There are three important categories of participants in the Account Aggregator Framework,
- Account Aggregators
- Financial Information Providers (FIP)
- Financial Information Users (FIU)
The following institutions are in various stages of their FIP/FIU implementations.
- Axis Bank
- Bajaj Finserv
- DMI Finance
- Federal Bank
- ICICI Bank
- IDFC FIRST Bank
- HDFC Bank
- Hero FinCorp
- Indusind Bank
- LendingKart
- State Bank of India (SBI)
The largest Public Sector Bank (SBI) and Private Sector Banks have been early adopters of Account Aggregator Framework. If your institution hasn’t yet started planning to be part of the big data economy in India, what are you waiting for? Contact Sahamati today, we will help onboard your institution to the AA ecosystem.