back Back

Datamatics digitises decision & approval and payment process for UTI Mutual Fund

By Edil Corneille

January 13, 2021

  • Datamatics
  • India
Share

Datamatics, UTI Mutual Fund, payments, digitalToday Mumbai-based Datamatics, a global digital solutions, technology, and BPM company, announced the successful implementation of its Digital Workplace Solution for UTI Mutual Fund. This involves digitising two critical processes for the seamless flow of information, higher transparency and agility across multiple offices. UTI Mutual Fund has over 160 financial centres across India with over 51,000 Mutual Fund Distributors.

As part of their digital transformation initiatives, UTI Mutual Fund wanted to digitise their paper-based processes. Multiple challenges from delays and loss of documents were faced due to the physical movement of files, delays in payment due to time taken for physical documents to move, and high cost of physical storage. Datamatics was chosen to digitise the Decision & Approval Process and Payment Process.

The Datamatics solution will provide the ability to swiftly track and access documents digitally. It will allow multiple stakeholders to access files remotely and get a real-time update on the status of the file movement.

Raghunatha Reddy – EVP & Head IT, UTI AMC said, “Datamatics has been a key partner in our Digital Transformation journey. The team was very flexible, innovative and proactive in their approach when it came to providing solution to our problem. It has been a few months since we implemented the solutions and we are happy with how we are working currently with this digital workplace.”

Bijon Mullick, SVP – Sales, Datamatics said, “We have completed more than 150 digital office projects globally helping enterprises to improve their efficiency, productivity, and scalability within a short time frame. Our extensive experience helps us to handle complex workflows involving multiple stakeholders in large enterprises. We are delighted to partner with UTI Mutual Fund. The successful implementation will enable them to improve productivity manifold.”

Datamatics Digital Workplace offers a cloud-based, paperless digital office solution. It can be customised and tailored to suit a wide set of business requirements including snail mail tracking and file management, digital office automation, and records management towards a remote collaborative workspace. It is said to enable enterprises to embrace an agile, safe, and scalable future-proof business model for supporting remote operations or the work from home culture.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article

January 13, 2021

Finastra to power Belgium-based KBC Bank’s LIBOR transition

Read More
Next Article

January 13, 2021

GPS appoints former Visa executive as Head of Asia Pacific

Read More

IBSi Prime News

Weekly

October 15, 2021

Datamatics

The Weekly Wrap: all you need to know by Friday COB

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

October 14, 2021

Zopa appoints the first Chief People Officer ahead of the 2022 IPO

Read More

October 14, 2021

CyborgTech announces investment from WealthTech developer PureFacts to expand Robo-Advisory platform

Read More

October 14, 2021

Cloud Native Computing Foundation welcomes American Express as Gold Member

Read More

Related Reports

Pages

Bank-wide
Sales League Table Report 2021

£1,500 / year

Know More

Pages

Market Reports
US Financial Services Technology Report 2021

£1,500 / year

Know More

Pages

Retail Banking
The Future of Digital Banking Report 2021

£1,500 / year

Know More

Pages

Wealth Management
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More

Pages

Wholesale Banking
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More