The Use Case Councils serve as pivotal bodies within the Account Aggregator (AA) ecosystem, providing a structured forum for deliberation and decision-making on the fair and transparent usage of AA data. Anchored by principles of collaboration, protecting end customer interests and privacy, transparency, and regulatory compliance, the Councils play a central role in shaping the industry reference standards for fair use through the development of consent templates, codes of conduct, and technical guardrails for AA usage.

The Use Case Councils comprise representatives from multiple Financial Information Users (FIUs) ensuring diverse perspectives and expertise. Through a collaborative process facilitated by Sahamati, stakeholders engage in constructive dialogue to delineate ethical and operational guidelines. Regular meetings are convened to develop, review, refine, and recommend changes to the Consent Templates, which form the cornerstone of AA usage.

The Councils’ purview extends beyond Consent Template discussions to formulating common codes of conduct and technical guardrails governing AA usage. Sahamati, as the custodian of community assets (such as consent template library, common codes of conduct, etc) oversees the Councils’ activities to ensure alignment with the overarching goals of the AA framework. It also promotes alignment with the principles of the DPDP Act, keeping the interests of the end Customer at the center.

The Fair Use Committee further reviews and converges on the recommendations made by the Use Case Councils.

  1. Personal Finance Management (PFM) Use Case Council
  2. Lending Use Case Council
  3. Insurance Use Case Council

Member FIUs of each of the Use Case Councils can be found below: 

Personal Finance Management Use Case Council

Inception: September 2023

Sl. no.PFM Use-case Council Member FIUsLicenseRegulator
15Amica Investment Advisers Private Limited (jupiter Money)RIASEBI
8Axis BankBankRBI
14Bajaj Finserv Direct Limited (Bajaj Markets)RIASEBI
9Dezerv Investments Private LimitedPMSEBI
13Epifi Wealth Private LimitedRIASEBI
16Finteller Advisors Private Limited (GoalTeller)RIASEBI
5Finzoom Investment Advisors Private Limited (INDMoney)RIASEBI
4Lunchbrake Classic Private LimitedRIASEBI
1Mobikwik Investment AdvisorsRIASEBI
13Mynd Solutions Pvt LtdTReDsRBI
7Safejar Advisers Private LimitedRIASEBI
6SBI Funds Management LimitedAMCSEBI
11State Bank of IndiaBankRBI
10Yes BankBankRBI

Lending Use Case Council

Inception: October 2023

Sl. no.Lending Use Case Council Member FIUsLicenseRegulator
2Axis BankBankRBI
8IDFC First BankBankRBI
17State Bank of IndiaBankRBI
9India Shelter Finance Corporation LimitedHFCRBI
3Bajaj FinanceNBFCRBI
4DMI Finance Pvt LtdNBFCRBI
5EarlySalary Services Private LimitedNBFCRBI
11Krazybee Service Pvt LimitedNBFCRBI
12Lendingkart Finance LimitedNBFCRBI
14Navi Finserv LimitedNBFCRBI
15Payme India Financial Services Private LimitedNBFCRBI
16Quadrillion Finance Private Limited (Slice)NBFCRBI
18Whizdm Finance Private Limited (Moneyview)NBFCRBI
10Innofin Solutions Private Limited (LendenClub)P2PRBI
1AU Small Finance Bank LimitedSmall Finance BankRBI
13Mynd Solutions Pvt LtdTReDsRBI

Insurance Use Case Council

Inception: January 2024

Sl. NoInsurance Use Case Council Member FIUsLicenseRegulator
22Aditya Birla Capital Digital LimitedCorporate AgentsIRDAI
17Care Health Insurance LimitedHealth insurerIRDAI
18Niva Bupa Health Insurance Company LimitedHealth insurerIRDAI
19Policybazaar Insurance Brokers Private LimitedInsurance BrokerIRDAI
20Girnar Insurance Brokers Private Limited (Insurance dekho)Insurance BrokerIRDAI
21Turtlemint Insurance Broking ServicesInsurance BrokerIRDAI
2India First Life Insurance Company LimitedPrivate LifeIRDAI
3Bajaj Allianz Life Insurance Co. Ltd.Private LifeIRDAI
4Edelweiss Tokio Life InsurancePrivate LifeIRDAI
5Aditya Birla Sun Life Insurance LimitedPrivate LifeIRDAI
6PNB MetLife India Insurance Company LimitedPrivate LifeIRDAI
7Max Life Insurance Company LimitedPrivate LifeIRDAI
8Tata AIA Life Insurance Company LimitedPrivate LifeIRDAI
9HDFC Life InsurancePrivate LifeIRDAI
10SBI Life Insurance Company LimitedPrivate LifeIRDAI
11ICICI Prudential Life Insurance Company LimitedPrivate LifeIRDAI
12Aegon Life Insurance Company LimitedPrivate LifeIRDAI
13ICICI LombardPrivate Non lifeIRDAI
14HDFC ERGO General Insurance Co.Ltd.Private Non lifeIRDAI
16Go Digit General Insurance LimitedPrivate Non lifeIRDAI
1Life Insurance Corporate of India (LIC)Public - LifeIRDAI
15The New India Assurance Company LimitedPublic - Non lifeIRDAI