Sahamati driving Open Finance with Account Aggregator
Overview
Data is a key part of the way our economy works. Data sharing is not new. But data sharing with the user’s consent is new. Various businesses and enterprises collect data under various pretexts. There is little or no accountability in the use of the data. Account Aggregators are intermediaries whose objective is to manage the Consents of the users and act as data access fiduciaries. RBI currently issues licenses for financial account aggregators under NBFC-AA structure. Sahamati is on a mission to transform people’s data wealth into economic wealth, a first of its kind in the world. It evangelizes a data-agnostic account aggregator ecosystem within larger community of the regulators, the financial institutions, fintechs and consumers. Our goal is to empower users with their own data by which they gain economically. Sahamati initial focus is primarily on the financial services world but it soon intends to expand its scope to other sectors including healthcare and education. Please visit https://sahamati.org.in for more details about Sahamati, it’s vision and mission
Headquarters
Bengaluru, KARNATAKA