Financial Infrastructure on WebNoteshttps://v2.webnotes.in/categories/financial-infrastructure/Recent content in Financial Infrastructure on WebNotesHugoen-INSun, 17 May 2026 00:00:00 +0000Account Aggregator (AA) framework in Indiahttps://v2.webnotes.in/account-aggregator-framework/Sun, 17 May 2026 00:00:00 +0000https://v2.webnotes.in/account-aggregator-framework/<p>The <strong>Account Aggregator (AA) framework</strong> in India is a consent-based data-sharing architecture operated under <strong>Reserve Bank of India (RBI)</strong> licensing that allows individuals to securely share their financial data across regulated financial entities (banks, mutual funds, insurance companies, NBFCs, lenders) with explicit, granular consent. The framework was conceptualised through the <strong>RBI Master Direction on NBFC-Account Aggregators, 2016</strong>, and operationalised at scale from approximately <strong>2021-2022 onwards</strong> through licensed AA entities and Financial Information Providers (FIPs) and Financial Information Users (FIUs) network.</p>