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Context: As the account aggregator ecosystem went live on September 2 following the Reserve Bank of India (RBI) framework, experts said a viable commercial model needs to evolve for the system to become sustainable.
About Account Aggregators(AAs)
AA network explained
The AA network features financial institutions such as banks, NBFCs, NBFC-AAs, third-party services, and others. Banks act as financial data providers, lenders act as financial data seekers, NBFC-AAs act as mediums of communication between banks and lenders, and third-party service providers work with AAs.
How does it work?
RBI's role and verdict
By: Shubham Tiwari ProfileResourcesReport error
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