Financial
Information
Provider (FIP)

Financial Information Provider (FIP) are institutions that hold user data. These are the banks, or NBFCs that share customer’s financial information with Financial Information User (FIU) via requests through an Account Aggregator.

Current list of Participants

Drive the Change

A part of the AA ecosystem, an FIP can help by,

Helping the customers access historic data easily
Supporting customers to use innovative new financial services conveniently
Bringing diverse and innovative products to market

Data Empowerment a Reality with
the AA Ecosystem

Secure and seamless
sharing of data through
encryption

User-controlled data sharing
with unified consent
management

No physical document collection or submission, preventing leakage and misuse

No sharing login credentials
with third parties reducing
security breach

How to become
an FIP?

As per the RBI directive, every entity needs to be a FIP first and then an FIU to ensure the sustainability of the ecosystem. Follow these steps to start your journey as an FIP

Get registered with a Financial Service Regulator

Get registered and regulated by at least one of the Financial Service Regulators (FSR), namely — RBI, SEBI, IRDAI, PFRDA.

Implement the FIP module

Implement RBI-defined API specifications for your callback API functions. Find the details here published by ReBIT.

Test your module

Test your FIP module against one or more of the RBI-approved Account Aggregator Sandboxes.

Enrol your module

Make it official by enrolling in the UAT-Central Registry, a directory of all entities that are testing their implementation in the development environment.

Get certified

Get your certification showing adherence to Technical Standards prescribed by ReBIT by a Sahamati empanelled auditor. See here

Get your details publicised

Get your details added by Sahamati to the Central Registry- a directory of all entities that have gone live on the AA ecosystem.

Solutions by Sahamati

Use the following services offered by Sahamati to seamlessly integrate the AA
framework within your organisation.

Sahamati Certification Frameworks

Central Registry

Dispute Management System

Additional Resources

How to connect with Account
Aggregators as an FIP