What's New :
8th September 2021 (5 Topics)

Eight of India’s major banks joins the Account Aggregator (AA) network

Account Aggregator System has the potential to revolutionize how financial data is transferred and used. Discuss. (150 Words)

Approach:

  • Introduce by providing an overview of what account aggregator system is and how it functions.
  • Use diagram to show relationships between Individuals, Financial information providers and Financial information users
  • Discuss how the system will help in increasing credit availability, financial inclusion and better financial services. Discuss its potential impact on Fintech industry
  • Briefly highlight concern regarding data privacy and security
  • Way forward/ Conclusion

Verifying, please be patient.

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