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This month, we’re excited to unveil a new identity for the Sahamati Newsletter — Varta (वार्ता). Rooted in Sanskrit, Varta means dialogue and idea exchange, reflecting our mission to spark meaningful conversations across the AA ecosystem. With a refreshed logo and a sharper, reader-first format, we’d love to hear your thoughts on this new chapter.
We are also pleased to announce the launch of Sahamati’s Membership Framework, unveiled in April following an extensive consultation with AAs, FIPs, and FIUs, and approved by our Governing Council. As we move toward a more formal structure—and aspire to become a Self-Regulatory Organization (SRO) for the AA ecosystem—we invite all participants to become members of Sahamati, officially.
Membership provides continued access to services like the Central Registry, Token service, and support. It will also allow organizations to join participatory governance forums and shape key industry decisions. We look forward to your confirmation of membership and continued collaboration in strengthening the AA ecosystem. |
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Ecosystem Statistics for April 2025 |
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90L+
Accounts Linked on AA |
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91
FIPs on
four or more AAs
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ATTENTION FIUs
Have You Adopted the Fair Use Guidelines?
Starting June 1, 2025, AAs have agreed to implement an automated rule engine to check incoming consent and FI requests against Fair Use Templates. Requests that do not meet the upper bounds within templates will be rejected.
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Certification Program for Mediators & Arbitrators to be Launched |
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Sahamati
has partnered with the prestigious National Institute of Securities
Markets (NISM) to create a certification program for mediators and
arbitrators who resolve inter-member disputes through our empaneled
Online Dispute Resolution (ODR) institutions. This certification program
will enable mediators and arbitrators to have a nuanced understanding
of the legal and technical aspects involved in potential inter-member
disputes that arise. |
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Strengthening Security Across the AA Ecosystem |
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Security within the AA ecosystem continues to evolve through the adoption of key practices that protect infrastructure and end-users. One such measure—client secret rotation—is now widely adopted among AAs and REs. This regulator-recommended practice ensures credentials do not become vulnerable over time. In addition, several AAs have implemented SIM device binding to help mitigate the risk of SIM swap fraud.
Following the release of our technical guidelines for SDK and web redirection, we have now pivoted to develop comprehensive security guidelines for the entire ecosystem.
To further reinforce trust, Sahamati’s core services are VAPT-certified by a CERT-IN empanelled provider, underscoring our commitment to secure, standards-aligned infrastructure.
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Driving Alignment: TSPs Convene to Advance Fair Use and Onboarding Standards
On 21 April, 15 Technology Service Providers (TSPs) gathered at the Sahamati office in Bangalore for a focused four-hour session. The agenda included a detailed briefing on the Sahamati Membership Program, a discussion on implementing Fair Use rules and a review of the onboarding process. |
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#PragatiWebinar: AA Ecosystem Deep Dives into Lending Risk & Collections Strategies
On 23 April, Sahamati held a Pragati Webinar on ‘Collections and Risk Management in the Lending Industry’. The webinar was attended by over 100 TSPs, FIP, FIUs and others from the AA ecosystem. |
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Sahamati CEO featured in EPAA India Report
The recently published EPAA India report ‘Digital Payments Revolution: India’s March to a Trillion‘ features an interview with Sahamati CEO BG Mahesh. In the conversation, Mahesh highlights how standardization and interoperability of data in AA framework significantly reduces integration friction across the financial ecosystem. |
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Driving Dialogue and Innovation Around DPI and Credit Access
Shalini Gupta, Chief Policy & Advocacy Officer at Sahamati, represented the organization at Fintech Fusion India 2025 in Bengaluru. She joined industry leaders on the panel titled "DPI and the Future — Measuring the Impact and Applications." where she highlighted how India’s DPI stack addresses real-world business and credit challenges. |
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Shalini also served as a panel judge at a hackathon co-hosted by Aditya Birla Capital Limited (ABCL) and the Reserve Bank Innovation Hub (RBIH). The event brought together innovators presenting solutions in alternate data-based credit scoring, intelligent workflows, business rule engines (BREs), and psychometric tools for underwriting. |
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NBFC Adopts AI-powered Smart Collection and Monitoring Engine to increase Day 30 Collection to 99% |
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A leading TSP, built an AI-powered Smart Collection and Monitoring Engine atop the Account Aggregator framework. The Engine enables financial lenders to monitor individual loans, streamline collections, and reduce operational and technical friction. Its collection module also supports use cases like SIPs, insurance premiums, and recurring payments.
Integrated with lenders’ loan management systems, payment gateways, and CRMs, the Engine delivers predictive analysis, detects risk signals, helps restructure rules and optimize collection strategies—such as partial or complete recovery. It also enables early soft collections through nudges like SMS alerts and reminders. The deployment of the Engine for a large NBFC led to Day Zero collections rising from 90.4% to 93.1% and Day 30 collections improving from 98.2% to 99%.
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Sahamati Foundation is a member-driven industry alliance
formed to promote and strengthen the Account Aggregator ecosystem in
India.
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