Account Aggregators (AA) use technology to assist you in simple and secure exchange of your data between financial institutions like banks, insurance agencies or mutual fund companies. This information cannot be shared without your consent. Account Aggregator Onboarding works on following steps:
# 1.The FIU requests an agreement with Account Aggregator for data fetch via Sahamati.
# 2.Sahamti registers the FIU in their systems and gives access to fetch data.
# 3.End user connects their mobile number via OTP for the bank they want to provide data from.
# 4.Finbox processes the raw json/xml received from the account aggregator to provide intelligence on top of this.