CAMS said, the next generation platform envisioned with Google Cloud is a strategic move by the company to leverage the multiple benefits of cloud-based platforms and emerging technologies for the rapidly growing asset management industry.

“The company is gearing up for the pace of industry growth with a modern platform that combines a distributed, service-oriented, cloud-native architecture with a modular design to ensure flexibility, scalability, improved time-to-market, and Will adopt and ensure zero downtime deployment,” CAMS MD Anuj Kumar said in a statement.

The main themes adopted for the platform are design based on first principles, modularity and reusability with a rich service ecosystem.

The mutual fund transfer agency said AI and automation will be integrated into every step of the platform for automated, event-driven transaction processing with increased efficiency and accuracy.

Bikram Singh Bedi, VP and Country MD, Google, said, “Our collaboration with CAMS is enabling them to digitally transform and reengineer their mutual fund processing and record-keeping platform, helping their investors across the country. "Ensuring easy and secure transactions." Cloud India.

CAMS and Google Cloud have worked together to bring many unprecedented functionalities to the Indian market in the area of ​​digital sovereignty and advanced security measures.