Tag: Laons

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...