November 1, financial institutions will pay a standard fee to access customer data through the Account Aggregator network.

RBI Governor Sanjay Malhotra said the framework can provide individuals with an overview of their financial assets, allowing financial information that is currently fragmented across different ...

Nandan Nilekani, co-founder of Infosys, has urged for the expanded adoption of the Account Aggregator (AA) framework to ...

Nilekani said widening adoption and bringing additional categories of financial information onto the platform could help ...

New pricing and RBI interoperability aim to boost Account Aggregator adoption by clarifying economics and simplifying ...

A joint report by CRIF Credit Information Services and Sahamati found that AA-enabled lending is associated with greater participation by new-to-credit borrowers and customers in smaller cities, ...

AA-enabled lenders have reported higher average loan sizes and slightly lower delinquency than those not using the framework ...

RBI enables NBFC-AA interoperability for consent-based, cross-provider data sharing, boosting credit assessment, financial inclusion, and unified accounts view.

Customers will be able to access financial information through any NBFC-AA, while demat account holders can also view bank deposit details in consolidated statements ...

Nandan Nilekani urges wider use of Account Aggregators to help self-employed, gig workers, and street vendors access formal ...

Account aggregators interoperability can allow customers to access the ecosystem seamlessly irrespective of the account aggregator.

Bank deposit details could be added to Consolidated Account Statements, giving demat holders a wider view of their financial holdings in one place ...