Aditya Birla Minacs, which is a business solutions firm that is part of India’s Aditya Birla Group, has entered a co-operative agreement with NorthStar Systems International, a US-based firm, to provide wealth management services.

Aditya Birla Minacs partners with global corporations in the banking, financial services and insurance sectors, as well as in sectors such as telecoms, infrastructure and media.

The new product combines Aditya Birla Minacs’ back and middle office services with Northstar’s wealth management platform.

“While wealth managers are concentrating on delivering superior service to clients, they are finding that a large chunk of their time gets consumed by operational bottlenecks. This leads to significant wastage of time. The new Total Wealth Management offering from Aditya Birla Minacs and NorthStar is an effective solution to this problem,” the firms said in a statement.