to policyholders. In one account, holders can store multiple policies issued by different insurers. The existing physical policies can be converted into e-copies by the policy-holder. The electronic copies will be considered originals by the authorities. Ramanan says that nearly maturity claims of Rs 5,000 crore go unnoticed. The new system will regulate the entire cycle. As per the rules, each account will have a unique identification number and password to access also e-documents.

Not only the documents are secured in one place, it simplifies the Know Your Customer (KYC) process, making changes in existing and new policies. Another benefit is that customers will no longer have to go to insurance offices to get the work done.

The holder will have to do the KYC only once and not repeatedly for all insurances that he/she takes. The new system will provide high access to policy-holders for low data charges.

In areas where digital reach is low, the insurance companies have nearly 1,25,000 common service centers for every six villages that will help people in setting up e-insurance accounts.

On the issue of increasing cyberfrauds, Ramanan said that the electronic infrastructure is strong enough to prevent such frauds.

So far, seven lakh people have registered for the online facility and nearly 5 lakh policies have been converted.

To read the entire article, please visit: https://goo.gl/idw0uj

About CAMSRep

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CAMS Insurance Repository Services Ltd (CAMSRep), a subsidiary ofCAMS, is one of the major Insurance Repositories in India Licensed by Insurance Regulatory and Development Authority of India (IRDAI). CAMSRep, as an Insurance Repository opens unique eInsurance Accounts (eIA) for policy holders,which in essence are convenient, safe and relatively risk-free electronic policies. CAMSRep also acts as a single point of service for all ePolicies held by a policy holder. Apart from repository services, CAMSRep also provides outsourcing services to multiple Insurance Companies in accordance with IRDAI regulations. To know more about CAMSRep, please visit https://www.camsrepository.com/.

Weekly Roundup – October 8

CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.

IMF predicts subdued global growth, attributes major development prospects to emerging economies. The international organization identifies India as a bright spot of growth for the coming year.

stocks

India’s GST to usher in higher growth prospects for the country, says IMF. According to IMF experts, the new reform would act as a catalyst to business investments from abroad.

Speaking at the India Economic Summit, Indian Minister of Commerce and Industry, Ms. Nirmala Sitharaman says it is possible for the country’s economy to achieve growth by 8%, provided it is aided by an industrious use of technology and deployment of transparency in the conduct of business.

GSecs

In a significant move, the MPC and RBI lower Repo rate by 25 bps; scope to achieve 5% inflation by end of the current financial year, cited to be one of the reasons for the rate cut.

RBI

In a bid to drive financial inclusion further, India’s Central Bank unveils set of operating guidelines to be adhered by Payments and Small Finance Banks.

Banks asked to furnish financial statements by end of November, according to a recent RBI announcement.

sebi1

SEBI proposes measures for stringent regulations to govern Investment Advice mechanisms.

SEBI to undergo systematic audit to assess performance; proposes to include woman member on its board.

MF1

Mutual fund investments reach a record high of Rs.13500 Crores in equity markets, this September.

e-Insurance

IRDAI mandates most insurance policies to be issued in digitized, electronic form, from October, 2016.

About CAMS:CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com

 

 

CAMS Supports Education Initiative for Students in THIRUVALLUR

“Education is the most powerful weapon which you can use to change the world.”

― Nelson Mandela

CAMS SUPPORTS EDUCATION INITIATIVE FOR STUDENTS OF REMOTE VILLAGE IN THIRUVALLUR

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Mr. G. Manikandan, Company Secretary, CAMS and Mr. P. B. Vijayaraghavan, Officer on Special Duty, CAMS are seen with Mr. Murali of Sevalaya

As an organization, CAMS believes in giving back to the society. It has supported several initiatives on the lines of Corporate Social Responsibility, working closely with several well-known NGOs and Social Welfare Organizations that serve genuinely and work for the betterment of the society at large.

Through the years, CAMS’ inherent faith in the power of education, has led to the organization’s support for several transformational educational initiatives. CAMS firmly believes that investing in the intellectual enhancement of today’s youth would warrant a stronger, better and safer world in the future and continues to extend its support for genuine initiatives that really make a difference.

In this regard, CAMS supports 150 student-beneficiaries of a not-for-profit education initiative run by Sevalaya, a registered Charitable Trust established in 1988 with activities centered in villages Thiruvallur and Kancheepuram district. Currently operating out of the remote Kasuva village, near Tiruninravur in Tiruvallur District, Tamil Nadu, the professionally managed organization is governed by a Board of Trustees drawn from industry and social sectors with a sense of deep commitment to sustained social development.img-20160730-wa0016

Under the initiative, students are provided access to free education, two sets of uniform, notebooks, stationery and other strategic educational aids.

It is noteworthy that Mr. Murali of Sevalaya was recently honoured with the prestigious award for Best Social Worker, for the year 2016 by the honourable Chief Minister of Tamilnadu, at the Independence day function held at Fort St. George, on August 15, 2016.

CAMS prides itself on having associated with an organization that has diligently transformed several lives through education for more than quarter of a century.

About CAMS:

CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com