As an account aggregator, the Reserve Bank Of India (RBI) has certified the ” e-Governance Infrastructure.”
Highlights:
The NSDL e-Governance Infrastructure is a provider of IT-enabled Services.
It received RBI’s in-principle clearance to start an account aggregator business through NSDL e-Governance Account Aggregator Ltd, a fully owned subsidiary.
Account Aggregator (AA) model The Account Aggregator (AA) model, with its unique architecture for Consent-based data exchange, has the potential to alter the way financial services are delivered.
It’s a financial data-sharing system that has the potential to transform investing and lending.
The Account Aggregator is a key component in enabling data Democracy. It’s a first-of-its-kind permission system designed to give people control over their data.