Moneycontrol PRO
HomeNewsBusinessStartupCompanies will soon have Digilocker accounts to share documents with regulators

Companies will soon have Digilocker accounts to share documents with regulators

The India Stack platform is also building a 'Digilocker for families' feature that will enable multiple family members to use the tool via a single device

January 25, 2023 / 15:55 IST
Digilocker currently allows individuals to store and share their certificates, such as academic records, driving licence, PAN cards etc, with organisations which need to verify those documents like banks.

Government digital certificate depository Digilocker will soon enable organisations to store and share their documents such as IT returns and financial statements with regulatory bodies.

As yet, Digilocker only allows individuals to store and share their certificates, such as academic records, driving licence, PAN cards etc, with organisations which need to verify those documents like banks.

It has already collected over 560 crore digital documents of more than 14 crore citizens, a senior official said at the inaugural India Stack Developers Conference on January 25.

Another feature the digital public repository is working on will allow citizens in underprivileged households to access and use the platform from a single device.

"A lot of times, there is only one phone in a family. In such cases, this feature will help multiple family members use the platform through a single device," said Debabrata Nayak, director of Digilocker.

Digilocker has also garnered interested among foreign governments who want to adopt the tool to ease document sharing in their countries. It is one of the building blocks of India Stack that the Centre has cleared for adoption and implementation internationally.

At the annual Google for India event in December, the tech giant had announced that DigiLocker will allow Android users access verified government-issued documents from the app.

The partnership will enable DigiLocker integration within the ‘Files’ app. Google also announced an AI based model to help identify and organise important files including official documents and government ID cards.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

Deepsekhar Choudhury
Deepsekhar Choudhury Deepsekhar covers tech and startups at Moneycontrol. Tweets at @deepsekharc
first published: Jan 25, 2023 03:55 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347