What is Account Aggregator?

Account Aggregators (AA) use technology to assist you in simple and secure exchange of your data between financial institutions like banks, insurance agencies or mutual fund companies. This information cannot be shared without your consent. With AA, you can use your financial data to access a vast array of financial services for your personal or business needs.

Download AA Apps

Account Aggregators are the
Future of Data Sharing

When the customer gives consent to an Account Aggregator (AA), it collects your digital financial data from one or more accounts, and delivers it to the financial institution that is providing services like loan or insurance to you.

Know More About the AA Participants

The main participants of the AA ecosystem are the Account Aggregator (AA), the Financial Information Provider (FIP) and the Financial Information User (FIU) working together to simplify the process of sharing data.

Financial Information Provider (FIP)

Entities that have your financial data

Account Aggregator (AA)

Consent managers that deliver data with your consent

Financial Information User (FIU)

Entities that use your data to provide products or services

An Ecosystem that lets You be in Control of Your Data, Always

AA cannot share your data without your consent

AA does not store or process your data

All your financial data is encrypted with the AA

Give or revoke access to your <br>active consents anytime

The Advantages of the AA Framework

Just like UPI completely transformed the way you pay, AA can make financial services like loans and credit facilities much more seamless and accessible for everyone using the existing digital infrastructure.

Hassle-free

AA makes it effortless to gather data at the user’s end and enter data at the service provider’s end.

Fast

AA allows faster processing, and quicker access to products or services.

Comprehensive

With entire financial profile at one place service providers gauge your needs in a better way.

Real-Time

Information for each synced account is up-to-date, and available online reducing margin for errors.

Verified

Financial data is directly delivered from authorised accounts eliminating data errors.

Transparent

Aggregation increases transparency by helping you get better picture of your finances.

See How it Works

From business loans to personal insurance, the AA framework can be easily adopted into different products and offerings for your individual and business needs.

Loans & Lending

From business loans to personal insurance, the AA framework can be easily adopted into different products and offerings for your individual and business needs.

Personal Finance Management

Personal financial data all in one place

An RBI Regulated Entity

RBI issues Account Aggregator Licenses

AA Tech is based on DEPA consent layer API

AAs were created through an inter-regulatory decision by:

Reserve Bank of India (RBI) | Pension Fund Regulatory and Development Authority (PFRDA) | Securities and Exchange Board of India (SEBI) | Insurance Regulatory and Development Authority (IRDAI) | Financial Stability Development Council (FSDC)