Hyderabad: K Fin Technologies Limited (KFintech), a leading technology driven financial services platform providing comprehensive services and solutions across various asset classes in the capital market, today announced the launch of its operations in Gift City. KFin Technologies Ltd announces the launch of its services in GIFT City
K Fintech has formally signed up with four Gift City funds and two Global Funds in Gift City. The fintech will hire more than 600 employees, most of whom will be local, to serve a diverse global clientele.
That fintech provides end-to-end services to its clients in fund administration and transfer agencies. The company’s fund administration platform is a multi-geography, multi-currency investment management product that fully caters to the functions required by fund management industry verticals. It covers almost all asset classes (around 50) and is designed for use by fund accounting service providers.
Srikanth Nadella, MD & CEO of K FinTech said, “The establishment of IFSCA is an important step towards facilitating India-related financial services transactions in India, with the aim of providing a world-class regulatory environment with an overarching vision of promoting greater coordination among inter-regulators and ease of doing business in the gift city.” Our presence in Gift City will provide the necessary market infrastructure and services to customers looking to establish their presence in Gift City.
With Indian asset managers expanding their business globally and establishing a presence in Gift City, foreign fund managers have also launched their funds in Gift City. This has increased the need for fund management solutions and services managed from Gift City.
K FinTech has been a leader in serving its growing clientele with an integrated technology platform providing RTA, fund accounting, digital and fund related administrative services. Our IBU in Gift City will cater to the growing demand in Alternatives, Private Wealth and Portfolio Management services. As our 35 percent market share is from alternative clients, our business is growing both locally and globally.”