City-based Computer Age Management Services Ltd (CAMS) has acquired a majority stake in Think Analytics India Pvt Ltd (Think360 AI) to strengthen its account aggregator framework and enhance Artificial Intelligence and analytics services, the company said on Sunday.
It offers innovative solutions using digital technologies, including advanced analytics, machine learning, mobile, and cloud computing. Leading companies in India and worldwide can access software as a service (SaaS)-based products, data science, and technology advisory services from Think360 AI.
“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 BFSI and capital markets space,” CAMS Managing Director Anuj Kumar said.
“The product and solution suite of Think360 AI is a great fit for our account aggregator offering, which would help solidify our position as a digital public infrastructure,” he said in a company statement here.
Amit Das, co-founder and CEO of Think Analytics India Private Limited, stated that the Think360 AI team is excited to join the CAMS Group. This company has sustained leadership in the financial technology industry.
“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,” Das said.
“This will also fortify our ability to tap the immense potential of the account aggregator market. Collaboratively, we look forward to driving transformation in a true sense with new-generation technologies,” he said.