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Business EconomyPosted at: Mar 6 2023 12:09PM


CAMS acquires majority stake in Think Analytics

Chennai, Mar 6 (UNI) Computer Age Management Services Limited (CAMS),
India's leading technology infrastructure and services provider for financial
services industry, today announced the acquisition of a majority stake in
Think Analytics India Private Limited (Think360 AI), a full-stack AI and data
sciences firm.
CAMS Managing Director Anuj Kumar 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. We were also impressed by the founding team’s journey of
having bootstrapped, built and scaled the company successfully”, he said.
Mr. Amit Das, Co-Founder & CEO of Think360 AI, said, "The Think360 AI team
is excited to be a part of CAMS group, a company that has attained sustained
leadership in the financial technology domain."
"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. This will also fortify our ability to tap
the immense potential of the Account Aggregator market”, he added.
“Collaboratively, we look forward to driving transformation in a true sense with
new-generation technologies” he said.
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