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In May, the AA ecosystem was focused on preparing for the implementation of the Fair Use Guidelines, which went live on 1st June 2025. Through a combination of webinars and personalized one-on-one sessions, Sahamati guided FIPs, FIUs, and AAs through the process of aligning their protocols with these crucial guidelines.
The AA ecosystem has proactively created and adopted these Fair Use Guidelines from a foundational level, demonstrating a strong commitment to responsible data usage, sharing, and self-governance. We observe similar developments across comparative ecosystems and sectors.
To further empower the ecosystem, we released the 13th Fair Use Template, underscoring our dedication to providing clear, actionable frameworks for compliance. This template formalizes customer access to their data. Read on in the newsletter below for more.
Looking ahead, the Sahamati membership drive is gathering momentum thanks to the enthusiastic participation of 34 FIPs, FIUs, and AAs who have chosen to join Sahamati as members. Their support is a testament to the collective spirit that drives the AA ecosystem forward. Stay tuned for more updates on this front in the next edition of Varta.
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Ecosystem Statistics for May 2025
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91 FIPs on four or more AAs |
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13th Fair Use Template Released by Sahamati
Customers who have already been benefiting from AAs can now do even more. The 13th Fair Use Template has formalized the use case where customers can analyze and generate insights on their financial data for their personal use. Read about the 13th Fair Use Template on our website>> | |
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Empowering Young Minds with Financial Literacy |
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As part of our CSR initiative, Sahamati partnered with Youth for Social Development (YSD), an NGO in Orissa dedicated to teaching financial literacy to adolescents. Through this engagement, we supported a series of workshops for 700 students. We also collaborated with YSD to customize a learning module that included a chapter on Account Aggregator and secure data sharing. As part of the initiative with YSD, we also held an online interaction with the students. This is a modest beginning toward empowering young people with early awareness of digital finance.
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SahamatiNet Router POC Successfully Tested with 15 Large Integrations
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The Sahamati Product and Engineering Team recently completed a POC for SahamatiNet Router in a simulated environment. The POC tested a single-router integration model that is significantly more efficient than the current many-to-many approach.
While the SahamatiNet Router requires regulatory approval, it will offer the AA ecosystem several advantages, including data interoperability. More about this here>>
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Has Your Organization Adopted the Fair Use Guidelines?
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The Fair Use Guidelines were adopted across the AA
ecosystem on 1st June 2025. In preparation for this change, Sahamati organized
a webinar on 16th May 2025 for FIUs and TSPs servicing them. All FIUs will need to adhere to Fair Use Guidelines according to their specific use case to avoid interruptions in usage. Missed the webinar on 16th May, watch the webinar recording here>>
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Joint Event with FACE: DATA Unlocked
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Sahamati partnered with the Fintech Association for
Consumer Empowerment (FACE) to organize a joint event, ‘DATA Unlocked — Winning
in Lending with Smart, Real-Time Insights.’ Held on 27th May 2025, the event
brought together over 80 participants to explore how technology and data are
reshaping lending, making credit more accessible while managing risks
effectively. More here>> |
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BG Mahesh Meets Fintechs at IIM, Bangalore
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BG Mahesh, CEO of Sahamati, attended the Fintech CoE at NSRCEL, IIM
Bangalore, on 24th May 2025. The Government of Karnataka supports this
initiative to catalyze India’s next wave of fintech innovation. Mahesh met with
a couple of startups working in the areas of finance, investment advisory, and
technology and shared his observations on the financial ecosystem in
India.
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Driving Efficiency with AA: A Broker’s Success Story | |
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Onboarding delays were costing a major stockbroker both customers and money. They decided to evaluate the AA Framework to access data, improve customer conversion, and reduce costs.
The stockbroker collected physical bank statements for income verification as part of the onboarding process and noticed that up to 60% of customers dropped off at this stage of verification.
To streamline the onboarding process, they partnered with an AA that introduced digital, consent-based data-sharing across major banks.
The result was a decrease in overall verification time, customer conversion rates rose by 25%, the number of customers onboarded increased by 150%, and the broker saw a 60% reduction in costs.
This example demonstrates how AAs can enhance operational efficiency, improve customer experience, and streamline financial products — not just in lending but for a range of other services as well.
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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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