Asset management firms (AMCs) manage a vast volume of investor funds spread across multiple schemes, each backed by one or more bank accounts. This complexity comes with different operational challenges, including logging into various bank portals, downloading statements manually, and reconciling data on spreadsheets.
That’s where OPEN’s multi-bank connector for AMCs becomes a game-changer.
What Is a Multi-Bank Connector?
A multi-bank connector is a connected banking solution that integrates with multiple banks to bring all account data—balances, transactions, statements, and payments into one central platform.
Think of it as a unified layer between your core operations and your banking relationships, giving your finance and treasury teams:
- Real-time visibility across all current accounts,
- One-click access to statements, and
- Centralized disbursal and reconciliation workflows.
Why It Matters for Asset Management Companies
A multi-bank connector helps address key challenges AMCs face, such as a lack of real-time visibility, manual reconciliation, and fragmented workflows.
Explore our blog on connected banking for AMCs for a broader view on how it simplifies treasury management.
1. Real-Time Visibility into Scheme-Wise Cash Flow
With a multi-bank connector, AMCs can view real-time balances across all accounts, grouped by scheme or bank type. This helps treasury teams make smarter finance decisions.
There are no more toggling between bank logins—Just a single dashboard that mirrors your operational structure.
2. Streamlined Reconciliation and Reporting
AMCs often spend hours reconciling payouts, redemptions, and inward flows from investors. A multi-bank connector automates statement fetching and enables cumulative reporting, reducing turnaround time for compliance and audits.
3. Controlled Access Across Teams
With role-based access, AMCs can assign permissions to treasury, compliance, and audit functions across internal teams and subsidiaries. The platform supports secure operations, reduces human error, and ensures audit readiness.
4. Centralized Payout Initiation
AMCs can initiate disbursals directly from the platform via NEFT, RTGS, or IMPS (through supported banks). No more relying on individual portals or fragmented workflows.
Whether investor redemptions or vendor payments, everything is trackable, authorized, and logged centrally.
5. Go Live in Under 2 Weeks
OPEN’s Connected Banking solution is natively integrated with 16 of the top 20 banks in India, so AMCs can go live in under 2 weeks. The system is fully RBI-compliant, secure, and supported by a dedicated success team.
How It Works for AMCs
Getting started with a multi-bank connector is fast and frictionless. OPEN’s team will work closely with your treasury and operations teams to tailor the platform to your needs.
Here’s how the process unfolds:
- Connect with the OPEN team to define your bank ecosystem and scheme structure
- We configure the dashboard with relevant access roles, schemes, and bank integrations
- You go live in days, with the ability to add more accounts, generate reports, and disburse funds—all from one place
A Smarter Way to Manage Multi-Bank Workflows
Without a multi-bank connector, treasury operations in AMCs remain manual, fragmented, and error-prone. With one, you gain visibility, control, and speed—so you can focus on scaling investor trust and operational efficiency. Contact us if you’re exploring ways to simplify your treasury operations.
