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NFRA-IndiaAI launch Financial Reporting Compliance Challenge

Published: Jan 15, 2026

By TIOLCorplaws News Service

NEW DELHI, JAN 15, 2026: THE National Financial Reporting Authority (NFRA), in partnership with IndiaAI, has launched the IndiaAI Financial Reporting Compliance Challenge to solicit AI- powered solutions that help in monitoring financial reporting quality and speed up internal tasks.

The initiative invites Indian companies and DPIIT-recognized startups to develop an advanced engine capable of extracting data from multi-format documents and validating them against frameworks. Participants will compete for a total prize pool of Rs 1.5 Crore, with up to ten teams receiving Rs 5 Lakhs each during a virtual refinement stage and one winner potentially securing a two-year contract with NFRA worth up to Rs 1 Crore for national-scale deployment.

The challenge seeks to produce explainable compliance validation reports, automated analytics for risk indicators, and an AI-enabled insight bot to support the NFRA's mission of safeguarding public trust and investor interests. Applications are currently open and will close on February 22, 2026.

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