Mumbai (Maharashtra) [India], October 18 (ANI): Fintech firm Cygnet on Tuesday said it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator.
New Delhi [India] May 6 (ANI/ATK): The Account Aggregator Ecosystem framework went live in Sept 2021. The ecosystem helps lenders to leverage on digital data acquired by taking a consent from the customers, providing them a seamless journey, and eliminating the need of physical documentation. FIU (Financial Information User) can request for data from the FIP (Financial Information Provider) based on a simple consent given by the customer on their Account Aggregator handle.
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