The arrival of NBFC Account Aggregators in india is a path breaking initiative designed to transform the way financial data is sought and shared. It is an interface that will allow users to share their financial data held in various accounts (Bank, Mutual funds, Insurance, GST , Pension funds and more) on a real time basis. As the data transfer is facilitated from provider to user in an encrypted format, it ensures authenticity, reliability and security in addition to speed.
