Open Credit Enablement Network (OCEN)

Open Credit Enablement Network (OCEN), is a protocol infrastructure for the democratization of credit.
It is developed by a think tank, Indian Software Products Industry Round Table (iSPIRT).
It will mediate the interactions between loan service providers, usually fintech and mainstream lenders, including all large banks and NBFCs.
Meanwhile, private equity and venture capital players, angel investors, high net worth individuals and others will also could be part of this exercise as investors.
To start with, iSPIRT will work with lenders such as the State Bank of India.
Former SEBI Chairman U. K. Sinha MSME Committee had recommended this architecture in 2019.