KFintech drives Digital Transformation with Amazon Web Series
By Gloria Methri
KFin Technologies Limited (KFintech), a technology-driven financial services firm is using Amazon Web Services (AWS), to help the asset management industry transform digitally and build new products. The products include interactive dashboards that use AWS machine learning to automatically look for investment patterns, such as investor age and income, and identify new revenue streams.
Leveraging AWS capabilities, KFintech will help provide its clients with the best business program and portfolio strategies to build the next generation of solutions in the capital market. For example, KFintech built a cloud solution serving initial public offering (IPO) information to investors across India, easily handling more than 100,000 investor requests for IPO information per second.
Sreekanth Nadella, MD & CEO, KFintech, said, “With AWS, we can accelerate digital innovation in every part of our business, building transformative technology to serve our clients and communities and provide them the best experience. Having worked with AWS for many years, I am confident that we will provide more business solutions driven by data and cloud that solve meaningful customer challenges.”
Puneet Chandok, president of Commercial Business, AWS India & South Asia, added, “KFintech leverages AWS to provide business and technology consulting services to its customers, helping them accelerate their cloud journeys. AWS’s breadth and depth of cloud services help KFintech develop new capital market offerings, which support the digital transformation efforts of financial services organizations across India.”
In India, KFintech is one of the largest investor solution providers to mutual funds, based on the number of AMCs serviced as on January 31, 2022. It is also the only solutions provider that offers services to asset managers such as mutual funds, alternative investment funds, wealth managers, and pension as well as corporate issuers.
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