Freedom Finance Stack is an open source initiative by RAZORPAY that aims to provide a comprehensive and interoperable solution for digital finance in India. It leverages the existing India Stack, a set of open-access software standards that facilitate digital payments, identity verification, dagit sta sharing, and consent management. Freedom Finance Stack builds on top of India Stack to offer additional features and capabilities.
- Freedom Finance Stack is an open source digital finance stack that aims to enable limitless innovation and collaboration in the financial ecosystem.
- It offers solutions for different stakeholders, such as banks, technical service providers, institutions and regulators, and fintech.
- It provides benefits such as igniting innovation, leapfrogging legacy tech, reducing vendor lock-in, lowering development costs, ensuring security, expanding opportunities, simplifying compliance, and prioritizing quality.
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- ACS (Access Control Server) in the Freedom Finance Stack (FFS) by Razorpay is a robust and secure platform facilitating cardholder authentication for card issuers, ensuring compliance with 3-D Secure protocols and enhancing the security and interoperability of digital finance solutions.