Blooming Benefits of NBFC Account Aggregator for Loan Seeking Customers:
Do you know that Account Aggregator allows people to manage their financial information? Yes, they will. An account aggregator is a type of RBI-regulated entity with an NBFC-AA license that helps a person steadily and digitally access and share details from one financial institute where they have an account with another synchronized financial institution in the AA network. A person can choose between several account aggregators. NBFC Account Aggregator is one among them. In addition to the following are the blooming benefits of the NBFC account aggregator: Secure data processing: RBI has well-defined strict data sharing and privacy rules for the AA framework to be followed. The information shared by the AA scheme has secure digital signatures. The information is fully encoded when transferred from the sending bank to the institution from which the customer applies for a loan or other financial product. AA is data blind, as all data it processes is encrypted and can only be process