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CAMS Collaborates with Google Cloud for Asset Management Platform Upgrade 👨‍💼

Computer Age Management Services Ltd (CAMS) has partnered with Google Cloud to enhance the platform for various business services in the asset management industry. This collaboration aims to revamp the largest platform serving the Indian asset management sector by incorporating next-generation capabilities. The project involves designing and developing the platform over a five-year period and implementing specific modules gradually to enhance the platform’s functionality.

Key Highlights of the Collaboration 🚀

– CAMS teams up with Google Cloud for asset management platform upgrade
– Emphasis on modernizing the platform with next-generation capabilities
– Five-year timeline for development and implementation of new modules
– Strategy to enhance the largest platform in the Indian asset management industry

Platform Modernization for Industry Growth 📈

Managing Director Anuj Kumar of CAMS expressed enthusiasm about the platform upgrade, highlighting the pivotal role the technology platform plays in the Indian Mutual Fund industry. Over the years, the platform has effectively served investors and the industry ecosystem, garnering a market share of around 68 percent. While the existing platform has been resilient, CAMS aims to prepare for industry growth by adopting a modernized approach with a distributed, service-oriented cloud native architecture.

CAMS’s Vision for the Future 🌟

– CAMS preparing for industry growth momentum with a modernized platform
– Shift towards a distributed, service-oriented cloud native architecture
– Focus on scalability, reliability, and compliance with industry regulations
– Partnership with Google Cloud to leverage domain expertise and robust solutions

Hot Take: What This Means for You 🔥

As a crypto enthusiast looking to stay informed about technological advancements in the asset management industry, CAMS’s collaboration with Google Cloud signifies a significant step towards modernizing platforms for improved functionalities and capabilities. This strategic partnership highlights the importance of leveraging cutting-edge technologies to enhance service offerings in the financial sector, ensuring better user experiences and streamlined operations.