Empowering Indians with their Data for a Better Financial Future

Sahamati is powering harmonious adoption of the Account Aggregator framework to create better value and innovative services for every Indian through secure exchange of financial data.

Sahamati Annual Report – October 2024

We are pleased to announce the release of our latest annual report.

The report “Data Capital: Unlocking Formal Finance for a Billion Indians” marks three years since the public launch of the Account Aggregator ecosystem, a pioneering cross-sectoral data-sharing initiative in India. This report celebrates the grit and determination of the ecosystem to realize data empowerment for customers in India.

SahamatiNet Sandbox Rollout!

SahamatiNet is the technology infrastructure for the Account Aggregator (AA) ecosystem, streamlining critical network processes. If you are interested in onboarding the SahamatiNet Sandbox environment, email sandbox@sahamati.org.in, and we will get in touch immediately!

  • Single integration Plug & Play
  • Fully Interoperable
  • Access to the broader ecosystem
  • One single contract
  • Scale Rapidly & Efficiently
  • Fair Competition
  • Fosters Innovation
  • Highly Reliable & Secure
  • Network Observability Services
  • Billing & Reconciliation Services

Most Popular Posts

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Current TSP Members

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Sahamati Github

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Signatories of Participation Terms

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FIP-FIU Implementation Stage

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FIP-AA Mapping

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Press Release

India’s Account Aggregator Framework Crosses 100 million Consents in Three Years

The 1059% growth in FY 2023-24 makes it the fastest growing Open Finance Network in the World.

Newsletter

The Sahamati Newsletter September 2024

Find the latest events and updates about Account Aggregator ecosystem.

Event Announcement

Announcing Samvaad 2024!

Riding on the momentum of last year’s outstanding debut, which drew over 1,000 attendees from 450+ organizations—SamvAAd 2024 is poised to be an even more engaging and exciting event!

AA Ecosystem Map

Account Aggregator Ecosystem Map – June 2024

The ecosystem now includes over 600 entities, encompassing regulated entities such as Financial Information Providers (FIPs), Financial Information Users (FIUs), and Account Aggregators (AAs), along with Technology Service Providers (TSPs).

AA Workshop

Account Aggregator Ecosystem Workshop in Bengaluru!

Sahamati hosted its third roadshow on Account Aggregator (AA) Ecosystem in Bengaluru on August 6, 2024. This engaging event brought together over 45 organizations with 70+ attendees, across NBFCs, banks, LSPs, stockbrokers, RIAs, and TSPs.

Accounts Linked

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Consent Requests

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Participants

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AA Ecosystem Participants

Each participant of the account aggregator network enables easy and secure exchange of data for the customer’s benefit.

Signatories to Sahamati Participation Terms

Major financial institutions in India have adopted the Account Aggregator framework to provide consented data

WHY ACCOUNT AGGREGATOR

Better Control to Deliver Better Value

The Account Aggregator framework is India’s entry into the world of open banking. This RBI approved initiative provides limitless opportunities to deliver better value and create innovative services for customers.

  • User-controlled data sharing
  • Unified consent management
  • Frictionless, secure means to move data
  • Real time access to user’s data
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HOW SAHAMATI CAN HELP

A Trusted Platform for Collaboration

Sahamati is a nonprofit member-driven industry alliance that provides you with the expertise and the resources needed for harmonious AA adoption.
Participate

Participate

Debate, discuss and decide key policies and practices to better the framework.

Adopt

Adopt

Gain resources and tools to seamlessly integrate the framework within your present structure.

Innovate

Innovate

Get all the support needed to bring new ideas to life for your customers.

Learn

Learn

Learn from peers, experts and advocates to adopt and improve customer experience.

Rajeev Jain

“The Account Aggregator (AA) ecosystem is a fundamental shift in the way business will be done. That’s really how we are driving the business at this point. Equipping us to collect client consent to access their bank statements in a structured manner and allow us to underwrite them right, price them right, expand exposures, and monitor the portfolio for early warning is a dramatic shift!”

Rajeev Jain

Managing Director– Bajaj Finance Limited (BFL) in the Q4 FY24 Earnings Conference Call

Amitabh Chaudhry

In the current integrated environment, the Account Aggregator (AA) ecosystem is likely to significantly impact digital lending to underpenetrated segments across Retail and MSME. We were the first Bank to launch digital lending through the AA framework in fiscal 2022 and have since scaled our AA-linked business significantly

Amitabh Chaudhry

MD & CEO Axis Bank in the 2022-23 Annual Report Statement

Blogs & Insights

Pragati – The Sahamati Newsletter September 2024

16 Oct 2024

Round Table on Account Aggregators at the Global Fintech Fest (GFF)- An Enabler for Financial Inclusion

14 Sep 2024

Sahamati’s Insights from Key Panel Discussions at Spark 2.0 and the Global Economic Summit

14 Sep 2024

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Media

India's Account Aggregators cross 100 mn consents, to reach 30 pc of population by FY25

India’s Account Aggregators cross 100 mn consents, to reach 30 pc of population by FY25

Account aggregator ecosystem clocks 100 million consents on framework

Account aggregator ecosystem clocks 100 million consents on framework

India’s account aggregator framework crosses 100 million consents in three years

India’s account aggregator framework crosses 100 million consents in three years

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