PSBs set to live on Account Aggregator Platform

PSBs set to live on Account Aggregator Platform

PSBs set
  • Account aggregator is adata empowerment platform, which is expected to revolutionise credit, insurance and investment by making it a lot more effective and efficient reducing information asymmetry.   What are the key notes of an AA platform?
  • AA , otherwise termed as financial data aggregation, lists all or most of the account holder’s financial information in one place.It may include data just from that financial institution, or from multiple institiutions where the account holder does business.
  • For example, an online banking service may provide a home page on which account holders can see information from all of their checking, savings, CDs, and brokerage accounts. Personal finance software, apps, and online services like Quicken or Mint also provide account aggregation services.
  • Here is a news item about PSBs which are set to shift to AA platform soon.
psb

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