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 processed by the money laundering investigation center that requested the data. The Nbfc account aggregator does not see or store your information. 

Speed ​​up loan processing and improve credit services: 

With financial information accessible through the Customer Approvals AA system, lenders can thoroughly assess a customer's financial history and process loan applications faster, following correct processes and digital due diligence. 

Simplify Customer Information: 

Obtaining financial information about borrowers separated from different financial institutions is tedious and cumbersome. NBFC Account Aggregator plays an important role here, which, with the customer's consent, collects and brings large amounts of data to one place and forwards it to a specific bank or lender upon request. 

No Paperwork or KYC Required: 

If the customer's financial institution is registered with the AA network, the customer does not need to complete the KYC process when applying for a loan later. A borrower must conform to AA, which can take all the details, including KYC, and mail the same to the lender from whom the borrower is applying. 

Single dashboard to access:

AA systems allow the customer to use different financial service points of the institutions in one portal. Based on the customer's consent and choice, the account aggregator will choose which financial information is obtained and with which bank/lender. The borrower has complete control over the data and can even set the time frame for the bank to pull and share the data in the system. 

Final Words:


To get all these benefits from NBFC Account Aggregator, choose the Anumati brand owned by Perfios Account Aggregation Services Pvt Ltd. Anumati is an RBI-authorized account aggregator that aids you in tracking, combining information held by various financial institutions and then choose the one you want and share information.

Comments

Post a Comment

Popular posts from this blog

Benefits of choosing the right account aggregator service

Image
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...
Read more

Benefits and applications of account aggregators

Image
An account aggregator (AA) is a non-banking financial company (NBFC) that acts as a digital intermediary to collect and share customers' financial information with their consent. Through a secure and seamless process, the Account Aggregator NBFC system allows customers to share their financial information across various institutions, such as banks, insurance companies and financial service providers. Uses of Account Aggregator Financial Planning and Management: Using apps like Anumati AA that uses account aggregators customers can view all their financial information in one place, including bank account details, credit card statements, and insurance policies. This makes it easier for customers to plan their finances and manage their money. Applying for Loans and Credit Cards:  With Account Aggregator NBFC , customers can share their financial information with multiple institutions, making applying for loans and credit cards more accessible. This eliminates the need for customers ...
Read more

Account Aggregator Platform: Ensuring Privacy and Security in the Digital Age

Image
  In the rapidly evolving digital age, the security and privacy of personal financial information have become paramount. The introduction of the account aggregator platform marks a significant step forward in safeguarding consumer data while facilitating a more seamless financial services experience. This innovative framework enables individuals to share their financial information with third-party financial service providers in a secure, efficient, and consent-based manner. Here's how the account aggregator platform is revolutionizing the way we handle financial data, ensuring privacy and security at every step. Empowering Consumers through Consent At the heart of the account aggregator platform is the empowerment of consumers. Unlike traditional methods where financial data can be shared without the explicit consent of the individual, this platform ensures that users have complete control over who accesses their information and for how long. This consent-based model is crucial in...
Read more