Benefits of choosing the right account aggregator service
Think about a scenario where you need a modest loan, but banks and other financial organizations are unwilling to provide one since you don't have a credit history. Your requirements and preferences will determine which account aggregation service will be ideal for you. Although customers won't be able to use the system for transactions, the essential procedures for client identification will be in place. Here mentioned are the benefits of having an account aggregator service: 100% data security: The sender encrypts data sent between AAs, and only the receiver can decrypt it. Customer data may be transmitted from one financial institution to another with a person's permission, but it may not be retained, processed, or sold by AAs. It is essential to choose the right account aggregation service. Streamlining customer's data: A borrower's financial information that is dispersed across many financial institutions must be located, which is highly time-consuming and