Account aggregator framework and how can it help you: Part 1 | In Focus podcast
b'Of late there has been a lot of buzz around what\\u2019s known as the Account Aggregator ecosystem or framework. It\\u2019s a form of \\u2018open banking\\u2019 that has emerged with the blessings of the RBI and, according to analysts, could transform the financial services industry by making it easy for consumers to give their consent to sharing their personal financial data with different service providers. Although it\\u2019s still early days, there are about ten Account Aggregators in operation, with an estimated 7.7 million citizen accounts linked with the various account aggregators.\\nSo how do account aggregators work? Who will benefit the most from this new ecosystem? What are the concerns about privacy and fraud? We explore all these aspects in a two-part podcast with two experts.\\nIn this episode, we look at what Account Aggregators are, what led to their emergence, and how they work.'