Sahamati Foundation has launched Sahamati Labs, a dedicated research and innovation hub aimed at accelerating Open Finance adoption in India. The initiative will foster collaboration among financial institutions, fintechs, researchers, and policymakers, with a focus on AI, privacy, and global interoperability.
As its first initiative, Aikya (ऐक्य), meaning “oneness” in Sanskrit, is an AI-driven program designed to enhance financial decision-making, fraud detection, and risk assessment. By embedding AI intelligence into data-sharing frameworks, Aikya ensures robust security, efficiency, and resilience in the evolving digital finance landscape.
Sahamati Labs will focus on:
- AI-Driven Intelligence – Developing models like Aikya for fraud detection and financial decision-making.
- Privacy and Security – Implementing Privacy-Enhancing Technologies (PETs) like Multi-Party Computation (MPC) and Zero-Knowledge Proofs (ZKPs).
- Research & Engagement – Publishing insights through reports such as GOFAR (Global Open Finance Adoption Report) and GOFAIR (Global Open Finance AI Adoption Report).
- Interoperability – Establishing secure, consent-based data-sharing frameworks and exploring cross-border operability.
“Sahamati Labs advances our vision for a secure, intelligent, and privacy-first Open Finance ecosystem,” said BG Mahesh, CEO, Sahamati.
Kiran Gopinath, Chief Innovation Officer, added, “With Aikya, we are enabling ecosystems to tackle shared challenges, bringing intelligent interoperability to Open Finance.”
Sahamati Labs aims to shape the future of AI-powered, privacy-first financial solutions, with Aikya marking the beginning of transformative innovations.