Anumati is RBI approved Account aggregator framework

Account aggregation, commonly referred to as financial data aggregation, is the process of gathering information from a variety of sources and compiling it into one central location. This goes beyond traditional credit ratings agencies' assets, such as loans and credit cards, by also taking into account data from sources like investments, income, expenses, invoices, receipts, deposits, equity investments, tax returns, and more.    The Reserve Bank of India launched the aa account online Framework in September 2021. The Account Aggregator framework is a system that allows customers to see all of their financial information in one place. It also makes it easier for Banks and NBFCs to share data. This will help customers when they are looking for financial products and services. Let's take a deeper look at their ecosystem and discuss its work in this article.        How does it Work?    An AA account online framework comprises an Account aggregator, a Financial Information Pr