iSPIRT works to transform India into a hub for new generation software products, by addressing crucial government policy, creating market catalysts and grow the maturity of product entrepreneurs. Welcome to the Official Insights!
Financial ecosystems are rarely transformed overnight. Instead, they evolve through the steadyalignment of technology, policy, and trust. Over the past year, the Open Credit EnablementNetwork (OCEN) has been moving quietly in this direction, acting as a digital bridge betweencredit-starved MSMEs and a diverse pool of lenders.The Growth Narrative: In Q1-2025, the network facilitated 5,641 loans …
Continue reading “Broadening Credit Access: The Quiet Evolution of OCEN”
We’ve rolled out some exciting updates for DEPA‑Training, making it easier to rapidly prototype and run diverse training scenarios — complete with electronic contracts, confidential cleanrooms, privacy-preservation and configurable training SDKs. ✨ What’s new 👉 GUI for end-to-end execution 👉 Step-by-step guide to create and run your own training scenarios 👉 New scenarios introduced for complex …
iSPIRT Foundation, a technology think-and-do tank, believes India’s hard problems can be solved only by leveraging public technology for private innovation. iSPIRT, as a think-and-do-tank, pioneered the concept of Digital Public Infrastructure (DPI) The Budget starts by acknowledging that India is facing “an external environment in which trade and multilateralism are imperilled and access to …
We had published a Blog in 2016 on Sofex form confusion. It became one of the most-read pieces on our blog. Read here for ready reference. Since then, we have been exhorting the Government to remove the Softex and, more specifically, after GST came into existence. Softex forms have been replaced by RBI in a …
The calendar year 2025 has been a transformative period for the Open Credit Enablement Network (OCEN), evolving from a digital protocol into a powerhouse for financial inclusion. During 2025, OCEN successfully facilitated approximately 70,000 loans, resulting in over ₹1,600 Crore in disbursements. This journey is not just about the numbers; it is about proving that …
November 2025 has officially set a new standard for the future of cash flow based digital lending for MSMEs in India. For the first time, monthly disbursements through the OCEN protocol have breached the ₹200 Crore mark, proving that the shift toward cash flow-based lending is not just a pilot—it is a powerhouse. As we …
Continue reading “OCEN Crosses the ₹200 Crore Monthly Milestone: Redefining MSME Credit Quality”
The Micro, Small, and Medium Enterprises (MSME) sector is the engine of the Indian economy, yet for years, it has been choked by a massive credit gap. Traditional, collateral-heavy lending processes simply could not keep pace with the dynamic, short-tenure funding needs of small businesses. Open Credit Enablement Network (OCEN): Built on the principles of …
This is a two part blog series. The following is the second part. In Part 1, we traced how data collaborations are being reimagined, and laid out the conceptual foundations. From redefining consent through the Account Aggregator framework, to recognizing the limits of consent. We explored how privacy-preserving frameworks like differential privacy protect individuals even …
Continue reading “Privacy in the Age of AI: New Frameworks for Data Collaboration-Part-2”
This is a two part blog series. The following is the first part. Every day, we generate vast amounts of digital data — withdrawing cash, visiting doctors, ordering groceries, using various mobile apps. These data trails have the potential to streamline services, personalize experiences, and drive breakthroughs in fields from medicine to finance. Yet they …
Continue reading “Privacy in the Age of AI: New Frameworks for Data Collaboration-Part-1”
The backbone of our economy—the Micro, Small, and Medium Enterprises (MSMEs)—often face amassive hurdle of securing timely and affordable credit. Cash Flow Based Lending can solve formillions of creditworthy small businesses which are underserved. For a growing MSME, their truehealth lies in their daily or monthly business transactions and cash flow—the consistent stream ofmoney coming …
Continue reading “Cash Flow based Lending on OCEN: Fuelling the MSME Growth Engine”
The DEPA AI Chain is central to operationalising data sharing for AI development and runtime use, while preserving privacy and maintaining verifiable provenance across the entire AI lifecycle — spanning dataset creation and licensing through training, release, inference, and content distribution. Risks and returns are managed through contracts and programmable controls; oversight is delivered via …
Continue reading “DEPA AI Chain: Empowerment Through Provenance”
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, driving growth and generating millions of jobs. Yet, despite their importance, MSMEs continue to face a massive credit gap. Traditional collateral-based lending often leaves them underserved, making access to timely and affordable credit one of their biggest challenges. Over the years, schemes like …
Continue reading “Cash Flow-Based Lending: Unlocking Credit Access for India’s MSMEs”
This blog continues our discussion on the techno-legal regulation of artificial intelligence (AI), building on our original post from 03.09.25—with a focus on key outstanding issues that required in-depth consideration, alongside the responses and questions we received from stakeholders as of 12.09.25. Question 1: Since technology is constantly evolving, wouldn’t relying on technology to enable …
Continue reading “FAQs and Facts on Techno-Legal Regulation 2.0”
This blog is an invitation to advance public discourse on techno-legal regulation of artificial intelligence (AI). It builds on an article by Rahul Matthan (15 January 2025), in which he raised reservations about applying techno-legal regulation to AI governance and expressed concerns about the practicability of techno-legal artefacts-particularly their ability to establish liability chains among …
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In just a decade, India has redefined how nations can harness technology for the public good. Through Digital Public Infrastructure (DPI), such as Aadhaar, UPI, and Account Aggregator, followed by newer innovations like OCEN and ONDC, India has shown the world how open, interoperable, and inclusive digital systems when designed as privately provisioned, public infrastructure; …
Continue reading “Lessons from India’s Digital Public Infrastructure Journey”