|
|
|
|
|
|
June brought a mix
of headwinds and
hope. On
the macro front, the
lending sector
experienced a
slowdown as bank
credit decelerated
sharply from 19.5%
to 9.8% in May
2025,
as compared to the
same time in the
previous year
.
This resulted in the
RBI cutting the Repo
Rate by .5%. Banking
regulators also
revised priority
sector lending
targets for small
finance banks from
75% to 60%.
These
measures are
expected to ease
funding costs,
improve credit flow,
and offer lenders
greater flexibility
in portfolio
allocation.
On a positive note,
Finance Minister
Smt. Nirmala
Sitharaman
reaffirmed her
support for the AA
ecosystem. At the
29th FSDC meeting,
she called for
strengthening the AA
network, later
highlighting that it
now includes over
700 entities and
more than 15 crore
accounts.
Amidst these shifts,
Sahamati is proud to
announce the
submission of its
SRO application.
Becoming an SRO will
be a significant
step forward, paving
the way for stronger
governance and
improved service
offerings, several
of which will be
exclusive to
members.
We will also make
member success our
core focus as we
strive to deepen our
engagement across
both retail and MSME
segments.
|
|
|
|
|
|
Ecosystem Statistics
for June 2025
|
|
248+
M
Consents
Fulfilled
|
|
|
|
91
FIPs
on
four
or
more
AAs
|
|
|
|
|
|
85+
REs
Become
Sahamati
Members.
Have
You
Become
a
Member
Yet?
After
months
of
dedicated
effort,
we’re
pleased
to
share
that
Sahamati
officially
submitted
its
Self-Regulatory
Organisation
(SRO)
application
on
12
June
2025.
We
are
deeply
grateful
to
the
over
50
FIPs
and
FIUs
who
joined
us
as
our
earliest
members
and
to
the
Account
Aggregators
(AAs)
whose
support
further
strengthened
our
application.
We’re
encouraged
by
the
growing
momentum.
Over
85
REs
have
joined
us
so
far,
and
the
number
continues
to
grow
every
day. The
filing
of
our
SRO
application
marks
a
significant
milestone
in
our
collective
journey
to
shape
a
robust
and
inclusive
AA
ecosystem.
|
|
|
Sahamati
Organizes
a
Members-Only
Grievance
Redressal
Session,
SahAAyak
|
|
|
|
On 24 June 2025, the
Sahamati Support
Team hosted its
first members-only
session, under
SahAAyak — our
grievance redressal
mechanism.
The one-hour session
offered a
walkthrough of the
ticketing system and
was attended by 45
SPOCs from our paid
member REs,
including AAs, FIPs,
and FIUs.
|
|
|
|
Workshop
for the
Digital Team
at ICICI
Bank,
Highlights
the
Opportunities
for Banks in
AA
|
|
Shalini
Gupta, Chief
Policy and
Advocacy Officer
at Sahamati,
addressed a
large team at
ICICI Bank in an
engaging online
session on the
evolving role of
the Account
Aggregator (AA)
framework in
India’s
digital finance
landscape.
She
highlighted
high-impact
use cases
for banks,
shared case
studies from
across the
ecosystem,
and
discussed
the broader
impact of
the AA
framework.
The
one-hour
session also
covered key
implementation
learnings
and outlined
the road
ahead.
|
|
AI
in
Action:
From
Pilots
to
Industry-Scale
Impact
|
|
AI4India
Org
organized
the
AI
for
India
Summit
2025
on
June
28,
2025.
B.G.
Mahesh,
CEO
of
Sahamati,
joined
a
distinguished
panel
titled
"AI
in
Industry
—
Going
Beyond
PoC".
Mahesh
shared
his
insights
on
emerging
AI
models
with
the
potential
for
the
organization-
and
industry-level
transformation.
He
discussed
real-world
challenges
to
the
adoption
of
AA.
|
|
|
|
Breaking
New
Ground:
Sahamati
Labs
Presents
Its
Innovative
Work
at EIOPA
|
|
Kiran Gopinath, Chief
Innovation Officer at
Sahamati, spoke at the
Open Finance Conference
on June 5, 2025. This
hybrid event, organized
by the European
Insurance and
Occupational Pensions
Authority (EIOPA), was
held in Germany. Kiran
presented on the
Sahamati Innovation Hub
and its pioneering work
in Open Finance.
|
|
"No AA,
No
Trust"
Could Soon
Be the New
Customer
Expectation
|
|
BG
Mahesh
spoke
on
the
panel,
‘Leaders’
View:
Transitioning
Towards
Next
Phase’,
at
the
ETBFSI
FINNEXT
Summit
&
Awards
2025,
where
he
emphasized
why
it
is
vital
for
financial
institutions
to
adopt
the
AA
framework
to
transform
lending,
wealth
management,
and
insurance
in
India.
Catch
his
insights
here
|
|
|
|
|
|
Decoding
MeitY’s
Consent
Management
System:
A
Legal
Perspective
|
In
April
2025,
MeitY
released
a
Business
Requirement
Document
(BRD)
for
a
Consent
Management
System
(CMS)
—
a
unified
framework
for
Data
Fiduciaries
and
Consent
Managers.
Legal
Counsel
for
Sahamati,
Pranav
Narain,
shares
his
perspective
on
MeitY’s
CMS.
What
does
this
mean
for
consent
architecture
in
India?
Read
the
article
in
MediaNama>>
|
|
|
|
|
|
|
|
AA
in
Action:
Transforming
Loan
Disbursement
for
a
Large
NBFCs
in
India
|
|
|
One
of
India’s
largest
NBFCs
offers
a
wide
range
of
lending
services,
including
personal
loans,
SME
loans,
two-wheeler
loans,
and
consumer
durable
loans.
After
the
NBFC
began
leveraging
the
AA
ecosystem,
the
aggregate
loans
issued
by
the
lender
increased
by
5-10%
across
all
categories.
The
costs
of
bank
statement
collection
and
analysis
also
dropped
by
65%.
This
case
highlights
the
transformative
value
of
AA
in
streamlining
lending
operations
and
improving
efficiency
at
scale.
|
|
|
|
|
Sahamati
Foundation
is a
member-driven
industry
alliance
formed to
promote and
strengthen
the Account
Aggregator
ecosystem in
India.
|
|
|
|
|
|
|
|
