The Account Aggregator (AA) ecosystem, which went live in September last year, aiming to transform how credit is processed and accessed in the country, has seen nine lenders go live on it, all of which are from the private sector.
Having said that, five of 12 public sector lenders are working with their technology service providers to go live. The AA ecosystem’s aim is to onboard more and more banks into the ecosystem and reach out to other financial sector players, such as insurance companies, going forward. “Of the 12 public sector banks in the country, five are actively ...
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