Description
B 78 Sector 60 Noida U.P. 201301 India
, Gautam Buddha Nagar
An NBFC Account Aggregator (AA) license in India is available to entities aiming to facilitate financial data sharing between users and financial institutions in a secure manner. Eligible applicants typically include financial institutions such as banks, NBFCs, or other companies with a proven track record in finance or technology. The Reserve Bank of India (RBI) requires applicants to have a robust technological infrastructure, strong financial standing, and a clear business plan. Additionally, entities must adhere to strict regulatory guidelines to ensure data privacy and security. This license enables the holder to collect and share financial data with the user's consent, promoting financial inclusion and streamlined access to financial services.