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IAMAI Submission to TEC Proposes Adoption of
Self-certification and Voluntary
Standards for AI Systems
The Internet and Mobile Association of India (IAMAI) made a submission to the
Telecommunication Engineering Centre (TEC) in response to its Draft Standard for
‘Robustness Assessment and Rating of Artificial Intelligence System in Telecom
Networks and Digital Infrastructure’. It noted that the Draft TEC Standard might
stifle the growth of India's nascent AI ecosystem and emphasised the need to
leverage existing legal frameworks to mitigate any harms emanating from AI as
opposed to any overly prescriptive standards.
IAMAI also advocated for the adoption of self-certification and voluntary
standards for AI systems as opposed to third-party certifications or a
one-size-fits-all framework such as the one proposed by the TEC. The Association
underlined that self-certification and voluntary standards would provide a
flexible approach for organisations to adopt best practices and encourage
companies to assess and mitigate risks while setting industry norms without
stifling innovation.
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IAMAI Exports Working Group Interaction with Joint DGFT
| The IAMAI Exports Working Group, comprising key players from Supply Chain
Finance, International Remittance, E-Commerce, and Logistics, met the Joint
Director General of Foreign Trade, Ministry of Commerce and Industry, on January
8, 2025. The meeting discussed the challenges faced by Indian MSMEs and explored
collaborative solutions to enhance India's export potential. |
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Knowledge Sessions on DPDP Rules, 2025
| In response to the release of the draft Digital Personal Data Protection Rules,
2025 by the Ministry of Electronics and Information Technology (MeitY) on January
3, 2025, the Internet and Mobile Association of India (IAMAI) organized a series
of knowledge session webinars, in January, to facilitate a deeper understanding of
the proposed regulations across various sectors. The webinars aimed to shed light
on the potential impact of the Draft DPDP Rules on sectors such as Digital
Advertising, Digital Entertainment, Digital Gaming, Digital Payments, Digital
Transformation, D2C, EdTech, Fintech, HealthTech, TravelTech, Supply Chain, and
Ecommerce. Recognizing the broad implications these rules could have on businesses
and digital ecosystems, IAMAI brought together legal professionals from leading
law firms, such as Ikigai Law, Khaitan & Co., Shardul Amarchand Mangaldas
& Co., Cyril Amarchand Mangaldas, Spice Route Legal, and Trilegal to guide
stakeholders through the key provisions. The discussions focused on critical
aspects such as data fiduciary obligations, consent management, lawful processing
of personal data, security measures, verifiable consent for processing personal
data of children and persons, and the specific responsibilities for Significant
Data Fiduciaries. By providing insights into the processing of personal data both
within and outside India, the webinars aimed to equip companies with the knowledge
needed to navigate compliance challenges. An overarching webinar by IAMAI’s
Public Policy Committee holistically addressed the impact of the Draft Rules on
the entire digital sector. |
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Open Finance Webinar with Central Bank of UAE
| The Payments Council of India (PCI) and the Fintech Convergence (FCC), in
collaboration with the Central Bank of UAE hosted a webinar on the Open Financial
Regulation issued by the CBUAE. The webinar discussed in detail the regulation
which was a part of the CBUAE’s Financial Infrastructure Transformation
Program that mandates all supervised financial institutions to participate in the
open finance framework. More than 70 industry officials participated in the
webinar. |
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Technology Enablers Committee Quarterly Meeting
| The Technology Enablers Committee, under the PCI held it quarterly meeting on
January 9, 2025. The discussed several key issues of the digital payments
landscape such as challenges related to lien marking and account phishing, efforts
to incentivize local manufacturing of digital payment hardware, and the need for
standardized audit requirements among PSOs. |
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Card Networks Committee Meet Discussed IRDAI Guidelines
| PCI’s Card Networks Committee held a meeting to explore the IRDAI
guidelines, particularly the ones around name matching in transactions within the
insurance sector, on January 6, 2025. Key issues addressed at the meeting included
challenges related to name variations, the potential for pre-authorization
transactions on debit cards, and the need for clarity from IRDAI regarding
compliance and timelines for policy issuance. |
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Card Networks Committee Discussion on Card Controls
| PCI’s Card Networks Committee in a discussion held on January 16, 2025,
emphasized the need for enhanced card controls in the payments industry to improve
security and customer experience amidst the rise of digital transactions. Key
issues included a high rate of declined contactless transactions due to disabled
card controls. The Committee proposed solutions focus on automatic PIN prompts for
declined transactions and re-enabling e-commerce card controls during card
renewals to minimize friction for customers. |
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Knowledge Session on Banning of Unregulated Lending Activities (BULA)
| FCC’s Digital Lending Committee along with PW & Co LLP hosted a
webinar, on 9th January 2025, on the Banning of Unregulated Lending Activities
(BULA) Bill. The session deliberated upon the implications of the BULA Bill on
digital lending as well as the entire fintech ecosystem. Mr. Amit Jain, Partner at
PW & Co LLP, addressed the webinar. More than 90 industry officials
participated in the webinar. |
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FCC-NSE Creative Awareness Campaign
| The FCC in collaboration with the NSE has been campaigning to spread awareness
to small retail investors enabling them to make informed investment decisions
since 15th April 2024. Several member participants including Paytm Money, ICICI
Securities, Fintoo, Experian, LXME and Stockgrowth have participated in this. The
campaign is in its tenth round of creative initiatives. The message for January
2025 was: “Avoid illegal dabba trading. Dabba Trading is prohibited and
risky. Always choose SEBI-registered intermediaries for your investments."
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