KFintech’s INSTA brokerage facility will issue distributor commission immediately. details here

Commenting on the launch, Satish Nuggu, Chief of Technology and Operations (CTOO), Keffin Technologies, said, “We are delighted to launch Insta Brokerage – an idea that aims to provide ease of doing business (EODB) to distributors. Will usher in a new era. The response to this initiative has been very encouraging with our AMC customers in various stages of launch shortly. Kefintech manages mutual fund operations for 27, out of which 2 out of 44 AMCs are yet to commence operations.”

Keffin provides software-as-a-service (SaaS) based end-to-end transaction management, channel management, compliance solutions, data analytics and various other digital services, which are relevant to asset managers of various segments as well as global players. Provides outsourcing services.

“MF Distributors are the backbone of this industry and equipping them with every solution that makes a difference to them is a vital synopsis of Kefintech’s pricing system. This (Insta Brokerage) solution provides Mutual Fund distributors with quick realization of commissions. so that they can better focus on investor acquisition and engagement.”

The company said that UTI Asset Management Company has taken the lead in rolling out this feature.

“The distributor fraternity is at the core of our business and we at UTI, always believe in the spirit of being a true partner for them. UTI AMC, one of the leading AMCs in the country has rolled out this initiative for its distributors and it has been an immediate success measured by the high adoption rate. Over the past few years, with Kefintech, we have been investing in capacity building and computing capabilities by adopting the latest technologies, delivering near real-time access to our investors and partners.”