Account Aggregators: What Are They and How Will They Change the Fintech Ecosystem?

Account Aggregators (AAs) are about to take the fintech market by storm in India. They share data securely between FIPs and FIUs - banks, insurance companies, mutual funds, pension funds, etc. An AA app is like Dunzo, picking up something for you and delivering it to another place. AAs will be used to transfer financial data rather than funds. An AA will facilitate the process of consent, much like how a UPI app facilitates the transfer of funds from one bank account to another.