OneMoney is one of the account aggregators licensed by the RBI. The demo walks you through the process of the end customer signing up with Onemoney Account Aggregator mobile app. The demonstration shows how you can discover and link your existing bank accounts (Financial Information Providers – FIPs). You will see how a Consent request […]
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RBI announces Technical Specifications for all participants of the Account Aggregator (AA) ecosystem
In a notification on November 8 2019, the RBI’s announced the Technical Specifications for the Account Aggregator system. The notification can be accessed here. Earlier, the RBI had published the “Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016” on September 6, 2016. Reserve Bank Information Technology Private Limited (ReBIT), has framed these specifications. […]
OneMoney becomes the first Account Aggregator to get an Operating License from RBI
Account Aggregation (aka AA), in concept, is the same as Open Banking in the west, maybe accurately described as a game-changer for how financial transactions and planning will be done. In fact, the World, including India, are all moving towards the fundamental concepts that data in value is like money, belongs to the principal – […]
Media Coverage of Account Aggregator Ecosystem
A list of articles published in various media which covered the topic of Account Aggregators of listed here. The Personal Data Protection Bill proposes that all “critical” information related to individuals will be stored and processed only in India – Economic Times Data Protection Bill gets Cabinet nod – Livemint We want to move data […]
Media Coverage for July 25 AA Closed User Group Event
On July 25, 2019, a Closed User Group event of the Account Aggregator ecosystem was held in Mumbai. The official press release can be accessed here. We thank the media for covering this event. This will help in our evangelization mission. The new infrastructure, an account aggregator (AA) platform promises to give users full control […]
Nandan Nilekani introducing the Account Aggregator at CUG on July 25, 2019
India is at a unique juncture in its history. With the advent of digital technologies and the spread of cheap mobile internet, we are at a point when Indians soon become data-rich, before its people become economically rich. This is a unique situation globally, and we have to cross uncharted waters to convert this data […]
Clarification to media reports of today’s Closed User Group event
Today (July 25, 2019) there was a closed user group event of the Account Aggregator ecosystem held in Mumbai. We had shared our official press release with the media. However, we see few articles have misrepresented the details of the product and our role. Business Line reported that Sahamati is an account aggregator. Our clarification: […]
AA Sahamati CUG Press Release
Account Aggregators will give individuals and small businesses control over their financial data 25/07/2019: Mumbai: A unique infrastructure to help individuals and small businesses take control of their digital data was introduced in Mumbai today. The Account Aggregator (AA) model helps individuals & small businesses share their digital financial data with third parties in a […]