The NBFC-AA ecosystem works in a manner that banks, insurance companies and asset management firms, who have large client ...

The RBI Account Aggregator (AA) framework allows customers to seamlessly share information with their financial service providers. All the while, it gives the customer significant control ...

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 ...

The aggregator framework in India is expected to achieve ... get a comprehensive view of their transactions across all bank accounts through the new account aggregator-enabled facility.

Walmart-backed PhonePe will surrender its non-banking financial company account aggregator license to the RBI and transition ...

As we evolve in this journey, we believe that with the other BFSI entities regulated by IRDA, SEBI and PFRDA also joining the account aggregator framework shortly, our ability to offer uniquely ...

While the Account Aggregator framework is at its formative stage, we believe that it will have a transformative impact on the financial ecosystem with use cases across banking, lending ...

Three years after India unveiled the account aggregator, or AA, framework to facilitate consented sharing of consumers’ financial information, multiple gaps still plague the system that was ...

The Walmart-backed fintech firm will continue offering account aggregation services through its subsidiary, PhonePe ...

The report, based on aggregated and anonymised data from Cred Money built on the account aggregator framework, highlighted that around 42% of individuals receive dividend payments an average of 10 ...

PhonePe entered the AA space in June 2023, aiming to accelerate the ecosystem’s growth. At the time, the adoption of AA ...