India, Jan. 14 -- The Government of India has issued a release:
The National Financial Reporting Authority (NFRA), in partnership with IndiaAI, has launched the IndiaAI Financial Reporting Compliance Challenge to solicit AI- powered solutions that help in monitoring financial reporting quality and speed up internal tasks.
The initiative invites Indian companies and DPIIT-recognized startups to develop an advanced engine capable of extracting data from multi-format documents and validating them against frameworks. Participants will compete for a total prize pool of Rs.1.5 Crore, with up to ten teams receiving Rs.5 Lakhs each during a virtual refinement stage and one winner potentially securing a two-year contract with NFRA worth up to Rs.1...