Banking News – Nirav Prajapati, Co-founder & Director of Ignosis, will be addressing the Global Fintech Fest (GFF) in Mumbai this October. With a passion for fintech innovation especially around India’s emerging digital financial infrastructure, Mr. Prajapati will share his insights on how tools like the Account Aggregator framework, OCEN, ONDC Finserv and modern digital lending practices are reshaping lending, credit risk, and financial inclusion.

Ignosis, the company he helps lead, offers a suite of products aimed at transforming how financial institutions source, analyse, and act on financial data. Their offerings include an end-to-end lending infrastructure that is powered by the Account Aggregator (AA) framework and OCEN, embedded lending capabilities, intelligent collections and risk-management tools, and strong customer-behavior analytics.

One of the strengths of Ignosis is its multi-AA routing and orchestration layer, which ensures that consented data requests flow smoothly even when one provider has issues. In a recent deployment with Whizdm Finance, this approach led to around 20% improvement in success rates of AA-based data pulls and a 4.5% increase in loan disbursals

Mr. Prajapati has extensive practical knowledge of India’s digital public infrastructure, including the evolving roles of AA (Account Aggregator), OCEN (Open Credit Enablement Network), and ONDC Finserv. Under his leadership, Ignosis is contributing to more robust underwriting, personalized financial profiles, real-time risk scoring, and faster turnarounds for lenders using alternate data sources like bank statements, GST, ITR, SMS data, etc

At GFF, Mr. Prajapati’s talk is expected to focus on how fintechs, NBFCs, banks, and regulators can collaborate to overcome friction in data flows, reduce default risk, improve financial inclusion, and build scalable, resilient credit systems. For India’s fintech ecosystem, his perspective will be especially relevant as demand grows for better access to financial histories, consented data sharing, and embedded lending models.

Ignosis has already built a significant customer base across India’s BFSI sector and is known for its ability to integrate tightly with multiple AA modules with low operational friction.