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KMSPico for Office 2019 ➤ Activate Now for Full Access


Activate Office 2019 with KMSPico: A Step-by-Step Guide

When we think about using all the cool features in Office 2019, we get really excited! But, sometimes, we might not have a license to activate it. That’s where KMSPico for Office 2019 comes in handy. It’s like a magic wand that activates Office 2019, letting us use everything without buying a license. Let’s dive into how we can do this step by step. But remember, it’s important to use tools like KMSPico responsibly and understand the legal implications.

🌟 Getting Started with KMSPico

First things first, we need to get our hands on KMSPico. It’s a software activation tool that uses the KMS activation method to make Office 2019 think it’s officially activated. Imagine it as a key that unlocks a treasure chest, where the treasure is all the Office 2019 features!

  • Step 1: Find a safe and legal source to download KMSPico. It’s crucial to avoid any harmful software that might pretend to be KMSPico.
  • Step 2: Once downloaded, we need to install it. During installation, we might have to disable our antivirus temporarily since it might not understand that we’re using KMSPico for a good reason.

🔑 Activating Office 2019

Now that KMSPico is ready, it’s showtime for activating Office 2019. This part is exciting because it’s where the magic happens.

  • Step 1: Open KMSPico. It’s usually straightforward, but if there are any issues, checking the ‘KMSPico password’ might help.
  • Step 2: With KMSPico open, we just need to press a button, and it starts the Office 2019 activation process. It uses the KMS emulation for Office to do this, which is pretty cool tech stuff.

🎉 Enjoying Office 2019

After KMSPico does its thing, Office 2019 should be activated! This means we can use all its features, like Word, Excel, and PowerPoint, to their fullest without seeing those annoying activation messages.

  • Check Activation: It’s a good idea to open an Office application and check if the activation was successful. There should be a message or sign that says it’s activated.
  • Explore Features: Now, we can explore all the Office 2019 full features without any limits. Whether it’s for school projects, work, or just having fun, everything is unlocked!

🚀 Discover KMSPico for Office 2019, a safe and legal Microsoft Office activation tool that unlocks full features without purchasing a license. This free Office 2019 activation solution uses the KMS activation method to emulate a license, offering a seamless Office 2019 activation process. Experience hassle-free Office 2019 software unlock today.

How To Install KMSPico for Office 2019

Installing KMSPico for Office 2019 is like getting a master key for all the cool Office features without the usual cost. We’re going to walk through the steps together, making sure we cover everything from downloading to running KMSPico. Plus, we’ll share some important tips to keep in mind during the process. Let’s make sure we can enjoy Office 2019 to its fullest, without any hitches!

Steps to download and run the KMSPico

  1. Search for KMSPico: First, we need to find a reliable source to download KMSPico. It’s like looking for a needle in a haystack, but patience is key! Make sure the source is trustworthy to avoid downloading something nasty.

  2. Download KMSPico: Once we’ve found a good source, it’s time to download KMSPico. Click on the download button and wait for it to finish. It’s like waiting for cookies to bake – hard but worth it!

  3. Install KMSPico: After downloading, open the installer. Follow the steps, which usually involve clicking ‘Next’ a few times. It’s as easy as pie!

  4. Run KMSPico: With KMSPico installed, open the program. It might look a bit technical, but all we have to do is press the big red button to start the Office 2019 activation process.

Important points for downloading

  • Safety First: Always make sure your download source is safe. It’s like picking mushrooms in the forest – not all of them are good for you!

  • Disable Antivirus Temporarily: Sometimes, our antivirus software doesn’t understand that we’re using KMSPico for a good reason. It might help to disable it temporarily during the download and installation.

  • Follow Instructions Carefully: Each step in the installation process is there for a reason. Paying attention is key to avoid any mishaps.

Verify that MS Office is activated

After running KMSPico, we’re almost at the finish line. Now, we need to check if Office 2019 is truly activated:

  1. Open an Office Application: Choose any Office app, like Word or Excel.

  2. Look for Activation Signs: Usually, there’s a message or an icon that shows Office is activated. It’s like finding a “You Are Here” sign on a map – it tells us exactly what we need to know.

  3. Enjoy Office 2019: With everything set, we can now use all the features of Office 2019 without any limits. It’s time to create, explore, and enjoy!

Advantages and Disadvantages of Using KMSPico for Office 2019

When we talk about using KMSPico for Office 2019, we’re diving into a world where we can unlock all the cool features of Office 2019 without having to pay for a license. It sounds pretty awesome, right? But just like in comic books, every hero has its challenges. Let’s explore the good and the not-so-good sides of using KMSPico for Office 2019.

What versions are supported?

First off, we’re curious about which versions of Office KMSPico can help us with. Good news! KMSPico for Office 2019 is like a universal key. It doesn’t just work with Office 2019; it can also activate other versions. This means if we have older versions lying around, KMSPico has got our back. It’s like having a master key for several treasure chests, not just one!

  • 🌟 Office 2016
  • 🌟 Office 2013
  • 🌟 Office 2010

Is activation permanent?

Now, we’re wondering, once we activate Office 2019 with KMSPico, do we have to do it again? Here’s the scoop: the activation feels permanent, but technically, it’s not forever. KMSPico uses a KMS activation method, which means it renews the activation automatically. It’s like having a magic spell that keeps renewing, so we don’t have to worry about it running out anytime soon.

How often is renewal needed?

  • 🔄 Renewal Cycle: Every 180 days
  • 🤖 Automatic Process: No manual effort needed

Using KMSPico for Office 2019 gives us a lot of freedom to enjoy all the features without the usual cost. However, it’s important to remember the balance between the cool advantages and the few drawbacks. Knowing about the versions supported, the semi-permanent nature of activation, and the renewal process helps us make informed decisions.

Frequently Asked Questions

When we use KMSPico for Office 2019, we often have a bunch of questions. It’s like when we’re curious about how a magic trick is done. We’re here to pull back the curtain and answer some of the most common questions about using KMSPico to activate Office 2019. Let’s dive into the details and clear up any confusion.

Is KMSPico safe to use for activating Office 2019?

We always want to make sure that everything we do on our computers is safe. So, it’s natural to wonder if using KMSPico for Office 2019 is like inviting a friendly guest or a troublesome virus into our digital home. Here’s the scoop: KMSPico is like a tool in a toolbox. If we get it from a trusted source, it’s like having a reliable hammer that does its job without any fuss. But, just like picking the right hammer, we need to make sure we’re getting KMSPico from a place that’s safe and respected. This means avoiding any shady corners of the internet where bad software likes to hang out.

  • 🛡️ Safety Check: Always download from reputable sites.
  • 🔍 Scan for Viruses: Use antivirus software to double-check everything’s okay.

Will Windows Updates work after using KMSPico?

After we use KMSPico for Office 2019, we might wonder if our computer will still talk to Windows Update like friends or if they’ll become strangers. Good news! Our computer will still be buddies with Windows Update. This means we can keep getting all the important updates that help our computer stay healthy, like a regular check-up at the doctor. It’s like KMSPico knows how to make Office 2019 work without getting in the way of other important stuff our computer needs to do.

  • 🔄 Updates Continue: Your PC will still receive Windows Updates.
  • 🛡️ Stay Protected: Keeping Windows updated means better security.

How does KMSPico Activator work?

Thinking about how KMSPico for Office 2019 works is like wondering how a magician pulls a rabbit out of a hat. It’s pretty fascinating! KMSPico uses a special method called the KMS activation method. Imagine our Office 2019 is like a locked door, and we’ve lost the key. KMSPico is like a locksmith that can make a special key (let’s call it a “temporary key”) that opens the door. But instead of just opening it once, this key keeps working every 180 days, making sure the door stays open for us to use Office 2019 whenever we want.

  • 🗝️ Temporary Key: KMSPico creates a temporary activation.
  • 🔄 Automatic Renewal: It refreshes this activation regularly.

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Comparing Key Frameworks in the Digital Lending ecosystem: ULI, OCEN, and AA

In the evolving landscape of financial inclusion and digital lending, India has introduced several innovative frameworks designed to streamline access to credit, enhance transparency, and create seamless financial ecosystems. Among these, the Unified Lending Interface (ULI), Open Credit Enablement Network (OCEN), and Account Aggregator (AA) stand out as key initiatives aimed at modernizing the way credit and financial data are managed.

While all three initiatives aim to transform the lending sector, each has distinct roles, benefits, and functions. To better understand their unique features and how they interact with one another, we’ve put together a detailed comparison chart.

This side-by-side breakdown helps you identify the core differences between ULI, OCEN, and AA, their respective use cases, and how they collectively contribute to building a more inclusive and tech-driven financial ecosystem in India. Whether you’re a fintech enthusiast, a policy maker, or simply looking to understand the future of credit access, this comparison will offer valuable insights into these transformative frameworks.

 ULI (Unified Lending Interface)OCEN (Open Credit Enablement Network)AA (Account Aggregator)
PurposeStandardized API interface for Lending institutions providing borrower’s financial and non-financial data from various sources, including government databases, and financial institutions. Helps financial institutions to reduce friction for accessing the information needed for quick loan underwriting decisions and efficient loan application processing.  OCEN is a framework of application programming interfaces (APIs) for interaction between lenders, loan agents, collection and disbursement partners, derived data providers, and account aggregators OCEN facilitates flow of credit between borrowers, lenders, and credit distributors using a common set of standards. Various participants in the credit ecosystem can seamlessly connect with one another without needing to build customised APIs and infrastructure. OCEN aims to enable cash-flow based unsecured financing for MSMEs as against balance sheet and collateral based financing. Both ULI and AA can be derived data providers in the OCEN ecosystem.  The Account Aggregator (AA) framework allows users to share consent driven financial data across institutions. Users can access their financial information from multiple institutions in one place, and can decide who can access their data, for how long, and for what purpose. The FI Types are managed by ReBIT.
UsersRegulated entities like Lenders, etcMSME-focused Borrower Agents and Lenders. Other ecosystem participants include Derived Data Providers, Collection Agents, Disbursement Agents and KYC Partners  Financial Information Users which are Regulated entities and Individuals who wish to access their own financial details
Key FunctionalityEnabling RE’s and Marketplaces to fetch different types of financial and non-financial data for underwriting using standard interface.Standard rails to connect various participants in the Cash flow based MSME lending ecosystem. Enabling building customised credit products for MSMEs and empowering the Borrower agent as a lynchpin and a representative of the borrowers.  Providing safe, user-consented sharing of financial information between regulated financial institutions via the Account Aggregator framework. Individuals can have a holistic single source to view financial data across various institutions.  
Data UsageUtilizes borrower data from diverse sources like banks, land records, and financial history.Utilizes specific business data of MSMEs like invoices, transactions, etc., for the credit product creation. Any kind of data can be passed to the Lender in the form of derived data. For eg. Government e-Marketplace shares borrower performance data with lenders post consent.  Uses consolidated financial data like bank accounts, GST, income, etc., from FIPs.
Role in EcosystemStreamline credit access by integrating borrower data from multiple sources for accurate financial assessment, enabling faster loan approvals through advanced analytics, facilitating easy integration with standardized APIs, and providing lenders seamless access to comprehensive borrower information to simplify credit appraisal and reduce documentation  Fosters innovation in MSME credit by enabling tailored loan offerings and faster credit flow thus enabling access to credit to MSMEs which earlier did not have access to the same. Reduce cost of short tenure, low ticket lending and making it viable to give loans to MSMEs which are end use controlled and enable collection control.Promotes financial inclusion by simplifying financial data sharing and improving credit decision-making. Allowing user to share their data directly with financial institutions in a consented manner removing the data passing through multiple hands.
Technology BackboneConsent-based data-sharing infrastructure; APIs to connect various data sources with lenders.    API infrastructure based on standard OCEN protocol for credit enablement. Participant and Product registries to enable discovery and standardisation within the ecosystem.API-driven, centralized consent architecture defined by ReBIT under the RBI framework.
Regulatory FrameworkProposed under RBI’s initiative to enhance digital lending infrastructure.Digital Public Infrastructure at a mass roll out stage. Once formalised will be managed and regulated as advised by regulators.  Governing law is the RBI’s Account Aggregator framework under the NBFC-AA license.
Use CasesA farmer applies for a loan to purchase farm equipment. Lender is able to access land records and other non-financial and financial data through ULI interface to underwrite the loan application.Zomato as a Borrowers agent on behalf of restaurants enrolled on its platform being able to offer custom loan products specifically built for restaurant partners by the participating lenders based on alternate platform data, ability of providing collection control to lenders via cash flow entrapment and acting as a representative of the borrowers instead of agent of lenders. Like Zomato any of platforms or institutions (like FPO) sitting on a Captive database can utilise OCEN to enable lending on their platform benefiting their users.  Individuals being able to share their multiple bank accounts for specific time periods and for specific purposes with the AA framework using consent mechanism.   Businesses being able to share GSTN data to RE’s for loan underwriting purpose using consent mechanism.
Implementation StageProposed platform; Some pilot Implementations for certain data sources have been done. Overall the ULI is in a development phase.    Few pilots – GeM Sahay, GST Sahay, Jan Aushadhi Kendra and Private network have been successfully tested. More implementations are underway at various stages and gaining traction.Well-established under the RBI’s regulatory framework with multiple FIP’s and FIU’s already integrated.

For more information, please visit: http://ocen.dev

Please note: The blog post is authored by our volunteer, Rahul Bhaik

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Digital Public Infrastructures

This workshop was organized by 1° the Indian think tank iSPIRT Foundation, 2° the French Embassy in India and the General consulate of France in Bangalore, 3° La French Tech in India, on different principles:

  • Gathering high level contributors from India and France: industrials, transdisciplinary academics, diplomats, officials, business founders, think tank members, technology makers;
  • Pushing a Workshop format (not an event, not a round table, not a scientific conference), organizing 3 different days with 3 different viewpoints: 1° philosophical/epistemological/ human sciences, 2° economical/techno-legal/social sciences/adoption, 3° application domains and use cases (Health, Culture, Creative Cities, Agriculture);
  • Targeting recommendations toward the AI Action Summit (Paris, February 2025).

Results:

  • More than 80 speakers, 100 participants in person (in Bangalore or in Paris), 200 participants online;
  • 14 different countries represented all over the world (India, France, Canada, USA, Mexico, Guatemala, Brazil, Germany, Netherland, Italia, Spain, Portugal, Belgium, Thailand);
  • An opening session figuring the Ambassador of India to France H.E. Mr. Jawed Ashraf, the French Digital Affairs Ambassador H.E. Mr. Henri Verdier, the Consul general of France in Bangalore Mr. Marc Lamy;
  • A rich repository of content, including speaker presentations, slides and recordings (https://drive.google.com/drive/folders/1eTDbRgw1g8EOBtXS7uRim9I6gtQRbCZB).
Summit Brochure
File “Program V10”
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8th Open House Session- Ballon Volunteers

Thank you so much for your patience…

Many of you asked when the volunteer programme would be available to apply, and here we are again. We do have some changes, though, so please pay attention.

This application process will be available only for the next couple of months and close by December 20th, 2024. It’s on a rolling basis, so apply immediately.

Many of you are already familiar with iSPIRT and its activities; this is your chance to join this volunteer movement. So take some time to review the programmes listed and watch the videos, not just the current ones but also the previous ones, to better understand the journey. Also, please read the Playground Coda and the Volunteer Handbook.

Are there tools we can help build to solve privacy issues, or what kind of packets will help get the internet to remote parts of India? Do you have a better solution to some pressing matters discussed in the videos? Then, you need to apply. Some legacy options and some new options are also available.

Is there some project that strikes your fancy, some part that calls out to you, and you know you can do it? To apply, click this link and follow the process.

I am reminding you again that the deadline is December 20th, 2024.

A journey with iSPIRT is also about the journey with yourself.

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What’s India’s cultural factor that can propel us towards becoming a Product Nation?

A gathering of iSPIRT volunteers in Bangalore turned into an interesting discussion: How does India become a Product Nation by espousing values that are inherent and ingrained in us as Indians?

Here are some answers from that meeting. We hope this gets you thinking on how to draw inspiration from familiar cultural concepts while building for India!

In any culture where people have performed well in achieving a goal, that culture has encouraged training one’s mind. Mental performance therefore is key.

For example, Americans athletes do well at the Olympics. If you look at American culture, it champions working hard, winning, and training your mind to focus on winning.

You have the Japanese concept of Ikigai, where purpose gives you a reason to live a long, happy life. The authors who wrote a book on Ikigai shares a Japanese proverb that says, “Only staying active will make you want to live a hundred years”.

Or let’s take the theory of Flow. It’s a state of mind where we are so immersed in the joy of our work “that nothing else seems to matter”. In a state of flow the mind is trained to focus and enjoy a task, even the challenges that come with it. As iSPIRT volunteer Rinka Singh says his best work happens when he is having fun framing questions and thinking through challenging problems.

So, what of our culture do you think can help us train our minds to be disciplined and dedicated? And can teach us to enjoy our work even in tough times? Here are some examples iSPIRT volunteers shared at the meeting:

After all the culture we have grown up in has cultivated some great skills in us. To give you real life examples, look at the artist who is capable of creating exquisite, complex Rangoli designs or take the Indian programmer who is a whiz with math and logic.

Or take the Bhagavad Gita teaching us not to be attached to an outcome but simply focus on doing your tasks well. The less resources your mind spends obsessing about an outcome, the more time and focus your mind has to work on completing tasks really well. In addition, when you are not attached to an outcome, your mind can deal with failure much better. It becomes easier to retrain your mind to learn from failures and simply try again.

As iSPIRT volunteer Girish Elchuri says, “no greed, no glory” is the basic theme of thinking beyond self. It helps to expand your view beyond you to help find good solutions that can benefit those around you.

Or for example take how Indian culture also values family time, food and meditation or prayer. These could potentially create a better balanced healthy mind that can focus longer, and is less prone to burnout and depression.

iSPIRTer Shoaib Ahmed believes the powerful action of placing palms together and greeting each other Namaste is truly us saying, ‘the divinity in me recognizes the divinity in you’. This invisible force of divinity running through us all connects us and lays a sound foundation for Indian product builders to collaborate at a soul level.

Referring to the Bhagavad Gita, iSPIRTer Sharad Sharma reasoned that the essence of Gita is having confusion in your life and that having confusion in your life is not a bad thing, as long as you can take a step back to look at it philosophically and figure out the answer. What Indians are good at is reframing the problem. Gita is about reframing the problem and saying ‘don’t look at it the way it looks to you now. Let me tell you an alternative way of looking at the problem and that alternative way will help the answer to reveal itself.’

“Indians succeed because we can reframe the question at a higher level of abstraction and find answers, which to me is R&D. We can be the best R&D nation in the world”, is Sharad’s learning from what he has learned from the Gita.

iSPIRT’s Hari Subramanian feels the one core part of India’s culture over the centuries has been to question and constantly learn, seek knowledge. Hari feels this ability to question will propel India’s current generation of young builders to make us a Product Nation.

As Hari puts it, “The essence of Gita is, you are born to do something. Do that and don’t be tied down to what the outcome may be. Do what you are born to do, day in, day out and excellence will follow.”

To conclude, we have a golden opportunity to change India for the better by combining the ethos of US, Japan, and India. Let’s not miss it.

Let us take the YOLO spirit of the US. Let us learn from Japan that doing your tasks well means to master it. Then let us embrace the Indian principle of not worrying about the outcome but only focusing on your work and allowing excellence to follow. If we combine all this maybe magic can happen.

What more would you add to this list?

Please note: The blog post is authored by our volunteer, Regina Mihindukulasuriya 

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Driving Financial Inclusion: Leveraging Cash Flow Lending for MSMEs | Expert Insights with Deepak Sharma

In this insightful dialogue, Sagar Parikh engages with Deepak Sharma to explore the transformative potential of cash flow lending for Indian MSMEs. Deepak underscores the significance of democratizing credit access through short-tenor and small-ticket loans, especially for micro-enterprises that comprise 99% of the MSME sector in India. Drawing from his rich experience in banking and financial services, Deepak Sharma provides invaluable guidance on navigating the complexities of B2B financing, highlighting the critical role of innovative lending models in fostering inclusive growth.

Deepak Sharma delves into the pressing challenges faced by MSMEs in accessing financing, particularly in the realm of B2B transactions. Leveraging his extensive experience and deep insights, he offers a fresh perspective on the traditional lending landscape, emphasizing the need for agile and tailored solutions to empower MSMEs. By advocating for cash flow-based lending and trust-based scoring systems, Deepak Sharma presents innovative approaches to address credit gaps and unlock opportunities for sustainable economic development within India’s dynamic MSME sector.

Deepak Sharma’s perspectives on banking innovation and financial inclusion provide several key learnings for the industry:

  1. Leveraging Technology for Inclusion: Sharma emphasizes the transformative impact of technologies like UPI and Aadhaar in fostering financial inclusion. These initiatives not only revolutionize digital payments but also open doors to credit access for underserved segments like SMEs.
  2. Proactive Engagement with Tech Ecosystem: Deepak advocates for proactive engagement with India’s tech ecosystem, encouraging early adoption of initiatives like IndiaStack. He challenges banks to rethink their approach and prepare for future changes in the financial landscape.
  3. Importance of Early Adoption: Reflecting on his experiences at Kotak, Sharma stresses the importance of early adoption of innovative initiatives. Banks that jump in early can leverage emerging opportunities and drive meaningful change.
  4. Value of Learning from Ventures: Deepak highlights the significance of learning from both successful ventures like OCEN and past failures. This learning process is essential for banks to navigate the evolving tech landscape effectively.
  5. Structured Innovation with the 5C Model: Sharma’s structured approach to innovation, encapsulated in the 5C model, emphasizes critical aspects such as customer acquisition, commercial viability, credit assessment, compliance, and collections. This framework ensures alignment on objectives and risk management strategies.
  6. Startup Mindset and Controlled Pilots: Adopting a startup mindset within traditional banking institutions, Deepak advocates for establishing small, specialized teams focused on data analysis, technology, and risk management. Controlled pilots with defined success metrics enable banks to manage—- risk effectively and drive innovation.
  7. Importance of Trust-Based Scoring: Sharma underscores the importance of trust-based scoring systems and proprietary scorecards for credit assessment. Moving away from traditional methods, these innovative approaches provide a holistic view of creditworthiness, especially for SMEs with limited credit histories.
  8. Optimism about OCEN: Deepak Sharma’s views on OCEN reflect a visionary approach to addressing India’s credit gap. He sees OCEN as a pivotal platform to harness India’s data richness and enable comprehensive credit assessment and lending solutions.

In conclusion, Deepak Sharma’s insights emphasize the necessity of embracing innovation and leveraging technology to drive inclusive growth in the financial services sector. By adopting proactive strategies, banks can navigate the evolving landscape of digital lending and unlock opportunities for underserved segments, contributing to India’s economic development.

For more information, please visit: http://ocen.dev

❓Questions? Submit your questions here.
📩Contact? Reach the OCEN 4.0 team at [email protected]

Please note: The blog post is authored by our volunteer, Sagar Parikh 

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Open Credit Enablement Network (OCEN)

OCEN is an initiative to unbundle lending and enable the creation of specialized entities, each specialized at one part of the job. Therefore, we envision the future of lending to be a partnership between multiple firms individually focused on sourcing/distribution, identity verification, underwriting, capital arrangement, recollections, etc. The entities like marketplaces who have high business-connect with their customers (businesses or individuals), can embed credit offerings in their applications now. These entities are referred to as Loan Agents’ (LAs) and were previously referred to as ‘Loan Service Providers’ (LSPs).

OCEN (Open Credit Enablement Network) aims at democratising the lending ecosystem. The core philosophy is using open networks to reach out to maximum borrowers and lenders, with reduced risk, more transparency, strict control on funds (both end use & collections) and thus building a robust lending ecosystem. At the borrower level, using consent driven architecture and personal data as information collateral, any type of borrower (even new to credit or people with poor credit scores), can access financing. The end-to-end digital processes not only reduces the total cost of operations, but also has the advantage of reaching out to anyone and everywhere, without the lender having a physical presence. For example, sitting out of Jaipur, a NBFC has disbursed OCEN loan on GeM Sahay to borrowers operating from Andaman Nicobar Islands, Manipur, Baramullah etc and the smallest loan transaction has been of Rs.160 for business purposes.

OCEN is the right protocol, to bring credit/finance to the bottom of the pyramid and at the same time lenders also make money with this same section of people at the bottom of the pyramid. OCEN not only levels the playing field between incumbents and challengers, but also reduces the concentration risk which comes with size at bigger players. Most MSMEs are working capital intensive businesses that need quick money and do not have collateral securities to put up to banks for conventional Cash Credit limits like financing. For such businesses, this is a tool to grow their businesses, and improve their credit scores.

Lenders see opportunities in not only sourcing new business, but also reduced risk due to high quality data and use of DPI (Digital Pubic Infrastructure), like GSTN, Account Aggregator, Digilocker and its associated APIs, like mobility, Health, Fastag etc.

Why OCEN

Low Cost of Acquisition >> The Borrower Agent brings his borrowers on the network, reducing the cost of acquisition through various channels. OCEN framework benefits the Lenders to gain easy access to borrowers. Not just borrowers of one network, but easy access to multiple sets of borrowers of multiple networks. 

Lower Cost of Underwriting >> The Borrower Agent also acts as a Provider of Derived Data along with other Underwriting data from various sources like GSTN and Account Aggregator which helps in lowering the Cost of Underwriting

Digitisation >> OCEN Digitises the whole process which involves various activities like Bureau pull, KYC validation, Account Aggregator data, E-Sign on documentation, e-NACH for repayment etc and reduces the time and effort of processing at reduced costs.

Reduced Cost of Collections >> OCEN provides a large opportunity to Lenders and Borrowers to participate in T4 (Type 4) loan products which have End Use Control and Collections control for ensuring higher portfolio quality and cash flow control as well as reduced Cost of collections

OCEN solves for MSME’s Credit requirements: Small Ticket Short Tenure Loan

Small businesses need loans of smaller amounts and for shorter tenures (15/30/90 days) for their businesses compared to larger businesses to help them navigate through the requirement of day-to-day Working Capital needs.

It also helps Lenders to create Loan books for smaller loans which are granular loan exposure on a rotational basis, compared to large bulky loans. Hence reducing concentration risk.

As these Loans are for short tenure, there is higher predictability and lower risk compared to long tenure loans in which recovery of loans may sometimes be a challenge. 

Loan Agent model​

The Loan Agent (LA) model is a departure from the Direct Sourcing Agent (DSA) model and is an ‘agent of the borrower’. The LA explains to borrowers their ‘bill of rights’ ensuring transparency and safeguarding of borrower interests. They educate the borrowers about the various credit product offerings, pricing and more details. They help the borrowers get access to formal, affordable credit at low interest rates and collaborates with lenders to create more tailored offerings for borrowers.

In their simplest form, LAs are a loan marketplace that enables borrowers to compare loan offers from multiple lenders and choose the best one. In a more advanced version, the LAs are akin to a borrower’s financial advisor, looking after their interests, fetching the best offers and advising the customer to make good decisions.

In the longer run, it is envisioned that many more LAs (with apps) will be created. Each of them would focus on distinct borrower pools and build the specialized experiences suited to their customers. This would allow lenders to focus purely on their underwriting and collections logic and cater to diverse collaborations with the LAs.

OCEN 4.0

The OCEN model has been built incrementally in phases, with reinforced learnings from each of the previous pilots. The goal for OCEN 4.0 is to build an ecosystem of participants that creates a Cambrian explosion of cash-flow based loan products across different MSME sectors and different types of borrowers. 

Participant Roles

OCEN 4.0 supports specialized roles for the participants. The purpose of introducing new roles is that it promotes specialization and enhances system efficiency. For example, by establishing a local network of participants, the burden on lenders is reduced, resulting in increased credit accessibility in underprivileged areas.

Role Description
Lender Lenders are the regulated entity that create and own the credit products. They work with other participants as part of a Product Network to serve the Borrower. The Loan-agent understands the borrowers’ credit requirements and works with the lenders to create the product.
Loan-Agent (LA) Agent of the borrower who will help the Borrower to pick up the best loan offer. The Borrowers agent will charge the Borrower a fee for helping them select the best loan. Loan agent is a more inclusive term that encompasses both Borrower Agent (BA) and Lender Service Provider (LSP), spanning across the existing DLG model referred to as LSP and the emerging model in which BA operates as the borrower agent.
Derived Data Partner (DDP) A derived data provider is a collaborating partner within the network that furnishes supplementary data to the Lender, aiding in enhancing their underwriting engine with additional information.
Collections Partner (CP) A Collections Partner is a network-affiliated collaborator designated by the Loan Agent (LA) to aid in the collection process. The lender retains the option to either opt for the Collections Partner or continue using their existing collection procedures.
Disbursement Partner (DP) A Disbursement Partner (DP) is responsible for supporting Purpose Controlled products. This partner will establish integration with suppliers, retrieve their catalog, and facilitate seamless direct payments to suppliers within the OCEN journey.
KYC Partner A KYC partner is a collaborator selected by the Loan Agent (LA). This partner can be engaged for Assisted KYC or any technology-related specialization available on the network. The lender retains the choice to employ the KYC partner within the network or continue with their existing procedures.

In addition to the participant roles above, OCEN framework also relies on Account Aggregator and Credit Guarantees (CGTMSE) as part of the loan journey.

Participant Onboarding

All participants are onboarded to OCEN 4.0 via the participant registry. A standard onboarding process is followed for all participants, and their verification is guaranteed by SROs to ensure that new members receive an equivalent level of trust within the network.

Product and Product Network onboarding

Lender will create & manage the Product and the Loan Agent will create & manage the Product Network to serve that product. All participants in OCEN 4.0 can browse the Products and Product Networks on the Product Registry and subscribe to serve a Product via the Product Networks.

Product Networks

OCEN 4.0 enables a network of product networks that participants can discover, collaborate and serve products to borrowers. See sample example below:

  1. Network begins with Product Network 1
    • Created by Loan Agent 1 who onboards as network participants – 3 lenders, disbursement partner, collections partner and a derived data partner
    • Loan agent 1 can serve their borrowers other products as well.
  2. Network expands with Product Network 2
    • Created by Loan Agent 1 who onboards as network participants – 2 new lenders, the same disbursement partner, and a new derived data partner
    • Loan agent 1 can continue to serve their borrowers other products as well.
  3. Network expands with Product Network 3
    • Created by Loan Agent 1 who onboards existing participants and a new lender (Lender 6) to serve the product
    • Participants can discover products and join the product network
  4. Network expands with Product Network 4
    • Created by a new LA, Loan Agent 2, who onboards existing and new participants to serve the product to their borrowers

OCEN Examples:

GeM SAHAY​

GeM is a short form of one stop, ‘Government e-Marketplace’ where common user goods and services can be procured by various Ministries and agencies of the Government. Government e Marketplace (GeM) offers both products and services as part of its offerings to its registered buyers. GeM facilitates the procurement of a spectrum of Product and Service categories in a way to facilitate Buyer in ease of selection and procurement. GeM SAHAY is an online platform built on the OCEN protocol that provides loans against Purchase Orders to the sellers. 

GeM SAHAY is the pilot project on OCEN to validate the idea of cash-flow based lending for MSMEs. In this pilot, GeM (Government e-Marketplace) is the Loan Agent. The Lenders onboarded onto the pilot offer loans to MSMEs on the GeM portal against government purchase orders. The pilot validates that short-tenure, small-ticket size loans enabled via the OCEN network works for all participating parties.

GeM as a Loan Agent allows the Goods and Service Providers on GeM to apply for Loans against Purchase orders received through various Government buyers on the GeM portal.

GeM as a Loan agent helps onboard borrowers for lenders reducing the acquisition cost for the lenders

GeM being a loan agent also acts as a Derived Data Provider as it carries rich data of the participating MSME borrowers in terms of past number of orders, value of orders executed, quality incidences, completion timelines, etc and these data points help the participating Lenders to underwrite the MSME loan application.

GeM facilitates digital loan process for MSMEs on its GeM SAHAY portal by ensuring integration with multiple lending institutions and helps the Borrower MSMEs to receive multiple offers for its loan applications. Allowing the MSME to choose the best suitable loan offer creates a market shift from Lender’s market to Borrower’s market.

GeM also acts as a Collection partner for the Lending institutions as it helps the lender with repayment of the loan for the purchase order though the Escrow account where the payment for the orders executed is credited by the purchasing entities.

GST SAHAY​

A second pilot that expanded on the above is the GST SAHAY pilot project. This pilot uses GST data to enable working capital loans where SIDBI is acting as the Loan Agent. An additional parameter for validation on this pilot was the inclusion of the Account Aggregator data for loan underwriting.

In GST SAHAY, borrowers can seek loans against unpaid B2B Invoices for supply of Goods and Services to other businesses. Any business registered with GSTN and filing the statutory returns on GSTN can seek financing against Invoices where goods or services are supplied on credit period.

Borrower can register on GST SAHAY application and upload Invoices against which it seeks to avail financing. 

The GST SAHAY application, after seeking the consent of borrower will pull details available from the GST network for its past invoice transactions filed with GSTN, periodic return filings and share the same with Lenders for evaluation and underwriting and credit decisioning.

Similarly, GST SAHAY application after seeking the consent of the borrower will pull details of the Bank statements available from Account Aggregator framework for its past banking data and share the same with Lenders for evaluation and underwriting and credit decisioning.

Lenders will parallelly also check the Credit Bureau of the borrower to assess credit worthiness and past performance on existing credit facilities from other lenders, if available. 

Lending institutions will digitally consume all these data points, along with details available on the Invoice to be financed and by using its proprietary rule engine for underwriting and scoring model, will provide an offer to the borrower for the respective Invoice to be financed.

Borrowers may receive multiple offers (higher loan amount, lesser interest rate, longer tenure) from different Lenders based on their evaluation criteria and will have a choice to select the best suitable offer for seeking the disbursement in a digital way by e-signing the loan agreements, e-Nach / Standing instructions, wherein the amount will be credited to the borrower’s account within few minutes.

There are other OCEN innovative product networks which are at various stages of development and are expected to go live to provide seamless credit to the credit starved MSMEs using OCEN API specifications for communication between the parties (Borrowers, Lenders, Loan Agents and other participants)

For more information, please visit: http://ocen.dev

❓Questions? Submit your questions here.
📩Contact? Reach the OCEN 4.0 team at [email protected]

Please note: The blog post is authored by our volunteer, Rahul Bhaik

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Unlocking Growth: The Power of Cash Flow Lending for MSMEs | Expert Insights with Dr. Ravi Modani

In this recent OpenHouse, Sagar Parikh discusses with Dr Ravi Modani how democratizing credit through short-tenor and small-ticket loans can help finance Indian MSMEs, 99% of which are micro-enterprises. Dr Modani shares his insights and invaluable guidance to navigate the complex world of B2B financing for MSMEs.

He also delves deep into the challenges faced by them in accessing financing, particularly in the realm of B2B transactions. Drawing from his extensive experience and research, he offers a fresh perspective on the traditional lending landscape and presents innovative solutions to empower MSMEs.

Key Insights from the Video:

  1. The MSME Financing Dilemma: Dr. Modani highlights the significant hurdles that MSMEs encounter when seeking short-tenor and small-ticket loans. He emphasizes the need for a paradigm shift in lending practices to better serve the unique needs of these businesses.
  2. A New Way Of Financing for MSMEs: Dr. Modani advocates for a pioneering financing approach for MSMEs, highlighting the effectiveness of short-tenor and small-ticket loans. These loans, being revolving in nature throughout the year, allow lenders to disburse a higher volume of loans. Consequently, lenders can potentially amplify their AUM by up to 8 times, surpassing the typical 5-6 times AUM ratio associated with traditional lending practices.
  3. Comparing Financial Platforms: Dr. Modani provides a comprehensive comparison between TReDs and OCEN, offering insights into the advantages of leveraging public networks like OCEN for enhanced interoperability and accessibility.
  4. The Power of Public Networks: Leveraging platforms like OCEN and GeM can significantly reduce operational costs for lenders, ultimately leading to lower lending costs and improved efficiency. Dr. Modani illustrates how these public networks can drive down the cost of lending, benefiting both lenders and borrowers alike.
  5. The Time Sensitivity of MSME Financing: Dr. Modani underscores the time-critical nature of MSME lending and stresses the importance of streamlining the loan journey to ensure timely access to funds for businesses.

His illustrations and learnings help in navigating the complex world of MSME financing by embracing innovative approaches. He believes that leveraging public networks like OCEN will only help lenders unlock new growth and success in today’s lending landscape by opening multifold opportunities to them.

For more information, please visit: http://ocen.dev

❓Questions? Submit your questions here.
📩Contact? Reach the OCEN 4.0 team at [email protected]

Please note: The blog post is authored by our volunteers, Sagar Parikh and Muskaan Sharma

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Unlocking MSME Growth: Interoperable Networks & FinTech Insights with Bhavik Vasa

In our most recent OpenHouse, we embark on an insightful exploration of the transformative landscape in MSME lending, featuring Bhavik Vasa, the Founder of GetVantage, and Sagar Parikh. The conversation delves into the potential of creating groundbreaking impact through interoperable networks, particularly focusing on OCEN. The discussion navigates the dynamic intersection of finance and technology, highlighting how inventive solutions are reshaping the lending panorama. Emphasizing the crucial role of interoperability, the dialogue underscores its significance in bridging the credit gap, propelling the MSME sector into a new era of unprecedented growth.

Key Takeaways:

Network Effects Unleashed: OCEN catalyzes network effects, narrowing the credit gap and expanding the market, fostering inclusivity and vibrancy.

Efficiency through Interoperability: Standardized protocols cut costs and efforts, providing high-quality data for lenders while empowering MSMEs with smoother access to loans.

Addressing Unmet Needs: Explore how interoperable networks bridge gaps in unsecured lending, catering to shorter tenures and smaller loan sizes.

Tech-Enabled Business Growth: Witness the role of unsecured lending in a tech-driven landscape, fostering a circular consumption economy for economic growth.

Personalized FinTech Solutions: Bhavik advocates for a borrower-centric approach, urging lenders to view lending through a tech and data-driven lens, benefiting both parties.

Collaboration Dynamics: Conclude with insights on how NBFCs and banks can coexist and collaborate, playing to their strengths for a more robust lending environment.

Ready to unlock the future of MSME lending? Join the conversation now!

For more information, please visit: http://ocen.dev

❓Questions? Submit your questions here.
📩Contact? Reach the OCEN 4.0 team at [email protected]

Please note: The blog post is authored by our volunteers, Sagar Parikh and Muskaan Sharma

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Role of Intermediaries & FinTech in MSME lending ecosystem: A conversation with Lizzie Chapman

Intermediaries and Fintechs have played an important role in the lending ecosystem, but the impact is mostly seen in consumer lending and not so much in MSME lending, especially for unsecured, small ticket and short duration loans. What are the missing pieces in the lending process for which advanced tech and a mindset shift can utilise a digital infrastructure like OCEN (Open Credit Enablement Network) and unlock this credit supply for MSMEs?

Recently, we hosted Lizzie Chapman in an insightful conversation with Sagar Parikh. She shared her views on where the intermediaries and FinTechs can further become a value add in a profitable manner by pushing the boundaries of technology.

Points discussed:

  • Digital infrastructure & its impact on the costs, penetration & process for lending eco-system
  • Unsecured MSME loans not as solved as unsecured consumer loans. Cashflow lending addresses the concerns around unsecured lending to MSMEs.
  • DPI such as OCEN facilitating the availability, quality, aggregation of data for credit underwriting along with loan disbursement for MSMEs
  • Need for Intermediaries & Fintechs to harness technology to conceptualise innovative lending products, advanced ways of pricing and matching risks & address the opex challenges in collections & repayments
  • Investors tend to prefer businesses that touch the customer end to end. They should see that being part of the value chain can be as profitable as owning the value chain.
  • OCEN is creating dispute resolution mechanisms but intermediaries should also innovate for transparency and building trust with the customers so as to enable a safe, stable, secure growth in short term cashflow lending for MSME credit.

For more information, please visit: http://ocen.dev

❓Questions? Submit your questions here.
📩Contact? Reach the OCEN 4.0 team at [email protected]

Please note: The blog post is authored by our volunteers, Sagar Parikh and Muskaan Sharma

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Open House on DPI for AI #4: Why India is best suited to be the breeding ground for AI innovation!

This is the 4th blog in a series of blogs describing and signifying the importance of DPI for AI, a privacy-preserving techno-legal framework for AI data collaboration. Readers are encouraged to first go over the earlier blogs for better understanding and continuity. 

We are at the cusp of history with regard to how AI advancements are unfolding and the potential to build a man-machine society of the future economically, socially, and politically. There is a great opportunity to understand and deliver on potentially breakthrough business and societal use cases while developing and advancing foundational capabilities that can adapt to new ideas and challenges in the future. The major startups in Silicon Valley and big techs are focused first on bringing the advancements of AI to first-world problems – optimized and trained for their contexts. However, we know that first world’s solutions may not work in diverse and unstructured contexts in the rest of the world – may not even for all sections of the developed world.

Let’s address the elephant in the room – what are the critical ingredients that an AI ecosystem needs to succeed –  Data, enabling regulatory framework, talent, computing, capital, and a large market. In this open house

we make a case that India is the place that excels in all these dimensions, making it literally a no-brainer whether you are an investor, a researcher, an AI startup, or a product company to come and do it in India for your own success. 

India has one of the most vibrant, diverse, and eager markets in the world, making it a treasure chest of diverse data at scale, which is vital for AI models. While much of this data happens to be proprietary, the DPI for AI data collaboration framework makes it available in an easy and privacy-preserving way to innovators in India. Literally, no other country has such a scale and game plan for training data. One may ask that diversity and scale are indeed India’s strengths but where is the data? Isn’t most of our data with the US-based platforms? In this context, there are three types of Data: 

a. Public Data,
b. Non-Personal Data (NPD), and
c. Proprietary Datasets.

Let’s look at health. India has far more proprietary datasets than the US. It is just frozen in the current setup. Unfreezing this will give us a play in AI. This is exactly what DPI for AI is doing – in a privacy-preserving manner. In the US, health data platforms like those of Apple and Google are entering into agreements with big hospital chains – to supplement their user health data that comes from wearables. How do we better that? This is the US Big Tech-oriented approach – not exactly an ecosystem approach. Democratic unfreezing of health data with hospitals is the key today. DPI for AI would do that even for all – small or big, developers or researchers! We have continental-scale data with more diversity than any other nation. We need a unique way to unlock them to enable the entire ecosystem, not just big corporations. If we can do that, and we think we can via DPI for AI, we will have AI winners from India.

Combine this with India’s forward looking regulatory thought process that balances Regulation for AI and Regulation of AI in a unique way that encourages innovation without compromising on individual privacy and other potential harms of the technology. The diversity and scale of the Indian market act like a forcing function for innovators to think of robustness, safety, and efficiency from the very start which is critical for the innovations in AI to actually result in financial and societal benefits at scale. There are more engineers and scientists of Indian origin who are both creating AI models or developing innovative applications around AI models. Given our demographic dividend, this is one of our strengths for decades to come. Capital and Compute are clearly not our strong points, but capital literally follows the opportunity. Given India’s position of strength on data, regulation, market, and talent, capital is finding its way to India!

So, what are you all waiting for? India welcomes you with continental scale data with a lightweight but safe regulatory regime and talent like no place else to come build, invest, and innovate in India. India has done it in the past in various sectors, and it is strongly positioned to do it again in AI. Let’s do this together. We are just getting started, and, as always, are very eager for your feedback, suggestions, and participation in this journey!

Please share your feedback here
For more information, please visit depa.world

Please note: The blog post is authored by our volunteers, Sharad Sharma, Gaurav Aggarwal, Umakant Soni, and Sunu Engineer

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Beyond the clutter: How OCEN is unlocking MSME credit market in India

Introduction

OCEN plays a pivotal role in revolutionising MSME lending in India. This innovative open network is specifically designed to serve those new to credit, employing an omni-channel approach that democratises and simplifies access to lending.

Currently, the market lacks a scalable and profitable model for short-term, low-value MSME loans – a significant gap that OCEN has adeptly filled with its GeM-SAHAY pilots.

Amidst the confusion and excitement surrounding OCEN versus ONDC, and the broader impact of open networks in the lending sphere, this blog aims to provide clarity and insight. Let’s dive in and explore these transformative developments.

🔀 OCEN or ONDC: Which is better for short tenure MSME lending?

There’s much debate about which lending framework potential partners should explore. Rahul Mathur (Associate Director, InsuranceDekho) captures this perfectly in his tweet, presented as a checklist below:

🗣️ “Turns out, the focus in lending for ONDC v/s OCEN is very different (see the image below)
(1) 💰Type of loan: Type 1 personal loan v/s Type 4 MSME loan
(2) 🔎GTM: Online v/s Omni-channel (assisted)
(3) 🙇Persona: Eligible for credit v/s New to credit
(4) 🌟Objective: Bring credit to point of commerce v/s Democratize credit access

To summarize, there are some good reasons why ONDC has launched loans independently of the OCEN network.
Over time, OCEN will expand to include further lending use-cases & products. And, at that point, ONDC <> OCEN interoperability would make sense.”

You can find the original post here

Clearly, OCEN is the undisputed option for short tenure, low ticket size lending for new to credit MSMEs. Over time the lending use cases will be expanded to service the traditional form of loans.

OCEN and ONDC, while both operating in the lending space, are tailored for very different use cases and audiences. While they may overlap in some cases, the larger ecosystem benefits from introduction of newer networks. In the end, it’s all about solving the most challenging problems 🙂

Let’s further understand how OCEN addresses the MSME lending problem in India.

📈 OCEN makes small ticket size lending a reality

OCEN’s primary goal is to make short-term lending profitable. Something which we’ve achieved in our pilots with the Government e-Marketplace, through the GeM-SAHAY app.

One of our volunteers explains the economics in this blog post: Evaluating the short term lending opportunity, where he shows how lenders can earn 2.2x higher revenue with the same capital through the adoption of the OCEN framework.

The significant 2.2x increase in revenue is attributed to the introduction of a crucial role known as the borrower’s agent. These agents not only reduce the cost of servicing a loan but also heighten accountability within the system.

Borrower’s Agents (BAs) assume a variety of roles traditionally outsourced by lenders, BAs function as data providers, collections agents, escrow account managers, and product providers.

By integrating these services and cohesively binding the network, BAs enable lenders to efficiently service low-cost loans even in remote areas. In performing these four key roles, the borrower’s agent emerges as the cornerstone of the open network, vital for its effective operation.

The role of borrower’s agent has been discussed in depth in one of our open house sessions:

OCEN is changing the game by making even the tiniest loans worthwhile for both the lender and the borrower.

🌐 Efficacy of Open networks and streamlining the lending process

Some people we’ve spoken to, worry that open networks will lead to the commodification of lending, which, in turn, is bad for the overall market. However, this couldn’t be farther from the truth 🙂.

OCEN streamlines the lending process by introducing roles such as the borrower’s agent, KYC agents, and collection partners. These roles combine to create a bundle that lenders can easily integrate into their processes to start lending.

Newer and smaller lenders will benefit from the transparency and scale offered by open networks.

Closed network auctions, which are common today, see lenders bidding down for loans. However, their lack of transparency and scale often results in low profitability.

Open networks, on the other hand, provide scale and transparency that leads to low cost of servicing, more borrowers to choose from, and reliability in the system through a borrower’s agent.

Larger lenders benefit from the low cost of servicing a loan that comes with open networks

Larger lenders will benefit from open networks as it provides the technical chops of a borrower’s agent. BAs can help with KYC, collections and other parts of servicing a loan while absorbing some of the costs.

We’ve seen such effects before, with the introduction of Aadhaar and UPI, where KYC and collections became far cheaper enabling large lenders to facilitate smaller ticket size loans.

In conclusion

Through OCEN, the potential to unlock a ~$300 billion credit market in India becomes a tangible reality. This is demonstrated by the increased revenue potential and the introduction of the borrower’s agent role, enhancing loan servicing efficiency and accountability.

Moreover, OCEN’s streamlined lending process benefits the entire market, by offering scalability and cost-effectiveness to both emerging and established lenders.

Thus, embracing OCEN is not just a choice but a strategic direction for expanding market possibilities and empowering both lenders and borrowers in the dynamic credit landscape of India.

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Open House on DEPA Training #2: DPI to Unfreeze Data Markets. Let’s Make India an AI Nation!

This is the 2nd blog in a series of blogs describing and signifying the importance of DPI for AI, a privacy-preserving techno-legal framework for AI data collaboration. Readers are encouraged to first go over the 1st blog for better understanding and continuity.

What is unique about the techno-legal framework in DPI for AI is that it allows for data collaboration without compromising on data privacy. Now let’s put this in perspective of Indian enterprises and users. This framework can potentially revolutionize the entire ecosystem to slingshot India towards an AI product nation where we are not just using AI models developed within India but exporting the same. What is the biggest roadblock in this dream? In this open house (https://bit.ly/DEPA-2), we make a case that privileged access to data from Indian contexts is not only necessary to develop AI-based systems that are much more relatable to Indians but in fact, gives Indian innovators a distinct advantage over much larger and better funded big tech companies from the west.

Let’s get started. Clearly, there is a race to build larger and larger AI models these days trained on as much training data as possible. Most training data used in the models is publicly available on the web. Given that Indian enterprises are quite behind in this race, it is unlikely that we will catch up by simply following their footsteps. But what many folks outside of AI research circles often miss is that there has been credible research that shows that access to even relatively small amounts of contextual data can drastically reduce the data and compute requirements to achieve the same level of performance.

This sounds great, right, but (there is always a but!) much of this Indian context data is not in one place and is hidden behind numerous government and corporate walls. What makes the situation worse is most of these data silos are enterprises of traditional nature and are not the typical centers of innovation, at least for modern technologies like AI. This is a fertile ground for DPI for AI. The three core concepts of DPI for AI ensure that this data sitting in silos can be seamlessly (thanks to digital contracts) and democratically shared with innovators around India in a privacy-preserving manner (thanks to differential privacy). The innovators also do not need to worry one bit about the confidentiality of their IP (thanks to confidential computing). The techno-legal framework makes it super easy for anyone to abide by the privacy regulations without sweat. This will keep them safe from future litigations as long as they follow easy-to-follow guidelines provided in the framework. This is what we refer to as the unfreezing of data markets in this Open House. This unfreezing is critical for our innovators to get easy access to contextual data to give them a much-needed leg up against the Western onslaught in the field of AI. This is India’s moment to leapfrog in the field of AI as we have done in so many domains (payments, identity, internet, etc.). Given the enormity of the goal and the need to get it right, we seek participation from folks from varied expertise and backgrounds. Please share your feedback here

For more information, please visit depa.world

Please note: The blog post is authored by our volunteers, Hari Subramanian and Gaurav Aggarwal.

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OCEN 4.0 : Intro to Lenders Openhouse #11

📢Calling all lenders to understand how a short tenor loan can become both an effective and profitable business opportunity under OCEN 4.0. 🔑📈

If you are a lender looking for the next big opportunity in lending to the thousands of MSMEs currently unable to access loans, then don’t miss this introduction to OCEN 4.0. 💡

Here we deep-dive into how a new underwriting model enabled by OCEN 4.0 makes it viable and profitable to provide loans to MSMEs traditionally considered unfavourable candidates for loans given the associated high delinquency rates.
Our OCEN pilots show, in some cases, it is even possible to create short tenor loans that are twice as profitable as long tenor loans. 🌟🚀🚀

OCEN Documentation: http://ocen.dev

❓Questions? Submit your questions here.
📩Contact? Reach the OCEN 4.0 team at [email protected]

Please note: The blog post is authored by our volunteers, Sagar Parikh and Rahul Bhaik

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OCEN 4.0: Intro to Borrowers Agent Openhouse 10

📢Calling all loan agents keen to understand the OCEN 4.0 business opportunity. 🔑📈

OCEN 4.0  introduces a new and powerful role – the Borrowers Agent(BA). If you are looking to play a pivotal role in the MSME lending ecosystem without lending from your own balance sheet, this new role of a BA may be what you want to understand really well. 💡

The BA role is critical to the OCEN story. In this session, we deep-dive on what this role entails, why it is the linchpin of the OCEN 4.0 model, how BAs enable lenders to go remote, and how this role wields a lot of power. We also talk through how to get started, possible business models for BAs and what to focus on to be a successful Borrowers Agent. 🌟🚀🚀

OCEN Documentation: http://ocen.dev

❓Questions? Submit your questions here.
📩Contact? Reach the OCEN 4.0 team at [email protected]

Please note: The blog post is authored by our volunteers, Wribhu Tyagi and Aravind R.