Sahamati - Collective of the Account Aggregator Ecosystem

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.

Certifiers

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.