365telugu.com online news,National,January 11, 2025: Equal, one of India’s leading secure data-sharing platforms, and its strategic investee OneMoney, the country’s first and largest RBI-licensed Account Aggregator, have appointed Justice B.N. Srikrishna, former Supreme Court Judge and a trailblazer in India’s data protection laws, as the Chairman of their newly formed Advisory Board.

The Board will guide both companies in advancing secure, consent-driven data sharing, ensuring regulatory compliance, and promoting ethical data practices within the ever-evolving digital landscape.

Justice Srikrishna, a prominent figure in the development of India’s data protection framework, brings decades of legal expertise and a deep understanding of balancing individual rights, economic growth, and national interests.

As Chairman, he will lead Equal and OneMoney’s efforts to uphold the highest standards of security, compliance, and consent-based data-sharing practices in the rapidly growing digital economy.

“I am delighted to take on this role with Equal and OneMoney as Chairman of their Advisory Board. Their commitment to ensuring secure, compliant, and consent-driven data sharing resonates with my work in safeguarding privacy and fostering trust in technology-driven products and services,” said Justice Srikrishna.

“In this capacity, I look forward to collaborating on solutions that balance individual rights, economic growth, and societal stability. Together, we aim to build frameworks that not only promote innovation but also set global benchmarks for ethical data usage and corporate governance. This Advisory Board is a testament to the companies’ unwavering commitment to accountability and governance.”

The Advisory Board, composed of distinguished leaders from the fields of law, finance, technology, and public policy, will provide strategic guidance to Equal and OneMoney in areas including regulatory compliance, ethical data practices, governance frameworks, and technological innovation. The members of the Board include:

  1. Justice B.N. Srikrishna, Former Supreme Court Judge and renowned authority on data protection
  2. Jagdish Capoor, Former Deputy Governor of RBI, known for his contributions to banking regulation
  3. Rakesh Mohan, Former Deputy Governor of RBI, and influential economist in monetary policy
  4. Anand Sinha, Former Deputy Governor of RBI, with extensive experience in financial sector reforms
  5. J. Satyanarayana, Former Chairman of UIDAI, a pioneer in e-governance and digital infrastructure
  6. Ajay Prakash Sawhney, Former Secretary, Ministry of Electronics and IT, instrumental in India’s digital transformation
  7. P.H. Ravikumar, Founding CEO of NCDEX and a veteran in India’s financial services sector
  8. Anitha Ramachandran, Independent Director and HR expert, with a wealth of corporate governance experience
  9. Sunil Kulkarni, Fintech expert with over three decades of leadership in digital banking and payments

Equal, founded in 2022 by Keshav Reddy and Rajeev Ranjan, made a strategic investment in August 2024 in OneMoney, an RBI-licensed Account Aggregator. OneMoney is a leading player in the account aggregator space, serving over 200 financial information users.

The platform offers consumers consent management solutions and provides secure data-sharing services for financial institutions in India’s open banking ecosystem.

Both Equal and OneMoney share the common goal of democratizing data, reducing transaction costs, and empowering underserved segments of society.

Keshav Reddy, Founder of Equal, highlighted the significance of the Advisory Board in shaping the company’s strategic direction. “At Equal, we are dedicated to empowering Indians by improving access to credit, employment, and healthcare.

We are honored to have one of India’s most esteemed advisory boards, whose expertise will ensure our initiatives meet the highest standards of compliance, transparency, and accountability.

With Justice Srikrishna leading our Advisory Board, along with this esteemed group of experts, we reaffirm our commitment to innovation, accountability, and positioning India as a global leader in trusted data practices.”

Krishna Prasad, Founder of OneMoney, added, “Digital Consent helps level the playing field between individuals and corporations, reducing power asymmetry. The Account Aggregator system empowers the financial sector by creating a balanced exchange, promoting financial inclusion through fair exchanges and the sachetisation of products and services.”

The formation of this Advisory Board marks a significant step in Equal and OneMoney’s mission to become a key player in India’s digital ecosystem. By bringing together thought leaders from law, finance, and technology, the companies are committed to shaping the future of secure, ethical, and scalable data-sharing solutions.

With a focus on addressing the challenges of the digital age, their goal is to lead India’s digital transformation while ensuring a secure and transparent environment for businesses and individuals.

For more information or inquiries, please contact:
publicrelations@equal.in