Chennai-born Computer Age Management Services (CAMS), traditionally known as a registrar and transfer agent, is quietly transforming into a fintech powerhouse spanning payments, mutual funds, insurance, and alternative credit analytics. “We were the original fintech companies,” said Vasanth Jeyapaul, Chief Executive Officer of CAMSPay. “We never called ourselves that, old-generation fintech.”
CAMS has expanded its leadership in mutual funds, servicing ₹45.1 trillion in assets under management in FY25 and surpassing ₹50 trillion in June 2025. Its one-stop investor platform, MF Central, continues to introduce new features for consolidated services. The company recently onboarded new asset management companies, including Jio BlackRock, which launched a ₹17.8 billion new fund offer using CAMS systems. Despite its scale, CAMS prefers to operate quietly. “CAMS never wanted to be a public-facing brand,” Jeyapaul said. “We do some meaningful business, but we do it quietly.”
A major shift occurred in October 2024 when CAMS received approval to operate a payments entity. The cloud-native gateway can process up to 5,000 transactions per second, signaling a move from legacy back-office operations to a modern payments backbone. “Banks, including public sector banks, are increasingly outsourcing payments operations and merchant acquisition,” Jeyapaul explained. “We wanted control, scale and modernity and to become the partner that is cheaper, better, faster.”
CAMS is also targeting retail investors through a new QR-based product that allows distributors and small merchants to enable systematic investment plans via UPI autopay. “We will initially restrict QR for mutual funds only, because security and fraud concerns are high,” Jeyapaul said, noting that several asset management companies are already participating.
In insurance, CAMS is piloting Bima Central, a portfolio aggregator and gap-finder connecting customers to funding partners. The platform, which has won regional recognition, targets India’s low insurance penetration. The company is also testing alternative credit analytics using UPI transaction data to help banks and NBFCs reach customers beyond the credit bureau network. CAMS is active in account aggregation, recurring payments, and blockchain pilots for mandate setup.
While many fintechs chase scale with consumer-facing apps, cashback, and gamified onboarding, CAMS remains focused on its conservative, B2B DNA. Its growth story is quieter but potentially more enduring. By leveraging its reputation as a trusted partner for banks and asset managers, CAMS continues to provide the infrastructure on which other financial services are built.
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