Why it matters
The framework is part of India's digital public infrastructure. It allows lenders and other institutions to access verified financial data quickly, which can transform onboarding and credit decisions.
What to get right
- Design consent journeys that are clear and easy to complete on mobile.
- Integrate data access into credit and onboarding workflows, not as a separate step.
- Plan for the data protection obligations that come with using the data.
- Measure the business outcome, such as approval time or default rates.
Common questions
Who can use account aggregators?
Regulated financial institutions registered as financial information users, such as banks, NBFCs, insurers and investment firms, subject to the applicable rules.
Can customers withdraw consent?
Yes. Consent is specific and can be revoked, which institutions must respect.