Panel Discussion on Account Aggregator in the Global Fintech Fest 22

Sahamati participated in a panel in Global Fintech Fest’ 22  held on 22nd September. Ms. Shalini Gupta, Head Strategy, Sahamati moderated the panel on the theme “Account Aggregator: Scale up beyond the 1 billion milestone”. 

The Speakers for the event were seasoned industry professionals from organizations that are at different stages of AA adoption.

• Anjani Rathor, Chief Digital Officer, HDFC Bank
• Nehal Vora, MD & CEO, CDSL
• Sameer Shetty, President & Head – Digital Business & Transformation, Axis Bank
• Naveen Tahilyani, Managing Director & CEO, Tata AIA Life Insurance Limited

Shalini initiated the discussion by giving an update of the current status of the AA Ecosystem and policy imperatives. Sameer Shetty and Anjani Rathor shared experiences of their Banks’s AA adoption and early benefits of AA in terms of reducing drop off rates, reducing costs and fraud rates. They also highlighted the areas that needed to be strengthened further to be able to allow AA deliver at its full potential. Nehal Vora and Naveen Tahilyani shared their thoughts on how the cross-sectoral expansion of AA to Securities and Insurance sectors can fuel increased demand for personal finance management, wealth management, efficient onboarding, and data analytics driven products which are based on the socio-economic and income profile of Indian citizens.  The panel was well-received with insightful participation from the ecosystem stakeholders with various questions around new FIPs onboarding, business model of AAs amongst a few areas deliberated during the Q&A round.