India, Sept. 2 -- The Government of India issued the following news release:
The Account Aggregator (AA) framework was officially launched on September 2, 2021, establishing a secure, consent-based system for financial data sharing. In 2016, the Reserve Bank of India issued the Master Directions for the Account Aggregator (AA) ecosystem.
The AA Framework, allows users to aggregate their financial information (like bank accounts, investments, loans, etc.) from multiple sources and share it with service providers (e.g., lenders, wealth managers) for services like loan applications or financial planning. AAs act as intermediaries, ensuring data privacy and user control through encrypted, permission-driven data sharing.
During G20 India Pres...