Computer Age Management Services Ltd.

BSE: 543232 | NSE: CAMS
Small Cap | Depository Services
738.10
-2.85 (-0.38%)
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CAMS expands AI-powered digital customer onboarding solutions to insurance sector

Date: 02-02-2024

Computer Age Management Services (CAMS) has expanded its AI-powered digital customer onboarding solutions to the insurance sector by securing a major mandate from Oriental Insurance Company (OICL). CAMS Insurance Repository Services (CAMS Rep), a wholly owned subsidiary of CAMS and the 2nd largest Insurance Repository in India won the digital KYC mandate from OICL, its first non-life insurance client. This mandate marks one of the largest KYC contracts for CAMS Rep and signifies its strong entry into the non-life insurance sector.

The modern state of the art customer onboarding, Digital KYC, Video KYC and risk assessment stack is built on KwikID, the proprietary solution of Think360 (Think Analytics India), another subsidiary of CAMS. The solution covers the entire online KYC journey for both retail and corporate customers, ensuring a smooth and secure onboarding experience across all OICL's distribution channels.

Computer Age Management Services offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI (banking, financial services and insurance) sector, largely the mutual fund industry.