Pragati - The SAHAMATI Newsletter - March 2022

08 Apr 2022

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logo Pragati – The SAHAMATI Newsletter. February 2022

AA ecosystem progress

Dot Citizen Adoption Dot



consent requests fulfilled across FIUs

View the usage dashboard here

accounts linked across FIPs

Dot Participant Adoption Dot




FIPs/FIUs live

FIPs/FIUs actively
testing with AAs

FIPs/FIUs in active

View the participants list here

Industry alliance updates

Dot Generating awareness and advocacy Dot

Finance Minister, Smt. Nirmala Sitharaman exhorts all banks to sign up to the AA framework

Smt. Nirmala Sitharaman chaired a post-budget meeting with heads of Banks, Non-Banking Financial Institutions (NBFCs) and Financial Institutions in Mumbai on February 22, 2022 in which she has exhorted all banks to adopt AA which would facilitate seamless flow of credit for small borrowers and promote digital lending .

View the full article here

Niti Aayog Fintech Open Month: panel 16pxon Account Aggregator

Niti Aayog partners with Phonpe for the Fintech open hackathon, As part of the month long event, Sahamati moderated a panel discussion on Account Aggregator. The topic was ‘Driving user adoption in the AA ecosystem’ and the panelists included Puneet Singh (ICICI Bank), Harshvardhan Lunia (Lendingkart), Sumit Gwalani (Epifi Wealth), KP (Onemoney AA) and Munish Bhatia (Finvu AA).

View the panel discussion here

160 Organizations engaged in discussions

32 banks, 45 NBFCs, 12 insurance cos, 15 SEBI-registered entities, > 50 service providers

Join the conversation here

View list of TSPs here

Pragati: Open house for all AA ecosystem participants

Sahamati held the first open house for calendar year 2022 on 18th February. with Dr. Sumita Kale, Economist at Indicus Foundation opening the ‘Thought of the Month’ session with her insights on the ecosystem and its future, as an extension to her article.

Other sessions included ecosystem updates from Sahamati and product/service presentations by Technology Service Providers.

To view all the sessions videos, click here

Dot Fostering self-regulation and collaboration Dot

50 industry-experts, 29 volunteers

6 in Governing Council | 3 in advisory council | 9 in AA steering co | 7 in TSP steering co | ~30 in working groups

View industry-reps here


View volunteers here

Reserve Bank Innovation Hub conducts the roundtable ‘Account Aggregator for the Next Half Billion’

RBIH, in collaboration with Sahamati, conducted a roundtable on 16th February 2022 with an aim to start an exploratory discussion on Assisted Account Aggregator model. Nearly 40 attendees were present for the event from Scheduled Commercial Banks, Small Finance Banks, NBFCs, Account Aggregators, Microfinance Institutions, Industry Experts, Loan Service Providers and Business Correspondents

Social Media post on the event is here

DotProviding foundational servicesDot

Technical Infrastructure

Central registry | Token Service | Industry Dashboard | Members Portal

View details here Image

Common Guidelines

complementing ReBIT API standards

AA web redirection | AA SDK Security* | Customer Experience* | SLAs* | API Governance* | Data Governance*

* Work-in-progress

View details here

DotPromoting interoperabilityDot

Sahamati Certification Framework

Verifying adherence to ReBIT API specifications

5 intermediate certified TSPs*

42 AA participants either certified or in-progress

* Work-in-progress

View details here

Common Guidelines

complementing ReBIT API standards

AA web redirection | AA SDK Security* | Customer Experience* | SLAs* | API Governance* | Data Governance*

* Work-in-progress

View details here

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To download pdf version of March Newsletter Click here.