India is undergoing a remarkable transformation in its financial services sector, driven by innovation and advanced technology. At the forefront of this revolution is Anvesh Tiwari, a visionary entrepreneur and technologist, who has spearheaded the launch of India’s first fully AI-powered fintech platform, named Nxtbanking, developed by Laraware Pvt Ltd. This groundbreaking platform is poised to redefine the landscape of digital financial services, promising scalability, compliance, and unparalleled innovation.

Nxtbanking emerges as a significant advancement in the fintech ecosystem, providing banks, non-banking financial companies (NBFCs), aggregators, and startups the ability to deliver intelligent financial services instantly. Tiwari emphasizes that fintech requires more than just code; it requires cognition—an integral aspect of what their platform offers. By harnessing deep AI automation, Nxtbanking streamlines critical processes such as onboarding, verification, transaction execution, and fraud prevention.

This innovative platform is not simply another API solution but serves as an all-encompassing, AI-native fintech stack. Businesses can now access over 50 pre-integrated APIs that cover essential services including AePS (Aadhaar-enabled Payment System), BBPS (Bharat Bill Payment System), Aadhaar Pay, DMT (Domestic Money Transfer), recharge services, and payouts. Through an extensive 8-layer AI compliance engine, Nxtbanking ensures real-time verification of Aadhaar, PAN, GSTIN, and bank accounts, alongside features such as AI-based OCR (Optical Character Recognition), document parsing, facial matching, geo-tagging, device fingerprinting, and dynamic fraud scoring.

One of the standout aspects of Nxtbanking is its ability to drastically cut down launch timelines from months to just hours. This radical reduction fosters innovation while maintaining thorough compliance measures, shifting the typical regulatory hurdles faced by many fintech startups. The platform’s role-based access controls, comprehensive audit trails, and auto-escalation systems further enhance its reliability, positioning it as a vital asset in the fast-evolving fintech space.

Built with a developer-first approach in mind, Nxtbanking equips teams to create and scale fintech products like never before. White-labeled retailer portals, customizable business intelligence and analytics dashboards, and robust developer SDKs and API tools make it adaptable for a wide range of users. With scalable infrastructure designed for zero downtime and top-notch security protocols including bank-grade encryption, the Nxtbanking platform embodies the very essence of modern fintech.

Anvesh Tiwari’s expertise and strategic focus on an AI-first architecture have propelled Laraware to become an influential player within India’s backend banking and fintech systems. With a vision that extends beyond addressing current fintech challenges, Tiwari speaks to the future: “We are not just solving today’s fintech problems — we are building the digital architecture for India’s economy in 2030.” This forward-thinking mindset aligns seamlessly with India’s ambitions of becoming a $1 trillion digital economy, emphasizing financial inclusion and technological advancement.

As the financial landscape continues to evolve, platforms like Nxtbanking are leading the charge, providing businesses with the tools they need to innovate and thrive. By breaking down barriers and enabling compliance, Laraware’s latest offering signifies a monumental leap not just for fintech but for the broader spectrum of India’s financial services sector. With Tiwari at the helm, the promise of a more connected and inclusive financial ecosystem is drawing nearer.