List of Account Aggregators in India

An individual can safely and digitally obtain and exchange knowledge from one financial institution with which they have an account to any other governed financial institution in the AA network with the aid of an Account Aggregator (AA), a specific category of RBI-regulated entity (with an NBFC-AA licence). I opted for the same method when I wanted to know about

account aggregator in India.

There are numerous Account Aggregators from which one might select. The lengthy conditions and terms form of "blank cheque" approval is replaced with Account Aggregator's granular, step-by-step consent and management for each usage of your data. I am going to tell you all I know about

account aggregator in India.

The Account Aggregator technology can significantly speed up and reduce the cost of lending and wealth management.

List of account aggregators in India

We just have to make the bank sign-up with the Account Aggregator community. Axis, ICICI, HDFC, IndusInd Bank, State Bank of India, Kotak Mahindra Bank, IDFC First Bank, and Federal Bank are the eight banks that already exist.

How will the new Account Aggregator network improve an average person's financial life?

Consumers in India today must deal with a variety of inconveniences related to the financial system, including sharing physically signed and collected bank statements, running around to notarize or stamp documents, and being required to share your unique username and password in order to reveal your financial history to a third party. All of these would be replaced by the Account Aggregator network's easy, mobile-based, straightforward, and secure digital access to data & sharing method. This will open up prospects for new services, such as additional loan types.

NBFC Account Aggregators in India with An Operating License:

The RBI has given several Account Aggregators permission to proceed. Below is an alphabetical list of them.

1. CAMSFinServ

2. Cookiejar Technologies Private Limited (Product titled Finvu)

3. FinSec AA Solutions Private Limited (Product titled OneMoney)

4. NESL Asset Data Limited

5. Perfios Account Aggregation Services Pvt Ltd (Product titled Anumati)

6. Yodlee Finsoft Private Limited

AAs with client-facing apps:

A few account aggregators have released their client-facing apps, the details are as below.

1. CAMS

2. FinVu

3. NADL

4. Onemoney

AAs with In-Principle Approval:

Account Aggregators who have received In-Principle approval from RBI are listed below.

1. Agya Technologies Private Limited

2. CRIF Connect Pvt. Ltd

3. Dashboard Account Aggregation Services Private Limited

4. Digio Internet Private Limited

5. NSDL E-Governance Account Aggregator Limited

6. PhonePe Technology Services Private Limited

7. Tally Account Aggregator Services Private Limited

8. Unacores AA Solutions Private Limited

I hope now you know about all the account aggregator in India.