Laraware Private Limited launched Nxtbanking, India’s first fully AI-native fintech platform, marking a major leap in the country’s digital finance and fintech ecosystem. It integrates 50+ financial APIs including AEPS, BBPS, Recharge, DMT, Aadhaar Pay, and Micro ATM. The platform is end-to-end AI-powered, focusing on intelligent KYC, verification, fraud detection, and seamless deployment.
Key Features of Nxtbanking
AI-Driven Architecture:
- Not just another API platform- it’s an AI-native full-stack fintech platform.
- Designed to automate:
- Onboarding
- KYC verification
- Transaction processing
- Fraud prevention
8-Layer Intelligent KYC & Compliance Engine:
Includes:
- Aadhaar, PAN, Bank Account, GSTIN, CIN verification
- Real-time AI-based OCR Document Reading
- Face Match & Liveness Detection
- Geo-tagged & Device-Fingerprint Based Access
- Auto-Escalation Engine with Role-Based Controls
- Watchlist Screening, Blacklist Matching & Pattern-Based Fraud Alerts
Plug-and-Play Fintech Infrastructure:
- Allows fintechs, NBFCs, and banks to launch within hours, bypassing typical months-long development cycles.
- Enables production-ready compliance, auto-audit trails, and role-based access control.
Platform Capabilities:
- White-labeled Retailer Portals
- Embedded Banking Portals
- Smart Business Intelligence (BI) Dashboards
- Developer SDKs & APIs
- Scalable, Zero Downtime Infrastructure
- Bank-grade encryption & regulatory audit compliance
National Relevance
- Supports India’s vision of becoming a $1 trillion digital economy.
- Addresses needs of:
- Startups and rural fintechs
- BFSI institutions
- Fintech distributors and agents
- Contributes to:
- Digital Financial Inclusion
- Compliance-friendly Innovation
- Scalable fintech ecosystems for Bharat
Significance
- First-of-its-kind in India: No other platform offers full-stack AI-based onboarding + transaction + compliance under one framework.
- Cuts down go-to-market time for fintech solutions from months to hours.
- Strengthens India’s digital public infrastructure (DPI) push and fintech innovation ecosystem.
- Helps rural fintech players scale faster with low-code/no-code tech options.
Key Facts
About Laraware Private Limited:
- A tech company focused on AI-integrated platforms for financial and identity services.
- Developer-first mindset, prioritizing secure, scalable infrastructure for digital financial products.
AEPS:
- Aadhaar Enabled Payment System: allows basic banking services using Aadhaar authentication.
BBPS:
- Bharat Bill Payment System: a one-stop bill payment platform regulated by the RBI.
DMT:
- Domestic Money Transfer: real-time money transfer facility to any bank account within India.