Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

MeitY Picks Six Firms to Lead Digital Consent Management for DPDP Act

DPDP ACT

India has taken a significant step toward strengthening data protection and user privacy with the Digital Personal Data Protection (DPDP) Act, which sets out new compliance standards for organizations managing digital personal data. In a landmark move, the Ministry of Electronics and Information Technology (MeitY) has shortlisted six companies to participate in the “Code for Consent: DPDP Innovation Challenge,” designed to create the foundational consent management infrastructure the Act demands. The initiative underscores the government’s commitment to ensuring lawful, transparent, and user-controlled data handling in the country’s digital ecosystem.​

Jio Platforms, a major telecom and technology player, leads the group of shortlisted companies. Other participants in this challenge include IDfy (Baldor Technologies Pvt. Ltd., Mumbai), VertexTech Labs Pvt. Ltd. (Redacto, Bengaluru), Zoop (Quagga Tech Pvt. Ltd., Pune), Concur – Consent Manager (Mumbai), and Aurelion Future Forge Pvt. Ltd. (Chennai). These companies were chosen from a competitive pool of 46 applicants, with selection overseen by the National e-Governance Division (NeGD) and the MeitY Startup Hub. Their diversity reflects a mix of established enterprises and promising startups with experience in privacy, digital services, and secure data handling.​

Advertisementgreylabs

These six firms now enter a three-month coding phase, during which they must develop and present scalable and effective consent management solutions. Progress will be closely monitored by authorities through sprints and regular reviews focused on technological compliance, data security, ease of use, and ability to adhere to the DPDP architecture. Core requirements include ensuring that user consent is specific, revocable, and traceable, supported by multilingual dashboards, secure recordkeeping, audit trails, and strong API integration.​

The broader impact of this project is substantial. Robust consent management systems will become a critical component for BFSI, fintech, healthcare, and digital service providers subject to the DPDP Act, establishing new industry standards for transparency and user control. As the enforcement of the DPDP Act draws nearer, the solutions developed by these companies will set benchmarks for user agency and privacy, helping redefine data practices and restoring consumer trust in digital platforms across India.​

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Yugal Tiwari Appointed Chief Product and Marketing Officer at BharatPe

Fintech company BharatPe has appointed Yugal Tiwari as its Chief Product and Marketing Officer (CPMO), bringing extensive experience… Read more →

Abhinav Trivedi Appointed MD & CEO of Standard Chartered Capital Limited

Abhinav Trivedi has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Standard Chartered… Read more →

‘Digital Arrests’ Fall 67%, Investment Fraud Emerges as Growing Cybercrime Threat

Mumbai, September 17, 2026: Cybercrime patterns are rapidly evolving, with so-called ‘digital arrest’ scams declining by 67 per… Read more →

State Bank of India Digitises Savings-to-Salary Journey for Existing Customers

State Bank of India (SBI) has launched a digital Savings Account to Salary Account journey in collaboration with… Read more →

novio Partners with Indian Overseas Bank to Launch Co-branded RuPay Credit Card

novio, the consumer credit platform from Credilio Financial Technologies, has announced a strategic partnership with Indian Overseas Bank… Read more →

Abhinav Trivedi Appointed MD & CEO of Standard Chartered Capital

Mumbai, September 2026: Abhinav Trivedi has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO)… Read more →