On 22nd July at the Global Fintech Festival 2020, Nandan Nilekani announced the launch of the Open Credit Enablement Network (OCEN), which would mark the beginning of a new age for financial inclusion in India. Working in tandem with the Account Aggregator framework, this extension of our public digital infrastructure will help to democratise credit […]
AA Use Case
There are several use cases that can be built over the Account Aggregator public infrastructure.
The availability of data in a machine-readable format with user's consent adds possibilities to build several products that use AA which wasn't feasible earlier due to friction in acquiring the data.
AA Masterclass: A New Era for Underwriting and Lending
A masterclass by Rajesh Kumar (MD & CEO of Transunion CIBIL) on how the AA framework will usher in a new age for lending in India. He gives us his view of where exactly Account Aggregators will play a critical role in a reimagined lending value chain, right from ‘Sourcing, onboarding and underwriting’ to ‘Monitoring […]
AA Masterclass: Personal Finance Management
A masterclass by Amit Bhor (Co-founder – Walnut) on one of the most popular use cases for Account Aggregators – building applications for Personal Finance Management (PFM). He talks about Walnut’s journey of being pioneers of PFM in India including: What is personal finance? Stages in personal finance The three kinds of tools you can […]
AA Hackathon Masterclass: Account Aggregator UI/UX and Design Masterclass
As human beings, we are accustomed to the mental model of purchasing goods and services in exchange for money. With the advent of the internet, we enter into a new type of trade called the ‘data trade’, where we access services in return for our data. The Account Aggregator regulatory framework exemplifies this new mental […]
AA Masterclass: Insurance and Account Aggregators
A Masterclass by Anand Datta, (VP, Nexus Venture Partners) on how companies can leverage the new AA framework to build new and innovative insurance products. We start off with a dive into the history of insurance. He then provides a holistic view of insurance as a product and a sector including the developments in this […]
AA Hackathon Masterclass: Successful Account Aggregator Use Cases from the EU and Beyond
This video contains a presentation from Lars Markull about different use cases for open banking and account aggregators from the EU. He was the first employee in Figo (now knows as Finleap), the first banking API provider in Germany. He is currently freelancing and advising companies focusing on open banking, banking as a service, and fintech infrastructure. He […]
Loan Monitoring Use Case For Account Aggregator Framework
Majority of the Lenders have an analytics module to determine the ‘collectability’ of the loans given to their borrowers. If the borrower is an ‘Existing to Bank (ETB)’ customer, the lender is able to analyze the bank statement to determine the Financial Health of the Borrower. However, today there are many more data signals which […]
Use Cases For Account Aggregator Framework
There are several use cases Financial Information Users (FIU) can build in the Account Aggregator ecosystem. The conventional use cases listed below are already in production today but not very efficient. The following use cases when onboarded to Account Aggregator ecosystem can change things dramatically. Lending Wealth Management Personal Finance Management Apps Robo Advisory Reconciliation […]