How do Account Aggregation Services make Financial Mangement Easy?

As most of the services are digital, why not your financial management? Keeping this in mind, the Reserve Bank of India has introduced account aggregation services to enable managing and sharing crucial financial information in a real-time basis. More and more financial entities are encouraging and supporting this framework, including 8 major banks such as HDFC Bank, ICICI Bank, IDBI First bank, State Bank of India, Kotak Mahindra Bank, IndusInd Bank, Axis Bank and Federal Bank.   

Among these popular account aggregators, Anumati is the finest consent manager offered by Perfios Account Aggregation Services Private Ltd under the RBI license. Our primary purpose is to educate ordinary folks and financial institutions about data sharing and managing through a single interface. The app is secure and reliable, where users can easily link all of their bank accounts and easily manage their finances. What else? Here are four ways where Anumati can serve you the best. Let's explore this in detail.   

  

Ways Anumati Can Help You in Account Aggregation Services

In Management of Wealth  

Whether you are an induvial user or a financial institution, with your consent, we allow you to link all the participating banks which are linked to your registered mobile number. Once you discover all the accounts, select the ones you want to link. Now, you can easily compile your financial asset management on a single platform with more accuracy, data integrity and security. This will help you track your income, expenses and savings at a glance.

While Taking Loans  

Today, to take loans, you have to undergo several documents such as a bank statement, salary slip, Form 16 and other documents that are requested to be processed by the lending bank in order to prove the credit worthiness. But with Anumati, the lending bank can pull off the customer's network data with their consent. After checking the worthiness, they can provide a loan with better interest rates.

Monitor the Expenditure  

Sometimes, we often conduct small discretionary expenditures such as buying popcorn at the movie hall or taking a taxi for work or can be anything. These small expenses that we ignore can add up to a lot over the period. Therefore, our app provides a single and reliable platform to track and manage your expenses efficiently.

In Buying Health Insurance  

Insurance companies need to financially underwrite the policy bought by their customers, which depends on many factors such as the customer's family health history, past medical history, net salary and others. Customers with complete and accurate documentation have a higher chance of getting their policy approved than those without. With Anumati, you can keep all the information required in aggregated and sorted format.  

  

So, whom are you waiting for? Download the app today to access the account aggregation services for smooth financial flow.