PMS Bazaar & EbixCash Partner for India’s 1st All-in-One Investment Portal
August 26 2019 - 7:31AM
Ebix Inc. (NASDAQ: EBIX), the leading international supplier of
On-Demand software and E-commerce services to the insurance,
financial, healthcare and e-learning industries, today announced
that one of its subsidiaries in India, EbixCash Financial
Technologies has partnered for a strategic collaboration with PMS
Bazaar to introduce a one-stop portfolio management services (PMS)
& alternative investment funds (AIF) tracking portal for
investors.
EbixCash partnership with PMS Bazaar is historic
as it will leverage the comprehensive offering to cover its entire
wealth management functions across its various business units,
replacing multiple legacy systems and improving efficiency. The
newly introduced portal lets investors look into their PMS &
AIF dashboards comprising different investments with comparison
charts, analytics metrics and other information combined with
expert investment advice. Now investors can seamlessly analyze
their entire gamut of investments in a click. The comprehensive
platform offers investors easy access to various PMS &
AIF investment reports in one go. For more information on PMS
Bazaar, please visit www.pmsbazaar.com
The EbixCash Financial Technology Division is
targeting to provide technology-based end-to-end SaaS products and
services to the Financial Industry worldwide. The Division has
emerged as a leader in India in the segments of lending technology,
asset & wealth management technology, travel technology besides
having grown its international expanse to Europe, Middle East,
Africa and ASEAN countries. With an estimated 70 percent of its
revenues coming from International operations while centralizing
its intellectual property in India, the Division has continued to
live the “Make in India” dream laid out by the Indian PM Narendra
Modi.
Hameed Rahman, Director - PMS Bazaar said, “We cannot expect the
field force of today, to work effectively with our Clients &
Partners while dealing with a ton of paperwork. We need to unburden
and empower them with the latest tools. EbixCash’s MoneyWare
solution was an easy choice for us because the MoneyWare suite
allows PMS Bazaar to bring forth the technology advancements that
are needed to keep us competitive and enable business growth”.
Milan Ganatra, Managing Director - EbixCash
Financial Technologies said, “MoneyWare Wealth Management is a
proven state of the art solution with high degree of scalability
and flexibility. We are sure that with this deployment, PMS Bazaar
is well poised to leverage its existing investments in technology.
It will also help them to enhance the ease of doing business with
their Clients & Partners. EbixCash is also partnering with PMS
Bazaar to utilize the emerging Client Portal to its fullest
extent.”
About PMS Bazaar
PMS Bazaar is India’s first online portal for
investors looking for portfolio management services (PMS) &
alternative investment funds (AIF) comparisons, investments,
information, analytics and investment advice. PMS Bazaar covers
nearly the entire range of PMS & AIF avenues available in
India. PMS Bazaar currently serves 8000+ Registered Investors, with
100+ strategies and supports investors across 10+Countries. For
more information on PMS Bazaar, please visit www.pmsbazaar.com
About Ebix, Inc.
With 50+ offices across 6 continents, Ebix,
Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and
E-commerce services to the insurance, financial, healthcare and
e-learning industries. In the Insurance sector, Ebix’s main focus
is to develop and deploy a wide variety of insurance and
reinsurance exchanges on an on-demand basis, while also, providing
Software-as-a-Service ("SaaS") enterprise solutions in the area of
CRM, front-end & back-end systems, outsourced administration
and risk compliance services, around the world.
With a "Phygital” strategy that combines 320,000 physical
distribution outlets in many Southeast Asian Nations (“ASEAN”)
countries, to an Omni-channel online digital platform, the
Company’s EbixCash Financial exchange portfolio encompasses
leadership in areas of domestic & international money
remittance, foreign exchange (Forex), travel, pre-paid & gift
cards, utility payments, lending, wealth management etc. in India
and other markets. EbixCash’s Forex operations have emerged as a
leader in India’s airport Foreign Exchange business with operations
in 32 international airports including Delhi, Mumbai, Bangalore,
Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in
gross transaction value per year. EbixCash’s inward remittance
business in India conducts approx. $6.5 billion gross annual
remittance business, confirming its undisputed leadership position
in India. EbixCash, through its travel portfolio of Via and
Mercury, is also one of Southeast Asia’s leading travel exchanges
with over 2,200+ employees, 212,450+ agent network, 25 branches and
over 9,800 corporate clients; processing an estimated $2.5 billion
in gross merchandise value per year. For more information, visit
the Company’s website at www.ebix.com
CONTACT:
Darren JosephIR@ebix.com or 678 281 2027
David Collins or Chris EddyCatalyst Global - 212-924-9800 or
ebix@catalyst-ir.com
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