CAMS expands digital solutions portfolio with majority stake acquisition in Think Analytics
Summary
The acquisition will help CAMS fulfil its vision of providing technologically superior products in the rapidly expanding BFSI and capital markets sectors, the company said. Anuj Kumar, Managing Director-CAMS, said, "With AI, Analytics, and data-led technologies becoming mainstream to solve problems, and to transform and grow businesses, we found investing into Think360 AI as a good opportunity that will assist CAMS in building overall market reach and drive innovation in the rapidly growing BFSI and capital markets space. The product and solution suite of Think360 AI is a great fit for our Account Aggregator offering, which will help us solidify our position as a digital public infrastructure. The synergy between CAMS and Think360 AI will essentially focus on bringing high-impact innovation across the financial services landscape and creating market-leading advantages for our clients. Algo360, FlowXpert, KwikID, AAmaze primarily caters to customers in the BFSI segment and has expanded to serving pharma, consulting, technology, energy and oil & gas industry as well.
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