2. How do Account Aggregators ensure the security of my financial data? Account Aggregators implement security measures such as encryption, secure authentication, and other industry-standard ...

With an aim to resolve this inconvenience, in 2016, the Reserve Bank of India had proposed setting up a framework for account aggregators. These Account Aggregators are expected to fill this gap ...

MUMBAI, March 12 (Reuters) - India's central bank has invited applications to recognise a self-regulatory organisation for account aggregators that facilitate the exchange of information between ...

“While the first batch of account aggregators has managed to tie up with large financial data providers like banks (FIPs), the ones who got licences subsequently have been facing challenges to ...

The AA framework facilitates secure and seamless exchange of specified financial information through non-banking financial company-account aggregators, which act as intermediaries between ...

The framework involves non-banking financial oompany-account aggregators (NBFC-AAs) acting as intermediaries between financial information providers (FIPs) and financial information users (FI-Us ...

Account aggregators (AAs), regulated by the RBI, streamline this by enabling secure, consent-based data sharing between individuals and financial institutions like banks, insurers, and NBFCs.

MUMBAI: To streamline data exchange and resolve operational issues within the financial sector, the Reserve Bank has called applications for a self-regulatory organisation (SRO) for the account ...

Digital lenders, NBFCs, and banks disbursed Rs 74,500 crore through the Account Aggregator framework in the first half of this fiscal year. The AA ecosystem facilitated 5.47 million loans, ...

MUMBAI (Reuters) - India's central bank has invited applications to recognise a self-regulatory organisation for account aggregators that facilitate the exchange of information between financial and ...