The AA framework makes data sharing easier across services, but only after gaining consent from users.

Notably, account aggregator platforms can’s store the data but can only share it with other financial service providers.

Previously, Sequoia Capital’s managing director Rajan Anandan had said that RBI’s account aggregator framework will provide a plethora of opportunities to Indian fintech startups.

According to him, although UPI has democratised digital payments and provided a space for the fintech startups to grow, the RBI’s account aggregator platform will provide 10x more opportunities to fintech startups.

Account aggregator platforms such as Cams Finserv, FinSec AA Solutions and Cookiejar Technologies have already received the required operating permission from the RBI. | To read full story, visit https://startuparound.com/read/1584361807.1108916/Startups-Adopt-RBI’s-Data-Sharing-Policy-To-Boost-Financial-Inclusion?ref=audio_experience