{"id":16658,"date":"2021-12-20T01:58:44","date_gmt":"2021-12-20T06:58:44","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/lic-mutual-fund-adopts-bloomberg-solutions-for-enterprise-wide-digital-transformation\/"},"modified":"2023-04-12T16:43:48","modified_gmt":"2023-04-12T20:43:48","slug":"lic-mutual-fund-adopts-bloomberg-solutions-for-enterprise-wide-digital-transformation","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/lic-mutual-fund-adopts-bloomberg-solutions-for-enterprise-wide-digital-transformation\/","title":{"rendered":"LIC Mutual Fund adopts Bloomberg Solutions for enterprise-wide digital transformation"},"content":{"rendered":"
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Mumbai \u2013 Bloomberg announced today that LIC Mutual Fund Asset Management Limited. (LIC MF), one of India\u2019s leading asset management companies, has adopted Bloomberg Buy-Side Solutions to enable enterprise-wide digital transformation and automation. LIC MF will use Bloomberg\u2019s Asset and Investment Manager (AIM) and Bloomberg Vault across its investment workflows including research, fund management, trading, operations and investment compliance, enabling the firm to successfully navigate a fast-evolving market and regulatory environment.<\/p>\n

Bloomberg AIM is a leading order management system and part of Bloomberg\u2019s comprehensive buy-side solutions that offer multi-asset capabilities to support every stage of the investment life cycle. LIC MF will use Bloomberg AIM for portfolio analytics, order and execution management and trading compliance. The solution will help increase the asset manager\u2019s efficiency and agility, thereby optimizing operations and provide tools for regulatory compliance.<\/p>\n

Bloomberg Vault is a hosted service that offers compliance and surveillance functionality to LIC MF to help meet regulatory obligations and elevate business controls and standards. Vault enables firms to capture and archive their e-communications data and to perform proactive monitoring and surveillance to analyze such data on a real time or historic basis.<\/p>\n

LIC MF has also expanded the firm’s subscriptions to the Bloomberg Terminal, which is used by the world\u2019s leading business and financial professionals for real-time data, news and information.<\/p>\n

Mr. Dinesh Pangtey, Whole time Director & CEO, LIC Mutual Fund Asset Management Limited said, \u201cAmidst a constantly evolving regulatory and market environment, it is imperative for asset management companies to adopt best-of-breed technology to gain a competitive edge. We are pleased to partner with Bloomberg on our journey of digitalization while we prepare for future growth. Bloomberg\u2019s holistic suite of solutions will help technological integration of our key functions and significantly boost efficiencies.\u201d<\/p>\n

Mr. Prashant Thakkar, COOT (Chief of Operations & Technology), LIC MF, said, \u201cWe are excited to partner with Bloomberg in bringing the change needed to meet increased requirements of data quality, integrity and availability, to facilitate investment decisions and controls around it.”<\/p>\n

\u201cWe are pleased to partner with LIC MF to equip them with Bloomberg\u2019s holistic suite of integrated solutions and help support them to their next stage of growth. We are constantly striving to provide clients with technology to help expand their capabilities, streamline their operations, improve investment and regulatory compliance workflows and aid efficiencies across the board,\u201d said Rajiv Mirwani, Head of Enterprise Sales \u2013 South Asia, Bloomberg.<\/p>\n

Bloomberg\u2019s Buy-Side solutions deliver front-to-back technology for the investment lifecycle, from decision support and order management, to portfolio management and post-trade services, for some of the largest asset managers, asset owners, and hedge funds. Bloomberg AIM, a leading order management system (OMS), is used by nearly 15,000 professionals at over 900 client firms globally to manage more than $17 trillion in assets. PORT is a multi-asset portfolio and risk analytics solution that delivers advanced risk and return attribution models. PORT has 47,000 active users across 15,000 client firms globally. Bloomberg\u2019s post-trade offering streamlines post-trade workflows and reduce operational risk through reconciliation, straight-through processing (STP), settlement exceptions and collateral management solutions. For more information on Bloomberg\u2019s Buy-Side Solutions, please click here<\/a>.<\/p>\n

About Bloomberg<\/strong>
\n<\/strong>Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.<\/p>\n

For more information, visit Bloomberg.com\/company or request a demo.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"Mumbai \u2013 Bloomberg announced today that LIC Mutual Fund Asset Management Limited. (LIC MF), one of India\u2019s leading asset management companies, has adopted Bloomberg Buy-Side Solutions to enable enterprise-wide digital transformation and automation. LIC MF will use Bloomberg\u2019s Asset and Investment Manager (AIM) and Bloomberg Vault across its investment workflows including research, fund management, trading, [...]","protected":false},"featured_media":0,"template":"","format":"standard","categories":[1469,86,17],"press_tag":[110,79],"class_list":["post-16658","press","type-press","status-publish","format-standard","hentry","category-announcements","category-bloomberg-professional-services","category-press-announcement","press_tag-bloomberg-professional-service","press_tag-press-announcements"],"yoast_head":"\nLIC Mutual Fund adopts Bloomberg Solutions for enterprise-wide digital transformation | Press | Bloomberg LP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/company\/press\/lic-mutual-fund-adopts-bloomberg-solutions-for-enterprise-wide-digital-transformation\/\" \/>\n<meta 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