The Equal and OneMoney Advisory Board will be led by Justice B.N. Srikrishna.

Retired Supreme Court Justice B.N. Srikrishna has been appointed Chairman of the Advisory Board for Equal, an identity verification firm, and its investee, OneMoney, a data-sharing platform.

The newly formed Advisory Board for Equal, an identity verification and data-sharing platform, and its strategic investor, OneMoney, an account aggregator, has named retired Justice B.N. Srikrishna as its chairman. A stronger regulatory push for data security and privacy is indicated by this appointment, which coincides with the government's recent release of the draft rules for the Digital Personal Data Protection (DPDP) Act.

Composition of the Advisory Board

Distinguished leaders from a range of industries make up the Advisory Board:

Former Supreme Court justice and leading expert on data protection is Justice B.N. Srikrishna.

Former Reserve Bank of India (RBI) Deputy Governor Jagdish Capoor is well-known for his contributions to banking regulations.

Former RBI Deputy Governor Rakesh Mohan is a prominent figure in monetary strategy and economic policy.

Anand Sinha: Former RBI Deputy Governor with extensive knowledge of financial regulation and banking sector reforms.

J. Satyanarayana: e-governance and digital infrastructure pioneer, former UIDAI chairman.

Through open platforms like Digilocker and UPI, Ajay Prakash Sawhney, a former secretary in the Ministry of Electronics and IT, played a key role in guiding India's digital transformation.

P.H. Ravikumar is a seasoned leader in the financial services industry in India and the founding CEO of NCDEX.

Anitha Ramachandran is an HR specialist and an independent director on several boards.

With more than thirty years of experience leading the way in digital banking and payment solutions, Sunil Kulkarni is a fintech specialist and advisor.

Function and Goals

The Advisory Board will provide Equal and OneMoney with direction in several important areas, such as:

Ensuring compliance with changing data protection laws and regulations is known as regulatory compliance.

Encouraging responsible and open data use is known as ethical data practices.

Governance Frameworks: Putting in place strong frameworks for data security and management.

Promoting the creation of safe, consent-based data-sharing systems is an example of technological innovation.

Concerning OneMoney and Equal

Established in 2022 by Keshav Reddy and Rajeev Ranjan, Equal integrates more than 4,000 API providers and more than 50 identity databases to provide identity authentication services. WeWork, L&T, TVS, Aragen, Emri, Achala, and Hetero are among its customers. Equal improved its consent-based financial data-sharing services in August 2024 by making a strategic investment in OneMoney, an account aggregator platform licensed by the RBI. Together, they serve more than 250 clients and have made it possible for more than 75 million transactions each month.

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