Despite the immeasurable humanitarian impact that COVID-19 has had on the world, it is hard to ignore its contribution to the massive digital disruption that is changing the way we work and do business. Companies that are well-positioned to leverage the shift towards remote working, digital payments and online shopping are witnessing their top-lines rise […]
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Account Aggregator Ecosystem Go-Live
iSPIRT hosted a virtual launch of the industry-wide Account Aggregator (AA) ecosystem on September 2, 2021. The event announced the major financial institutions that have gone live, and demonstrates the powerful use cases of AA. It is a major milestone for the AA framework for consented data access and sharing in the financial sector. Related […]
Empowering Alternate Data Collection for Digital Lending with Account Aggregator Framework – Challenges & Solutions: PART – 2
In Part 1 of our blog, we talked about the importance of alternate data and the role it plays in making lending easier for the large segment of the untapped population thereby leading to financial inclusion. Now, let’s look at the possible hurdles in achieving our goals of financial inclusion. Challenges in gathering and using […]
Empowering Alternate Data Collection for Digital Lending with Account Aggregator Framework – Introduction
In this 2-part blog, we are going to explore some of the use cases in digital lending which can be empowered by RBI’s Account Aggregator Framework specifically in the context of alternate data gathering. But before I walk through the use case, it’s important to understand the larger goal of financial inclusion. Today, millions of […]
Guidelines for creating a secure SDK for Account Aggregator Clients
Sahamati would like to thank Team Repute (Raviteja Sriram, Deepak Dhar, Puneet Gupta and other team members) and our security experts (Saurabh Panjwani, Sumit Gwalani, SasiKumar Ganesan) for volunteering with us on developing the guidelines. Account Aggregators can provide their client-facing apps via a website client, mobile app or SDK (software development kit). SDKs give […]
Account Aggregator Ecosystem progress report for 2020-21
The financial year 2020-21 has just ended, it was a very important year for all of us, we made significant progress to get the AA ecosystem to where it is today in spite of the pandemic. Each of us was quick to adapt to the new work environment (full-time WFH for many months!) to work […]
Account Aggregator Community Event Panel Discussion: How will data drive the next generation of Digital Finance?
Amit Goel (Cofounder, Medici) moderated the panel discussion. The expert panel consisted of Saurabh Nigam (CTO, DMI Finance), Manish Bhatia (President – Lendingkart Technologies), Srikanth Rajagopalan (CEO, Perfios AA), and Arjun Singh (Managing Director, Asia, Yodlee). Importance of Data Authenticity (2:50s) Authentic and accurate data is the foundation of all the innovations in digital finance. […]
Account Aggregator Community Event Panel discussion: ‘Open banking and its impact on Indian consumers’
Lars Markull moderated the panel discussed. The expert panel consisted of Anjani Rathor (Chief Digital Officer, HDFC Bank), Bijith Bhaskar (National Head, Digital Banking, Partnerships and e-commerce, ICICI Bank), Sameer Shetty (Head, Digital Business and Transformation, Axis Bank), Anshuj Sahaya (Business Head, Business Loans – Direct at Bajaj Finserv), and Raveesh Bhatnagar (SVP and Head […]