KFin Technologies Ltd. has officially joined BlackRock’s Aladdin Provider network, the company announced today. The strategic partnership aims to enhance the asset management company’s operational efficiency through advanced technological integration.
The shares of KFin Technologies Ltd were trading at ₹1,264.75 up by ₹28.85 or 2.33 per cent on the NSE today at 1.35 pm.
By leveraging Aladdin’s proprietary data interfaces, KFintech will digitize manual processes and improve data integration with asset managers. The collaboration will enable real-time research fund activity tracking and streamline middle office operations.
Sreekanth Nadella, Managing Director and CEO of KFin Technologies, highlighted the significance of the partnership, emphasizing its alignment with the company’s vision to deliver data-driven solutions globally. The move is expected to provide clients with a more streamlined operating model and reduced operational risks.
KFintech, currently servicing 24 out of 43 asset management companies in India and holding a significant market share in various financial service segments, sees this partnership as a key strategic advancement. The company’s expertise spans over four decades in asset servicing and digital solutions.
Tarek Chouman, Global Head of Aladdin Client Business at BlackRock, welcomed KFintech to the network, emphasizing the platform’s ability to connect data seamlessly across the investment workflow.
