Banks are adopting account aggregator framework on data

Account aggregators are responsible for transferring, but not storing, client data. An AA ecosystem, as envisaged by the Reserve Bank of India (RBI), would be a platform for financial services companies to reach out to the consumer to seek consent before using their personal data to optimise their product offerings.

from Banking/Finance-Industry-Economic Times https://ift.tt/3aZg9P0
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