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Sahamati Newsletter
Pragati – The SAHAMATI Newsletter.
May 2022
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AA ecosystem progress
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Citizen Adoption
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613,000
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667,000
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consent requests fulfilled across FIUs
View the usage dashboard here
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accounts linked across FIPs
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Participant Adoption
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49
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19
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95
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FIPs/FIUs live
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FIPs/FIUs actively testing with AAs
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FIPs/FIUs in active engaged
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View the participants list here
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Industry alliance updates
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Generating awareness and advocacy
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Sahamati and NABARD conduct Account Aggregator workshop for the Regional Rural Banks and State Cooperative Banks
Grass root financial institutions like RRBs and StCBs, under the aegis of NABARD came together to understand and brainstorm the potential benefits of Account Aggregator on empowering low income and rural citizens with an easy, digital consent based data sharing mechanism.
To view more details, Click here
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Sahamati participates in IRDAI Insuretech event
The Insurance Regulatory and Development Authority of India (IRDAI), organised “InsurTech – Catalyst that Inspires”, with an aim to emphasize upon the application of new technology in the insurance industry. Sahamati participated in the panel discussion titled ‘Role of value-added services and allied players in Insurance’, covering the need for adoption of AA amongst insurers.
To view all the sessions videos, click here
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Fostering self-regulation and collaboration
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AA entities follow self regulating checklist prior to onboaring the production environment
Nearly 30 organisations followed the checklists for customer experience guidelines and legal adherance guidelines prior to getting onboarded as Live entitiy in the AA ecosystem. The checklist serves as a self regulatory tracker, in line with manadatory requirements and standardisation of processes.
Click here to view the list of Live entities
Click here to view the checklists
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Sahamati publishes Ecosystem dashboards
To increase transparency, provide visibility and enable performace tracking, Sahamati has published dashboard links to individual live entities (sent privately) as well as industry wide public dashboard. The dashboard is refreshed each day to show cumulative count of accounts linked and consent request fulfilled. Consolidated dashboard is available on our website for public.
Live consolidated dashboad can be viewed here
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Providing foundational services
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Technical Infrastructure
Central registry | Token Service | Industry Dashboard | Members Portal
View details here
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Legal framework
62 signatories to a common Multi-partite Participation Terms | Dispute Resolution Framework*
* Work-in-progress
View list of signatories to common Terms here
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Promoting interoperability
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Sahamati Certification Framework
Verifying adherence to ReBIT API specifications
3 empaneled certifiers
7 intermediate certified TSPs
58 AA participants certified
View details here
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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 May Newsletter Click here.