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.

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