CAMS has developed a solution that will allow upcoming investors to complete the KYC process with OTP-based Aadhaar Authentication, through the digital route.
Computer Age Management Services (CAMS), a technology-driven financial infrastructure and services provider has unveiled its e-KYC facility. CAMS has developed a solution that will allow upcoming investors to complete the KYC process with an OTP based Aadhaar Authentication, through the digital route. This is a simple method as against the earlier XML based verification.
CAMS Investor Services Private Limited and CAMS is among the eight securities-based entities which have been granted approval to undertake Aadhaar Authentication. CAMS is a tech-driven financial infrastructure and service provider to financial institutions for 20 years. They are a leading market Registrar and Transfer Agency to the Mutual Funds of India serving about 70% of the average assets under management as of mid-2020. They have various touch points across the country such as pan India network of Service centres, White Label Call centre, Online, Mobile app, and Chatbot Services. KYC has been made compulsory for all investors in the mutual funds industry.
Source: Business World
