Account aggregator ‘interoperability’: What RBI’s move means for your asset statement

Account aggregator ‘interoperability’: What RBI’s move means for your asset statement

Account aggregators are NBFCs that act as a secure bridge for banking data, allowing lenders to access all relevant data swiftly for faster loan disbursements, or manage consent for other companies attempting to fetch your data.Dematerialised accounts have made it easy for investors to track their investments across financial markets, be it stocks, mutual funds, debt instruments, or commodities.

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Reported by indianexpress.com.

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