Computer Age Management Services (CAMS), India’s largest registrar and transfer agent for mutual funds, announced on Wednesday the launch of CAMS Lens, an AI-powered tool capable of providing real-time contextual analysis of regulatory changes.
The tool has been developed with the objective to ensure near-instant, consistent, and accurate implementation of regulatory circulars from Sebi, provisioned to be extended to other financial sector regulators such as the RBI, Irdai, PFRDA and IFSCA.
“The regulatory environment has been complex and will become more complex because a bit of tightening happens with every regulation,” said Managing Director Anuj Kumar. The platform will go live in the next four to six weeks, he said.
The initial rollout will focus on asset managers, including mutual fund AMCs, designated investment managers, and discretionary management service providers, to be followed by depository participants and brokerages.
The company is planning to make another four AI integrations over the next two quarters, which will significantly add to its scale, capability and operating efficiency, a release said. It is also future-proofing its platform through integration of AI and other advanced technologies to support the sustained growth of the industry.