ICICI Securities Limited is the largest retail brokerage and investment firm in India. The company launched their Robo Advisory Platform Track&Act™ using MATLAB® as its advisory engine. A major enhancement to the company’s existing financial planning and advisory practice, Track&Act™ matches assets to liabilities and dynamically monitors each customer’s target asset allocation, savings rate, and portfolio progress. The platform’s advisory engine automates previously manual processes, enabling the company to offer personalized financial planning to its customer base, which comprises more than 3.6 million investors.
“The robustness and scalability of the platform that we developed lay the foundation for rapidly growing our advisory and financial planning practice—something that would just not be possible if we were using spreadsheets or similar tools,” says Abhishake Mathur, Senior Vice President for Investment Advisory Services and Customer Service at ICICI Securities.