ChatGPT India

The Ministry of Electronics and Information Technology, MietY, played an instrumental role in building out the AA infrastructure. AA is based on the national standard managed by MeitY for Electronic Data Consent and follows the Open API guidelines that have been issued under MeitY.

On 26th April 2019, Seven of these AAs has gone into a closed user group testing. This is an epoch moment when the users in India can claim ownership over their own financial data. We hope that this will accelerate the revolution of cash flow based lending that will replace the existing paradigm of collateral-based lending. This isn’t only a consumer-centric innovation. Access to the right data means lenders can proactively monitor and evaluate currently disbursed loans. Such a move will not only increase the quantity of lending through increased access but also the quality of lending through better screening of borrowers, early alerts, etc. For more information, please visit: https://sahamati.org.in/

The Data Empowerment and Protection Architecture (DEPA) empowers every Indian with control over their data. It democratises access and enables secure portability of trusted data between service providers. The purpose of the talk is to make the audience understand the technological, institutional, market, and regulatory architecture of India's Data Empowerment and Protection Architecture. In addition, it outlines its impact on existing data processing businesses and how people could contribute towards and solve for financial and health inclusion using this new consented data sharing infrastructure that’s being built in India.