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 …
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 …
Open House on DEPA Training #3: The Regulatory and Legal Aspects
This is the third in a series of blogs describing the structure and importance of Digital Public Infrastructure for Artificial Intelligence (DPI for AI), a privacy-preserving techno-legal framework for data and AI model building collaborations. Readers are encouraged to go over the first and second blogs for better understanding and continuity. Open House on DEPA Training …
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Unveiling the Future of Lending: A Conversation with Shachindra Nath from UGro Capital
In an era of evolving financial landscapes, the realm of lending is witnessing a significant shift—from the traditional collateral-based approach to the more contemporary cash flow lending model facilitated by OCEN (Open Credit Enablement Network). Recently, we hosted UGro Capital in an insightful conversation with Shachindra Nath, shedding light on this transformative paradigm in lending …
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 …
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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 …
Introducing DEPA for Training: DPI for Responsible AI
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 …
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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. 💡 …
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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 …
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OCEN 4.0 : Tech deep-dive Openhouse #9
📢👷🧑💻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 …
Bridging the Connectivity Gap: Unraveling the Challenges and Solutions for PM-WANI
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 …
Economic Transformation through AI: Key pillar to a large Indian Economy in Global Top 3
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 …
Introducing OCEN 4.0: Transforming MSME Lending 🚀🚀
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 …
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Ready for India’s AI ambitions: We are now one step closer to having a modern regulation for and of AI
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 …
Balloon Volunteering #7: Doubling Down on Building India’s Product Nation”
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 …
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