CAMSfinserv partners with Microsoft India

CAMSfinserv has partnered with tech giant Microsoft India to develop a technology foundation for the Account Aggregator (AA) marketplace in India, to boost digital transformation in sectors such as credit lending, investment advisory, and personal finance management. Both the companies will jointly work to develop the digital capabilities required for stakeholders to seamlessly partner with each other, and boost inclusive financial growth in India. At the collaboration, Anuj Kumar, Managing Director CAMS, said “The Account Aggregator model represents a brand-new opportunity to make a difference to the rapid financialization taking place in the country. Our relationship with Microsoft is a natural outcome of this quest to deliver gold standards as the Account Aggregator space expands and gains relevance.”

In a press statement, CAMSfinser said that its AA offering running on the Microsoft Azure cloud platform will make sure users of stringent commitments on uptime and speed of delivery while benefitting from Microsoft’s industry-aligned solutions supplemented by its strong R&D and product engineering capabilities. After the partnership, Managing Director of Microsoft India, Sashi Sreedharan, said, “We look forward to working with CAMSfinserv to use their financial sector expertise while utilizing the power of Microsoft Azure to break down data silos and enhance customer experiences through comprehensive automation in areas such as credit lending, investment advice and personal finance management. As technology enables the BFSI industry to reimagine every aspect of their services, we are pleased for this opportunity to contribute towards this initiative in driving inclusive financial growth in India.”