IFSCA has launched Single Window IT System (SWIT System). This unified one stop digital platform has been conceptualized and developed by IFSCA to facilitate ease of doing business in the International Financial Services Centre (IFSC) by streamlining the application process and eliminating the need for businesses to navigate multiple Authorities independently for various necessary approvals.
IFSCA’s SWIT System enables applicants to submit applications, obtain approvals, and fulfil approval related regulatory requirements through digital means in a simple, seamless and secure manner. With the launch of SWIT System, applicants can now apply for license/ registration from IFSCA, under the relevant IFSCA Regulations and Frameworks, through the SWIT Platform.
Some of the key features of the SWIT System are as under:
a) Common Application Form
b) Integration via API with SEZ Online System for obtaining SEZ Approvals
c) Interface with three financial regulators i.e. RBI, SEBI and IRDAI for obtaining No Objection Certificate (NoC)
d) Obtaining GST Registration
e) Real time data validation of PAN, DIN and CIN
f) Integrated Payment Gateway
g) Integrated Digital Signature Certificate (DSC) Module
