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AA CONSENT FRAMEWORK
More data doesn’t mean better credit: Account aggregators prove whyIn this new era, competitive advantage will belong to those with the most disciplined analytical frameworks.
Banks, asset management firms, stock brokers set to be shareholders in SahamatiBanks, NBFCs, brokers and fintechs are investing in Sahamati, with major lenders and platforms taking nearly 2–8.5% stakes. The move aligns...
Account Aggregator ecosystem to unlock new frontiers in formal credit access: FinminThe Account Aggregator (AA) ecosystem, launched in 2021, is rapidly expanding, fostering secure, consent-based financial data sharing. With...
Account aggregator ecosystem facilitates loans worth Rs 1.6 lakh crore in FY25Per a report by Sahamati—a bunch of entities within the AA ecosystem—titled ‘Credit Reimagined: Account Aggregator (AA) Impact H2 FY25,’ NB...
₹74,500 crore disbursed via Account Aggregator in H1 FY25: Sahamati reportDigital lenders, NBFCs, and banks disbursed Rs 74,500 crore through the Account Aggregator framework in the first half of this fiscal year....
Lending firms utilise Account Aggregator framework for Rs 42,300 crores in loans: SahamatiSahamati is a market-led industry alliance for the AA ecosystem. The report on ‘Lending facilitated by Account Aggregators’ is the first of...
Frictionless credit, next big betAccording to World Bank, a staggering 92% of SMEs lack access to formal lines of credit. It estimates this credit gap at around $300 bn. Th...
Total number of consents processed by NBFC-AA crosses 100 million: SahamatiAccording to CEO BG Mahesh, use cases are rising with financial information users using AA for streamlined tasks like customer onboarding t...
Sebi extends timeline to submit public comments on proposal concerning account aggregatorAn Account Aggregator (AA), a RBI-regulated Non-Banking Finance Company (NBFC), helps an individual securely and digitally access and share...
Sebi floats consultation paper to improve safeguards within Account Aggregator frameworkSecurities and Exchange Board of India (Sebi) has released a proposal aimed at improving the safeguards within the account aggregator (AA) ...
Sahamati working on framework for fair use of AA consentSahamati recently hosted an Open House discussion on the fair use of AA consent, where it explored guidelines for the AA ecosystem.
How Account Aggregator is bringing customer consent back into lending pictureAccount Aggregators work by facilitating the data transfer in a secure manner while retaining record of the consent.
Sebi joins RBI’s account aggregator framework to boost financial-data sharing systemThe framework will allow customers to share information about their mutual fund and stock holdings with financial service providers.
Sebi joins RBI's account aggregator ecosystemAccount aggregator or AA is an RBI-regulated non-banking finance company (NBFC) that facilitates the collection of the financial informatio...
Stock market watch: What to expect from the week ending October 1, 2021Since Nifty is trading within the broadening formation and the upper and lower levels are at 18,070 and 17,400 respectively, there is no ma...
AA framework offers UPI-style revolution in MSME financingFour private banks set to go live by July on account aggregator framework
Account Aggregators can change the lending landscape, but there is a hitchAAs have the potential to revolutionize the digital lending segment and enable the integration of more people and businesses into the forma...