Empowering Indians with their Data for a Better Financial Future
Sahamati is shaping the future of data sharing in India by bringing together financial institutions, technology service providers and certifiers to implement the account aggregator framework.
Early Adopters of the AA Framework
Major financial institutions in India have adopted the Account Aggregator framework to provide consented data
Participants of the AA Framework
Financial Information Users (FIU)
Financial Information Users (FIUs), like banks, lending agencies, NBFCs, etc. can receive digitally signed data from Financial Information Providers (FIPs). FIUs can use the data for purposes declared in the Consent Artefact or data-sharing agreement.
Financial Information Providers (FIP)
Financial Information Providers (FIPs) are institutions that function as stewards of user data. These are the banks, mutual funds, pension funds, etc. that represent the ‘source’ of personal or business data which FIUs can access via requests through an Account Aggregator.
Tech Service Providers
Technical service providers (TSPs) are companies that collaborate with FIUs and FIPs to deliver AA products and services. They can help fintech products in various areas SME Scorecards, Early Warning monitors, Digital Lending & Onboarding, Product Design of apps and more.
Sahamati certification mark validates the integrity of FIP/FIU/AA implementation, as it guarantees their adherence to the AA Technical Specification. The interoperability in the ecosystem allows users to share their data from their FIP to any FIU from which they are seeking service.
Why do we need Account Aggregators
Account Aggregators give you the power to share data easily between different financial service providers, by consolidating all your data in one place and providing a single digital framework to share it in real-time. No more running around collecting documents to open accounts, file for taxes, get loans or access other financial products. It’s a safe, consent-based framework giving you control over your data and quicker access to financial services.
User- controlled data sharing
Unified consent management
Frictionless means to move data
Real-time access to financial services
AA acts as a conduit and
does not process the
AA is ‘data-blind’ as
the data that flows
through an AA is encrypted
AA can’t store any user’s
data preventing potential
leakage and misuse
Insights & News
Data Empowerment and Protection Architecture
A Comprehensive Guide to Account Aggregators
Digital Lending – A Game Changer for Small Value Business Loans