Samvaad 2024 Registrations are now OPEN!
SamvAAd, the annual celebration of India’s pioneering journey into Open Finance, is back!
Don’t miss out on this opportunity to connect with industry leaders, innovators, and fellow enthusiasts driving the open finance movement.
Sahamati Annual Report – October 2024
We are pleased to announce the release of our latest annual report.
The report “Data Capital: Unlocking Formal Finance for a Billion Indians” marks three years since the public launch of the Account Aggregator ecosystem, a pioneering cross-sectoral data-sharing initiative in India. This report celebrates the grit and determination of the ecosystem to realize data empowerment for customers in India.
Open Finance: From inclusion to empowerment of MSMEs
The Open Finance: From inclusion to empowerment of MSMEs report is out!
This joint effort from Sahamati and McKinsey & Company highlights the transformative potential of the AA ecosystem in addressing the persistent credit challenges MSMEs face. The report identifies over 15 potential use cases to enhance the efficiency and innovation of the financial services industry catering to MSMEs in India.
Event
Ask Anything on Consent Templates and Fair Use System
4 weekly recurring events Every Friday starting from Jun 7 at 12.30 PM. For advance booking click here.
07 Jun 2024
12.30 PM
Online
Account Aggregator Workshop
20 May 2024
New Delhi
Article
How Account Aggregator can help digital lenders improve collections
Understand how Account Aggregator (AAs) can enable intelligent loan monitoring and successful collections
Account Aggregator Ecosystem
Role of Loan Service Providers in Account Aggregator Ecosystem
This Pragati webinar held on 23rd April 2023 was focused on laying out the opportunities and benefits for Loan Service Providers (LSPs) to augment the Account Aggregator (AA) ecosystem.
International
Sahamati Participated in the World Bank Spring Meetings 2024
Sahamati participated in the Open Finance Roundtable hosted jointly by EFNFI and CGAP of the World Bank Group.
15 Apr 2024
Ecosystem Update
ScoreMe AA Gets In-Principle Approval from RBI
Scoreme Account Aggregation Solutions Private Limited Gets In-Principle Approval from RBI
20 Mar 2024
Participatory Governance Update
Formation of the AA Fraud Prevention Working Group
The ecosystem has convened a working group to strengthen process flows in the Account Aggregator (AA) network.
17 Apr 2024
Sahamati Update
Inauguration of Sahamati Bengaluru Office
We inaugurated our first office in Bengaluru in the presence of Mr. Nandan Nilekani, Dr. Pramod Varma, and other ecosystem representatives.
20 Mar 2024
Ecosystem Update
Clearing Corporation of India Limited (CCIL) Joins the AA Ecosystem
CCIL has joined the ecosystem as an FIP and will integrate Retail Direct Gilt account data with the network
22 Feb 2024
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An Ecosystem that lets You be in Control of Your Data, Always
Learn From Peer
Learn from peers, experts and advocates to adopt and improve customer experience.
Shape The Ecosystem
Debate, discuss and decide key policies and practices to better the framework.
Champion Innovation
Get all the support needed to bring new ideas to life for your customers.
AA Ecosystem Participants
Each participant of the account aggregator network enables easy and secure exchange of data for the customer’s benefit.
Financial Information
Provider (FIP)
Institutions that are the ‘source’ of personal or business data which FIUs can access via requests through an AA.
Account
Aggregator (AA)
NBFCs that deliver data from Financial Information Providers (FIP) to Financial Information Users (FIU) with your consent.
Financial Information
User (FIU)
Institutions that receive the user-consented financial data from FIPsto provide services to thecustomers.
Signatories to Sahamati Participation Terms
Major financial institutions in India have adopted the Account Aggregator framework to provide consented data
HOW SAHAMATI CAN HELP
A Trusted Platform for Collaboration
“The Account Aggregator (AA) ecosystem is a fundamental shift in the way business will be done. That's really how we are driving the business at this point. Equipping us to collect client consent to access their bank statements in a structured manner and allow us to underwrite them right, price them right, expand exposures, and monitor the portfolio for early warning is a dramatic shift!”
Rajeev Jain
Managing Director– Bajaj Finance Limited (BFL) in the Q4 FY24 Earnings Conference Call
In the current integrated environment, the Account Aggregator (AA) ecosystem is likely to significantly impact digital lending to underpenetrated segments across Retail and MSME. We were the first Bank to launch digital lending through the AA framework in fiscal 2022 and have since scaled our AA-linked business significantly
Amitabh Chaudhry
MD & CEO Axis Bank in the 2022-23 Annual Report Statement
