Account Aggregator

In today's digital era, the seamless and secure exchange of financial data is crucial for individuals to access innovative financial services and make informed decisions. Account Aggregators (AAs) have emerged as a groundbreaking solution in India, enabling individuals to have control over their financial information and share it securely with trusted Financial Information Providers (FIPs) and Financial Information Users (FIUs). At the forefront of promoting harmonious adoption and development of the AA ecosystem is Sahamati, the collective of the Account Aggregator ecosystem in India. In this article, we explore the role of Sahamati and the impact it has on shaping the future of the Account Aggregator ecosystem. Empowering Indians with their Data Sahamati's mission is to empower Indians...

Account Aggregator in India The Account Aggregator (AA) framework in India is revolutionizing the financial landscape by enabling secure and consented sharing of financial data between Financial Information Providers (FIPs) and Financial Information Users (FIUs). This innovative system is designed to improve access to financial services, particularly for small and medium-sized enterprises (SMEs) and individuals who have traditionally faced barriers in accessing credit. A Game Changer for Financial Inclusion? The AA (Account Aggregator) Framework: A New Era of Financial Inclusion The AA framework, introduced by the Reserve Bank of India (RBI) and the Government of India, is aimed at empowering consumers by enabling them to share their financial data securely and electronically with FI...

Tag: Account Aggregator

Account Aggregator Ecosystem and Sahamati: Revolutionizing Access to Financial Information

5 Essential Benefits of Account Aggregator in India for Financial Empowerment