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NEWSLETTER · OCTOBER 2025 |
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Last month, Sahamati launched its latest report, “From Consent to Cover: How the AA Framework Can Unlock Value in the Insurance Industry,” co-authored with the India InsurTech Association and KPMG in India, at the IIA Annual Event in Mumbai. The report captures how the Account Aggregator (AA) framework is enabling India’s ecosystem to move toward greater efficiency, inclusion, and innovation.
The early results are already promising.
Some key highlights from the report: - Financial underwriting for life insurance has emerged as a key use case within the AA ecosystem
- More than 33,000 life insurance policies have already been issued in FY25 by leveraging the AA framework
This is a strong signal that consent-based data sharing can make risk assessment more precise, improve turnaround times, and expand access to protection for underserved customers.
As adoption deepens, the industry is exploring several emerging applications of the AA framework, including: - Proactive policy renewal to improve customer retention and service continuity
- Agent monitoring to enhance compliance and reduce operational risks
- Fraud detection to enable greater trust in the system
- Claim verification to enable faster and more accurate settlements
Each of these applications reflects the growing trust in consent-driven data flows and the ability of AA to simplify complex insurance workflows while safeguarding customer interests.
India’s insurance sector now stands at an inflection point. With proven digital infrastructure, rising consumer trust, and policy momentum, the opportunity is clear- to make insurance more accessible, affordable, and data-informed. As momentum builds, 2026 is set to mark a defining shift for India’s insurance ecosystem, where the Account Aggregator framework moves from proof of concept to large-scale impact, just as it did in lending.
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328+ M
Consents Fulfilled
10+ M
Monthly Accounts Linked on AAs
176
FIPs Live on AAs
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233+ M
Accounts Linked
425+ M
Monthly Data Shares on AA
806 FIUs Live on AAs
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20+ M Monthly Consent Request Fulfilled
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859 M Live Entities on AA
91 FIPs on 4+ AAs
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Participate in this survey conducted by Sahamati in collaboration with CGAP Sahamati, in collaboration with CGAP, is conducting a national study to understand how the Account Aggregator (AA) framework is shaping financial services. We’re now inviting FIUs to share their institutional experiences and insights through a short 10–12-minute survey. Your inputs will help build evidence on the benefits, challenges, and emerging use cases of AA — strengthening the business case for wider adoption and ecosystem growth.
Manthan #03 Spotlight: What’s powering smarter, faster, and more trusted lending in India?
In the latest episode of #Manthan, Fakhari Sarjan, Chief Risk Officer at Bajaj Finance, joins Vamsi Madhav, CEO of Finvu AA, to explore how data, consent, and digital innovation are redefining credit decision-making. From smarter risk management to faster and fairer access to credit, this discussion dives deep into what’s truly shaping the lending experience today. Watch the episode here.
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The Router MVP Project continues to make steady progress, with 26 participants already integrated
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Last month, several important upgrades went live to make our systems more secure and efficient. The SaaNs and MIS dashboards now include multi-factor authentication (MFA), adding an extra layer of login security through a one-time code sent to users’ email. To ensure smoother system performance, a daily limit of 300 token requests per organization has been introduced, reducing unnecessary load. Meanwhile, the Router MVP project continues to make steady progress, with 26 participants already integrated. With these enhancements, the foundation for a stronger and more scalable ecosystem is taking shape, setting the stage for continued progress in the months ahead.
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Sahamati participated in BFSI NEXT 2025 at IIM Bengaluru: Innovate. Connect. Trust. |
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We’re pleased to share that BG Mahesh, CEO of Sahamati, participated in BFSI NEXT 2025 at IIM Bengaluru: Innovate. Connect. Trust. A premier event exploring the future of financial services through discussions on AI, customer expectations, talent challenges, India DPI 2.0, risks, and regulations. In his address, Mr. Mahesh highlighted the phenomenal growth journey of the Account Aggregator (AA) framework, which is now rapidly approaching critical mass in India’s financial ecosystem. |
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Sahamati Deepens Industry Dialogue on AA Adoption in Insurance |
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At the India InsurTech Association’s Annual Event in Mumbai, Sahamati launched its latest report — “From Consent to Cover: How the AA Framework Can Unlock Value in the Insurance Industry” — co-authored with the India InsurTech Association and KPMG in India.
The report marks the beginning of a strong dialogue around the transformative role of the Account Aggregator (AA) framework in insurance. More than 33,000 life insurance policies have already been issued in FY25 by leveraging the AA framework, and early adopters have reported a demonstrable reduction in turnaround time from days to a few minutes! With this growing momentum, 2026 is poised to be a breakthrough year for the insurance sector, much like how AA reshaped the lending landscape over the past two years.
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Sahamati delivered the final session for the 5th cohort of the Cambridge Open Banking and Open Finance for Regulators Online course
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The Cambridge Centre for Alternative Finance, Judge Business School, conducted live sessions for the participants of the course. The final session of the latest cohort was addressed by Rutvik Paikine, Policy and Communications Analyst at Sahamati, who shared insights on India’s approach to open banking and open finance. Since the first cohort, Sahamati has been a proud knowledge partner, leading the module on Digital Public Infrastructure and Open Data, for empowering professionals to understand and leverage the potential of consent-driven data sharing.
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“Reserve Bank of India (RBI) data suggests that the overall number of frauds, including those related to loan accounts and digital payments, jumped by three times in FY25. The fraud value jumped to ₹36,014 crore in FY25, up from ₹12,230 crore in the previous fiscal year. Given these astounding challenges, the industry is seeking out ways and means to curtail fraud with AI-led account aggregators appearing to be a solution…”
👉 Read the story article here
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A leading Financial Information User (FIU) adopted the Account Aggregator (AA) framework to enhance income assessment for customers who were previously filtered out by device-data or SMS-parsing-based underwriting methods.
By leveraging consent-based financial data through AA, the FIU was able to identify customers demonstrating responsible money management behaviour, individuals who were unintentionally excluded under earlier models.
Impact observed:
20–25% increase in loan sizes for eligible borrowers
5–7% improvement in approval rates through AA-based income and cash-flow analysis
15–20% improvement in mandate success, supporting stronger loan recovery
This particular story highlights how the AA framework is helping lenders make more inclusive, data-driven, and fair credit decisions, delivering measurable benefits to both institutions and customers.
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Sahamati Foundation is a member-driven industry alliance
formed to promote and strengthen the Account Aggregator ecosystem in
India.
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