Account Aggregator network
Account Aggregator Network is a financial data-sharing system launched by the Indian government to provide customers more access and control over their financial records. It expands the potential pool of customers for lenders and fintech companies by increasing their access to the customer-consented data.
This system will ensure transparency in banking sector in India and empower millions of customers to access and share their financial data in a secure and effective manner. It was recently started off with 8 of IndiaÂ’s largest banks. It will make lending and wealth management faster and cheaper.