Dear Valued Partners,

We, at KFintech would like to clarify to our esteemed clients & Distributors regarding the absence of any direct or collateral impact to our business operations with respect to the aforesaid order in the matter of Karvy Stock Broking Limited. There is no impact on KFintech either direct or indirect.

  • KFintech performs Registrar and Transfer Agency activities as a separately registered body with SEBI.
  • KFintech is a Board governed company, operates like a professionally run listed company.
  • KFintech Board has nominees from General Atlantic, a professional as Managing Director and CEO, a few prominent names from varied sections of the industry, as Independent Directors, a woman Director.
  • This governance structure, coupled with several Board & Management Committees, brings in the right blend of leadership skills, operational experience, BFSI domain expertise and industry veterans overseeing & guiding the businesses.
  • KFintech has elaborate policies, procedures and practices in line with the requirements of above-mentioned SEBI circulars on technology related matters for managing security and privacy of information or data. Frameworks like ISO 27001:2013 as referred in the SEBI circulars are considered in defining our security and audit frameworks and implemented by constituting of a Technology Committee comprising of KFintech Leadership team, CISO, whole time IT and Operations Heads, administrators representing Operating System, Network, Database and Security and an independent external expert with adequate experience in the area of technology in Mutual Fund industry.
  • KFintech is certified for CMMi Level 3 for DEV & Services Highest data security & process driven organization.
  • Apart from this, KFintech also ensures concurrent audits, strong surveillance processes, etc., apart from being subjected to various external audits and checks.
  • KFintech operates in a highly regulated environment, compliant with

    • SEBI QRTA guidelines
    • Cyber Security & Cyber Resilience framework
    • Regulatory Inspections
    • System Audits
    • Governance by Depositories, besides client driven audits
  • KFintech runs almost all its business applications in its proprietary technology
  • The entire range of servers / SAN devices in the data center are exclusively owned and managed by KFintech
  • Ownership of these assets cuts across both primary and secondary data centers

We once again assure you that we continue to provide you with our superior FinTech products and services, as has been and its business as usual at KFintech.

Regards
Distributor Support Services Team