India, Jan. 14 -- The Government of India has issued a release:
IndiaAI, an Independent Business Division (IBD) under the Digital India Corporation (DIC) of the Ministry of Electronics and Information Technology (MeitY), in collaboration with the National Financial Reporting Authority (NFRA), launched the IndiaAI Financial Reporting Compliance Challenge.
This initiative, part of the IndiaAI Application Development Initiative (IADI), aims to democratize the benefits of AI by inviting Indian startups and companies to develop a robust, scalable AI engine that automates the verification of financial documents against regulatory frameworks.
The challenge seeks to address compliance gaps by developing an AI-powered engine capable of extracting text, tables, hyperlinks, embedded data and financial data from multi-format document sources in scanned and digital versions, segmenting them into logical, header-based sections, and validating each section's completeness, integrity, and compliance against a pre-defined framework.
Exciting Prizes for Challenge Participants:
This challenge represents a strategic effort to build a scalable regulatory technology infrastructure for India, ensuring public trust and investor protection through transparent financial reporting.
Interested participants can find the submission guidelines and apply via the AIKosh portal: https://aikosh.indiaai.gov.in/home/competitions/details/b5ebae1e-73d1-4ba8-baa1-21beaabd1f6d. The last date for application submission is 22nd February, 2026.
IndiaAI is the implementation agency of the IndiaAI Mission, which aims to democratize AI's benefits across all strata of society, bolster India's global leadership in AI, foster technological self-reliance, and ensure ethical and responsible use of AI.
Disclaimer: Curated by HT Syndication.
