RBI has approved NSDL e-Governance as an Account Aggregator

Highlights:

• As an account aggregator, the Reserve Bank of India (RBI) has certified the "NSDL e-Governance Infrastructure."
• 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.