AA Foundation Day- How did the Ecosystem Celebrate?

On Account Aggregator (AA) Foundation Day, we congratulate the AA Ecosystem for making financial data sharing safe, simple, and consent-driven. We see the AA Framework promoting the use of data, analytics and technology for designing insurance products that are more affordable, accessible, and tailored to people’s needs. In 2025, the use of AA increased in the insurance sector, particularly for underwriting term insurance policies, and we encourage more insurance companies to experiment and innovate using the powerful DPI rails. This DPI is poised to play a key role in ensuring that every Indian family has adequate protection, and we achieve the country’s objective of “Insurance for All by 2047”.

Ajay Seth

Chairperson, IRDAI

The entire Account Aggregator ecosystem can transform the pension landscape by enabling seamless, consent-driven access to financial histories ensuring no citizen is left behind in retirement planning and advancing the vision of universally accessible pensions.

Siva S. Ramann

Chairperson, PFRDA

The Regulatory approved Account Aggregator framework is an important pillar in India’s digital public infrastructure, designed to unlock the value of trusted data for the economy. By enabling secure and consent-driven data sharing, AA is not only advancing financial inclusion but also laying the foundation for innovative, data-led financial services that can serve citizens and enterprises across the spectrum. As we mark September 2 as Account Aggregator Foundation Day, it is a moment to reflect on how far the ecosystem has come and the immense potential that lies ahead.

Dilip Asbe

MD & CEO, NPCI

4 years of AA, and the network has evolved so elegantly. I remember the formative days and close association with the Sahamati team. From policy frameworks to committees for adoption, this has come a long way, and it’s continuously evolving. Crores of consents are just the initial proof of potential. My best wishes to every participant as we unlock Value and financial inclusion

Lalitha Nataraj

CEO, NPCI BHIM

On 2nd September, Foundation Day, we celebrate the remarkable journey of the Account Aggregator ecosystem. From 24+ crore consent requests and 18+ crore linked accounts, to enabling loans worth ₹1.6 lakh crore across 1.8+ crore loan accounts—AA has become a key pillar of India’s digital public infrastructure, transforming financial access for millions of individuals and businesses alike. At NBBL, we extend our compliments to every stakeholder driving RBIs vision of trust, inclusion, and consent-based finance. Here’s to scaling new horizons and shaping the future of finance together!

Noopur Chaturvedi

MD & CEO, NPCI Bharat BillPay Ltd

Consented flow of financial data that the AA framework & ecosystem has enabled is certainly among the foremost steps in recognizing rights of financial consumer or investor in their own data. That such data with consent of the financial consumer can be utilized for providing further financial products or services is revolutionary and can foster further inclusion and better financial outcomes for such consumers. Role of AAs and of Sahamati in this ecosystem has been sterling over the last four years and will continue being important to serve the ecosystem, its participants and financial consumers. I am super thrilled to have been a part of the AA ecosystem and Sahamati journey and looking forward to how this scales and heralds the future of consented data flow in sectors beyond the Indian financial services sector in terms of the DPDP Act.

Pramod Rao

Former Advisory Council Member, Sahamati

On the 4th AA Foundation Day, we celebrate the progress of the Account Aggregator framework in transforming securities markets—enabling personal finance management, advisory, portfolio management, and assessing net worth for F&O accounts. The framework is also emerging as a powerful tool for compliance and fraud prevention. With future possibilities like unified financial data, AI-driven advisory, seamless KYC, and Loan against wealth & securities, AA is poised to drive innovation on India’s journey to Viksit Bharat 2047.

Mr. G.P. Garg

Former Executive Director, SEBI Advisory Council, Sahamati

The Account Aggregator ecosystem is a significant foundational pillar of our Digital Public Infrastructure promoting safe, consent driven data exchange and promises to enable sustainable lending to the benefit of all participants

Fakhri Sarjan

President and Chief Risk Officer (CRO), Bajaj Finance

AA is axiomatic infrastructure for access to credit – no loan in the country can be approved without income verification. Combined with India’s other DPI AA is set to transform India’s credit landscape and drive both financial inclusion and stability. With an agreed commercial model and router in sandbox, it’s set to scale well before the next AA Foundation Day! Get on the train

Kamya Chandra

Chief Strategy Officer, Centre for Digital Public Infrastructure

Congratulations to Mahesh and the Sahamati team on the Foundation Day. Since 2021, the team has brought the ecosystem together, always keeping customer trust, consent, and convenience at the core. You’ve also worked closely with the industry to address concerns and feedback. At Kissht, we were early believers and adopters of the Account Aggregator framework. This journey is already driving better credit outcomes and greater financial inclusion, and we believe it will shape the future of digital finance in India.

Neha Shivran

Co-Founder and Chief Data & Growth Officer at Kissht.