Committee on Pricing for Financial Information Providers (FIPs)

As part of our commitment to the participatory governance of the Account Aggregator (AA) network, we are delighted to announce the formation of a committee dedicated to assessing the need for the pricing of FIPs, analyzing key pricing archetypes in the industry and recommending a fair and transparent framework. This working committee committee will be crucial in addressing AA Network’s pricing challenge.

The committee is established to design a fair and transparent pricing framework that aligns with the value proposition for all participants while fostering trust and cooperation. Their primary objective is to balance operational costs and revenues to ensure the long-term sustainability of the AA Network. The committee aims to identify cost-related barriers hindering FIPs from joining the ecosystem. The committee will also strive to keep the pricing structure affordable for FIUs and AAs while accommodating the growth and evolving needs of the ecosystem.

The core principles guide the committee aims to promote collaboration, equitable revenue distribution, transparency, performance-based incentives, inclusivity, periodic review, and adaptation to changes in the financial industry landscape. Ultimately, the committee is crucial in creating a fair and transparent pricing framework that fosters collaboration, efficiency, and sustained growth within the AA ecosystem.

The committee constituted to undertake this endeavor is –