Computer Age Management Services Ltd Share Price – NSE  /  BSE

Financial Services, Small Cap

Computer Age Management Services has appointed Santosh Kumar Mohanty (DIN 06690879) as Additional Director of the Company for a term of 3(three) consecutive years each with effect from 03 July 2024 subject to the approval of the shareholders.

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Computer Age Management Services has appointed Pravin Udhyavara Bhadya Rao (DIN: 06782450) as Independent Director of the Company for a term of 3(three) consecutive years each with effect from 01 July 2024.

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Computer Age Management Services will hold a meeting of the Board of Directors of the Company on 2 August 2024.

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Computer Age Management Services and Google Cloud have come together to revolutionize the financial services landscape by building a next-generation platform for the various business services provided by CAMS.

CAMS's platform has been integral to the asset management industry of India for nearly 3 decades, supporting the industry's growth for new product launches, market expansion, strengthened intermediation, regulatory compliance and differentiated investor services. The next generation platform, envisaged with Google Cloud, is a strategic step of the company to leverage the multiple benefits of cloud-based platforms (and emerging technologies) for the rapidly growing asset management industry and to serve the new generation, digital native investors.

The key building blocks of the platform will be design based on first principles, modularity and reusability with a rich services ecosystem, AI/ML powered digital products and data platform. AI and Automation will be integrated at every stage of the platform for automated, event-driven transaction processing with increased efficiency and accuracy. CAMS and Google Cloud have engaged closely to bring in several unprecedented functionalities for the Indian market in the areas of digital sovereignty and enhanced security measures. Google boasts of a cutting-edge global work-force operating in its India delivery centres, and a section of this talent will be deployed on this program.

The platform will be designed and developed over a five-year period with specific modules going live in phases. The incremental spend across the period will be met from internal accruals and is not expected to impact margins materially during the implementation phase.

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