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The official website of IndiaStack defines this initiative as: “IndiaStack is a set of APIs that allows governments, businesses, startups and developers to utilise an unique digital Infrastructure to solve India’s hard problems towards presence-less, paperless, and cashless service delivery. The Open API team at iSPIRT has been a pro-bono partner in the development, evolution, and evangelisation of these APIs and systems.”
It is a unique concept, a part of Digital India program that has launched open Application Programming Interface policy where the motive is to treat every information as utility. This creates new innovations to unleash, and Senrysa Technologies Private Limited uses IndiaStack framework to build new cutting-edge innovations for manifold solutions, predominantly the Banking and Financial Solutions.
IndiaStack provides 4 layers of technology which eases the next generation operations. As described in the official website of IndiaStack, the four layers are as follows:
“Where a universal biometric digital identity allows people to participate in any service from anywhere in the country”
“Where digital records move with an individual’s digital identity, eliminating the need for massive amount of paper collection and storage”
“Where a single interface to all the country’s bank accounts and wallets to democratize payments”
“Which allows data to move freely and securely to democratize the market for data”
Senrysa implements the APIs of IndiaStack to provide new solutions like reducing operation cost, eliminating the paper work and much more.