Mumbai, December 19, 2019: JM Financial Services Ltd. the dedicated financial services arm of the JM Financial Group, counted amongst the most respectable names in capital markets released details of its new innovative, easy to use, digital solution that will allow its registered Independent Financial Distributors (IFD) to book Corporate Fixed Deposits for their end clients through its website www.jmfinancialservices.in
Aimed at helping distributors scale their business and focus on strengthening client relationships, JM Financial, the Industry first’s “Fixed Deposits Online” solution will provide both sub-broker assisted transaction as well as investor self-initiated transactions in Corporate Fixed Deposits from institutions of high repute and rating.
By combining technology and goals-based financial planning with personal advisory relationships, the solution will helps its distributors meet the needs of the more than 60% of investors who want a combination of digital capabilities as well as access to expert personal advice. The advantage of this platform is that the investor will continue to control the process, by way of authenticating or approving the transaction, without giving any Power of Attorney to debit their account. They would be able to approve the transaction either using the desktop or mobile application.
Distributors empaneled with JM Financial Services will be able to offer the services to existing as well as new clients, with one time account opening and limited paper work. The platform will be integrated with the Central Know Your Customer Registry (CKYC) thereby eliminating the need for submission of KYC for every transaction.
Commenting on the development, Mr. Surajit Misra, Executive Director & Head, Independent Financial Distributor Group, JM Financial Services Ltd said “We constantly interact with our distributors to understand, what they need and based on their feedback, are pleased to launch this solution, that will allow them to not just provide choice of financial products to their end clients, but also deliver flexibility to place online transactions through a robust and scalable platform. We see this solution increasing efficiency and offering more time to them for relationship building and customer interactions”
The paper less corporate “Fixed Deposits Online” will be in addition to the IPO and Mutual Funds distributor platform offered presently by the firm. The solution will also allow the investors to have access to a consolidated view of all their investments in one place.
The company plans to showcase the solution in a gathering of 200 plus Independent Financial distributors in Mumbai, on December 19, 2019. The attendees will be able to participate in a live hands on demonstration.
About JM Financial Services
JM Financial Services Limited is one of India’s finest brokerage firm offering broking and comprehensive investment management services to institutions, banks, corporates, high net-worth individuals and retail clients. For more information, log on to www.jmfinancialservices.in.
About JM Financial
JM Financial is an integrated and diversified financial services group. The Group’s primary businesses include (a) Investment banking, wealth management and securities (IWS) which includes fee and fund based activities for its clients (b) Mortgage Lending which includes both wholesale mortgage lending and retail mortgage lending (home loans, education institutions lending and LAP) (c) Distressed credit which includes the Asset Reconstruction business (d) Asset Management includes the mutual fund business.
The Group is headquartered in Mumbai and has a presence across 356 locations spread across 123 cities in India. The equity shares of JM Financial Limited are listed in India on the BSE and NSE.
For more information, log on to www.jmfl.com or contact
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