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!
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 …
Continue reading “Beyond the clutter: How OCEN is unlocking MSME credit market in India”
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 …
In the last decade, we’ve seen an extraordinary explosion in the volume of data that we, as a species, generate. The possibilities that this data-driven era unlocks are mind-boggling. Large language models, trained on vast datasets, are already capable of performing a wide array of tasks, from text completion to image generation and understanding. The …
Continue reading “Introducing DEPA for Training: DPI for Responsible AI”
📢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. 💡 …
Continue reading “OCEN 4.0 : Intro to Lenders Openhouse #11”
📢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 …
Continue reading “OCEN 4.0: Intro to Borrowers Agent Openhouse 10”
📢👷🧑💻Calling all TSPs and participants eager to dive into OCEN 4.0 APIs. If you are wanting to understand the tech, the APIs and get started on building for OCEN 4.0, our second open house on OCEN 4.0 is here for you !! 💡 In this session, we do a deep-dive on the architecture, the loan …
The Pradhan Mantri Wifi Access Network Interface (PM WANI) was launched in December 2020. It received a great initial reception, but the enthusiasm died over time. Several reasons have been cited, including a lack of a vibrant ecosystem, lack of profitability, limited business models, etc. In addition, a belief also crept up over time that …
In the rapidly evolving landscape of the AI economy, the choices made today will reverberate for generations. As custodians of India’s future, we must recognize the urgency of embracing AI as a lynchpin of economic growth. The time to act is now! In an era characterized by relentless technological advancement, a nation’s economic growth trajectory …
We’re thrilled to unveil OCEN 4.0, the latest advancement in our Open Credit Enablement Network protocol, revolutionizing cash flow-based MSME lending. 🌟 OCEN 4.0 represents a significant leap forward from our ongoing GeM SAHAY and GST SAHAY pilots. In this iteration, along with updated API specifications, we have also added the OCEN Registry, Product Network and …
Continue reading “Introducing OCEN 4.0: Transforming MSME Lending 🚀🚀”
The passage of the Digital Personal Data Protection Bill 2023 (DPDP) by the Lok Sabha is significant in more ways than one. The Bill aims to enforce and promote lawful usage of digital personal data and stipulates how organisations and individuals should navigate privacy rights and handle personal data. Creating effective mechanisms to enable data …
iSPIRT turned 10 in February this year. We are about rewriting the script of the nation. The past year indicates that some of this has happened with India Stack. The idea of Digital Public Infrastructure, aka DPI, is now part of the national lexicon. It has also become India’s calling card for the world. Back in …
Continue reading “Balloon Volunteering #7: Doubling Down on Building India’s Product Nation””
We are thrilled to announce that Open Credit Enablement Network (OCEN) has been conferred with the prestigious Digidhan 2021-22 award for their Special contribution to the promotion of Digital Payments. The award ceremony was held recently in New Delhi, organized by the Ministry of IT and Electronics, and was handed over to Sagar Parikh, the …
“That will never work!” To iSPIRT volunteers, those four words are a rallying cry. Words that make us intrepid souls smile with a quiet confidence and inspire an iron will to get the job done. The best among us turn those words into their life’s work by building systems that serve millions of Indians. iSPIRT’s …
Budget 2023 – Digital Public Infrastructure (DPI) the ‘Mantra’ for New India iSPIRT Foundation, a technology think-and-do tank, believes that India’s hard problems can be solved only by leveraging public technology for private innovation. iSPIRT as a think tank pioneered the Digital Public infrastructure (DPIs) India is at the cusp of what could be the …
iSPIRT is pursuing the Stay-in-India Checklist 2.0 with Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, targeted to bring Ease of Doing Business for start-ups. Our efforts gained momentum with DPIIT’s Regulatory Roundtables since August 2022. Reserve Bank of India has further eased the reporting of FDI on the FIRMS portal. The …
Continue reading “RBI Rationalized Reporting Process for Foreign Direct Investment (FDI)”