India’s Leading BFSI & FinTech Companies 2024

[ ASSET MANAGEMENT SECTOR OVERVIEW ] India’s Leading BFSI and FinTech Companies 2024 52 ASSET MANAGEMENT GAME CHANGERS INCLUSIVE BFSI MODELS The online presence of Mutual Fund Distributors (MFDs) will help in expanding reach and accessibility to untapped segments. Online MFD platforms will also be used to build brand awareness and engage with potential customers. TECH TSUNAMI AI-based tools will serve as a huge asset to asset management segment. The sector will witness enhanced adoption of algorithms like XG Boost, Random Forests, and Regression Analysis of customer portfolios. RPA and AI/ML technologies are being increasingly deployed in asset management to gain process efficiencies from automation and analytics. These technologies will also be leveraged across advisers to help identify common traits or unexpected events within vast data sets, stitch together nuanced data insights, and interpret data rapidly and at scale. NEXT-GEN CUSTOMER EXPERIENCE The use of mobile applications and online platforms has enabled investors to easily transact and monitor their investments, leading to a surge in the number of online transactions. CYBERSECURITY REVOLUTION Asset management segment will continue to investment in various cybersecurity products like endpoint security, cloud security, incident response management and firewalls to name a few. REGULATORY SANDBOXES Association of Mutual Funds in India has launched an internship plan under a regulatory sandbox initiative for new qualifying individuals to be trained to become mutual fund distributors (MFDs). This is expected to increase the number of MFDs in the coming years and stimulate financial inclusion. AMCs Dun & Br dstreet