The R&T has launched four technology solutions for distributors which will help transacting in mutual funds easier and faster.
CAMS today announced the launch of its ‘Anytime, Anywhere Mutual Funds’, a mobility enabled technology solutions for mutual funds.
The introduction of ‘Anytime, Anywhere Mutual Funds’ using tablets, digital pens, hand held devices and smart phones would facilitate mutual fund relationship managers and distributors in reaching out to investors across the country at their doorstep, accept and submit mutual fund transactions and deliver a delightful investing experience, said a press release issued by CAMS.
These devices enable digitization and near real time data transfer from virtually any part of the country, assuring same day NAV to investors, the release added.
N K Prasad, President & CEO, CAMS said: “In its continued endeavour to bring technology enabled solutions to promote mutual fund growth, CAMS is pleased to present ‘Anytime Anywhere Mutual Funds’ for mutual funds and their distributor fraternity to carry out their business far more conveniently and also grow their business in new markets where there are no physical official points of transactions.”
‘’The mutual fund investors would be spared from elaborate form filling, rushing to time stamp, anxiety about transaction completion, which now would be a thing of the past,’’ added Prasad.
CAMS has launched four solutions – CAMS slate, CAMS swift, CAMS scribe and my CAMS.
CAMS slate
This
application can be used on any tablet / smart phone and acts as an official
point of transaction which is ideal for AMC market representatives,
relationship managers and distributors. This app provides CRM, image capture,
KYC completion, additional purchase, redemption and switch, time stamping, etc.
CAMS swift
CAMS swift is a customizable hand held device which can be used from anywhere in India where a mobile phone works to accept and submit mutual fund transactions. It is suitable for B-15 penetration where physical official point of transactions are not available.
It is a 2G / 3G enabled device which has in-built camera, USB Port, Printer, SIM and biometric app. It enables KYC and biometric authentication using Aadhar database. It also has a debit card swipe facility which will enable users to accept cash and issue receipts. The device is designed especially for new cadre of distributors who accept small ticket/micro SIPs.
CAMS scribe
It is a digital pen which uses ICR technology which does away with the process of digitising hand written forms and instructions. It facilitates instant data and image capture and is ideal for AMC sales force and distributors.
My CAMS
This is an app which runs on Android and iOS devices which helps in transacting and managing information in a faster, easier and smarter way for mutual fund investors. Through this app one can submit query or register complaint to CAMS customer care center, order encrypted statements, access account profile, see portfolio details, redeem, invest, switch and do much more.
