IRIS Business Services RegTech Solutions Limited has announced the launch of a pilot program to facilitate business loans for Micro, Small and Medium Enterprises (MSMEs) through its IRIS Peridot platform. The initiative represents a significant step in the company's efforts to strengthen financial access for small businesses across India.

Pilot Program Structure and Partnership Model

Under the new pilot program, eligible MSMEs can initiate loan applications directly through the IRIS Peridot platform. The company functions as a digital facilitator while lending partners handle the actual loan processing. This structure allows MSMEs to apply to multiple lenders and complete their loan journeys directly with respective financial institutions.

State Government Collaborations

The lending pilot forms part of IRIS's broader engagement with State Governments through signed Memoranda of Understanding (MoUs). These partnerships focus on supporting MSMEs with digital tools and data-driven services, with the lending initiative specifically designed to strengthen access to finance for small businesses.

K. Balachandran, CEO of IRIS, emphasized the strategic importance of this initiative: "Our work with State Governments has highlighted the need for simple, trusted and compliant digital pathways for MSMEs. The proposed pilot is a step towards understanding how data, when used responsibly, can help streamline credit access for small businesses while keeping all regulatory boundaries intact."

Enhanced IRIS Peridot Platform Features

The IRIS Peridot app has been enhanced to support the business loan pilot while maintaining its existing comprehensive suite of MSME services. The platform currently offers multiple functionalities designed to support small businesses in their daily operations.

Shilpa Dhabale, Business Head – IRIS MSME, outlined the pilot's objectives: "Through this pilot, we aim to observe how MSMEs engage with a digital loan journey and how lenders respond when assisted with verified data. The learning from this controlled rollout will help us refine our platform and better support MSMEs in their day-to-day financial needs."

Implementation Strategy and Future Plans

The pilot program will commence with a limited set of users and selected lending partners. This controlled approach is designed to evaluate system readiness, operational workflows, and user adoption patterns before considering broader implementation. The company plans to use insights from this initial phase to refine the platform and plan a wider rollout subsequently.

IRIS RegTech Solutions Limited operates as a Global RegTech company listed on both BSE (Scrip code: 540735) and NSE (Symbol: IRIS). The company's SupTech suite serves over 30 regulators worldwide, including business registries, central banks, and stock exchanges, while also providing financial, ESG, and regulatory reporting software to enterprises and financial institutions globally.

IRIS RegTech Solutions Limited has announced the extension of its existing contract with Xpert Decisions Systems (Pty) Ltd for continued software solution implementation services for the South African Reserve Bank. The company made this disclosure under Regulation 30 of SEBI regulations on December 11, 2025.

Contract Extension Details

The extended arrangement focuses on the continued implementation and support of the CODI deposit insurance solution. This engagement represents a continuation of the company's existing relationship with its South African partner, Xpert Decisions Systems (Pty) Ltd.

Business Impact and Terms

The company has indicated that this engagement falls within the ordinary course of business operations and does not have any material impact on the company's financials. The contract value remains confidential and will be subject to negotiation with the partner.

Key aspects of the arrangement include:

• Continued implementation services for the deposit insurance solution
• Ongoing support services in conjunction with the South African partner
• Technology implementation for banking sector requirements
• Project execution as per agreed timelines detailed in confidential Statements of Work

Regulatory Compliance

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that there are no related party transactions involved in this contract extension, and no promoter or group companies have any interest in the contracting entity.

Company Background

IRIS RegTech Solutions Limited, formerly known as IRIS Business Services Limited, operates from Tower 2, 3rd floor, International Infotech Park, Vashi, Navi Mumbai. The company specializes in regulatory technology solutions and maintains its primary listing on both BSE (Scrip Code: 540735) and NSE (Symbol: IRIS).