Financial institutions in India have the ability to connect and play with the Account Aggregator Platform.
TSP SaaS solutions like Sterling Finduit permit financial institutions to be part of the Account Aggregator ecosystem and gain access to customer's financial records without a problem with integration. What exactly is Account Aggregator? Account Aggregator is one of the most discussed Fintech disruptive technology in recent years. It's a concept proposed by the RBI in the past, and it is the first digital framework that is based on consent which can gather customer's full financial information that is stored in silos, shared with various organizations, and provide the data to financial institutions with encrypted data. By having this access to data, Financial Information Users (FIU) like loan lenders and wealth managers will be able to make informed loans and offer better informed choices for investing. The A (Account Aggregator) system allows clients to provide their financial data with encryption through several financial Information Providers (FIP) to an FIU via a centr...