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Account Aggregator framework makes cash-flow based lending faster
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financialexpress.comPeople seeking loans often end up getting one sanctioned at an unfavourable interest rate or terms and conditions. This may happen due to lack of proper credit rating due to unavailability of data from multiple credit sources or due to lack of proper compilation of date to determine the accurate credit rating.
To avoid such a situation, the role of a proper Account Aggregator framework becomes important.
“The Account Aggregator framework is one of the most promising new innovations in the BFSI (banking, financial services and insurance) ecosystem. On the bank of the NBFC-AA framework from the regulator, the AA platform finally went live a couple of weeks ago and has already been positively embraced by some of the larger banks and financial
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