India: Reserve Bank of India unveils the account aggregator network for financial data sharing
Description
Reserve Bank of India unveils the account aggregator network for financial data sharing
On 2 September 2021, the Reserve Bank of India (RBI) announced the creation of an Account Aggregator network. The AA network enables data sharing in order to increase individuals' access and control over their financial data. RBI noted that it aims to expand the type of data available for sharing to include data on securities, taxes, pensions insurance, brokerage and mutual funds. The network will allow customers to access digitally their financial data and share it across institutions more securely.
Original sourceScope
Policy Area
Data governance, Other operating conditions
Policy Instrument
Data protection regulation
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
central bank
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
other service provider
Category
All