India’s Account Aggregation Framework – Q&A for Beginners

India has had a very different and intriguing approach to Open Banking. Unlike many other geographies where instant payment initiatives are running in parallel to open data initiatives, India flipped the equation by implicitly launching Open Banking with payments first on what is now widely considered the best real-time payments network in the world – UPI. Having tasted success on a large scale with UPI, India is now on the cusp of going live with the Account Aggregation framework, which will be its first foray into consent-based financial data sharing. The following primer attempts to answer some of the fundamental aspects of the Account Aggregation framework:

What are Account Aggregators?

Account Aggregators ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.