India’s BFSI ecosystem moves beyond first-wave digitisation; the focus is rapidly shifting toward strengthening the legal and compliance backbone that underpins financial operations. Doqfy is addressing this evolution by embedding AI-led intelligence. Aditya Pandranki, CEO & Co-founder, Doqfy, shares how the company is helping BFSI institutions turn legal operations from a bottleneck into a strategic advantage in an exclusive interaction as part of the Elets BFSI Vision 2026 Series, curated by Elets Technomedia.
As we look toward 2026, how is your organization aligning its solution roadmap with the evolving priorities of BFSI leaders?
Doqfy’s future roadmap with respect to BFSI is built around technological innovation through AI. Key technological plans include:
- Advanced AI/ML Capabilities: Expand the products’ AI features to offer predictive analytics, risk management, and further automation in contract management.
- Semantic AI for Legacy Contracts: Use semantic AI to understand and extract data from legacy contracts that are currently only available as digitized scan images.
- Embedded Compliance: Future contracts will feature embedded compliance, where AI validates regulatory requirements in real-time, eliminating post-execution challenges.
- Blockchain Initiatives: Blockchain-based, tamper-proof smart contracts to provide next-generation security.
Doqfy also plans to enhance and strengthen its API-based solutions that allow seamless integration into core banking, insurance, and enterprise management systems. By evolving into an “extended arm” for legal teams rather than just a tool, Doqfy aims to transform legal operations from a bottleneck into a competitive advantage.
Which outcomes will BFSI institutions value most by 2026: trust, resilience, efficiency, compliance, or customer experience, and how are you enabling that shift?
By 2026, BFSI institutions will most value compliance, efficiency, and trust. Doqfy enables this shift through:
- Efficiency: Reducing contract turnaround times (TAT) by up to 90% and eliminating nearly 60% of repetitive manual tasks.
- Compliance & Resilience: Automating the tracking of 1,400–1,500 compliance touchpoints that make manual processes unsustainable. The platform ensures 100% compliance-readiness and prevents penalties through automated alerts for milestones and renewals.
- Trust: Maintaining rigorous certifications like ISO 27001, SOC 2, and GDPR compliance to safeguard sensitive financial data.
Across banking, NBFCs, and fintech, where do you see the most urgent technology gaps emerging over the next two years?
Over the next two years, significant technology gaps are emerging in three areas:
- Disconnected Systems: Many institutions still have fragmented systems where contract management is not linked to disbursement or vendor onboarding.
- Manual Fraud Risks: With 52% of global companies facing fraud, there is a gap in integrating real-time identity and business verification (eKYC/eKYB) directly into the contract execution journey.
- Data Silos: Fragmented data often hinders AI from providing actionable insights, requiring centralized repositories to make legacy contracts “actionable” rather than just digitized images.
Also Read: Vision 2026: Designing Accountability into BFSI Decision-Making
How do you see the role of technology partners evolving, from solution providers to strategic collaborators, in the BFSI ecosystem?
The role of partners is evolving from merely selling software to becoming strategic collaborators who act as an “extended arm” to legal and operations teams.
- Customization over Features: Collaborators provide tailor-made solutions and modular APIs that solve specific business bottlenecks rather than generic “white elephant” tools.
- High-Trust Automation: By using AI models trained specifically on Indian laws and regulations, technology partners offer higher accuracy and lower risk than generic LLMs.
- Full-Stack Risk Mitigation: Strategic partners now manage the entire 360° lifecycle, including pre-contract due diligence (screening litigations, GST filings, and legal cases) before an engagement even begins to eliminate 70–80% of future legal consequences.
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