NBFC-AA framework

GPTKB entity

Statements (49)
Predicate Object
gptkbp:instanceOf financial regulatory framework
gptkbp:appliesTo gptkb:Non-Banking_Financial_Companies
banks
financial institutions
gptkbp:compatibleWith gptkb:Data_Empowerment_and_Protection_Architecture_(DEPA)
Account Aggregators to view, store, or process data
gptkbp:dataReceivedFrom Financial Information Providers (FIPs)
gptkbp:dataSource Financial Information Users (FIUs)
gptkbp:dataTypesCovered pension funds
tax data
insurance policies
bank account information
other financial assets
mutual fund holdings
securities accounts
gptkbp:enables wealth management
financial inclusion
digital lending
real-time data access
secure data transfer
personal finance management
insurance underwriting
credit underwriting
better customer experience
Account Aggregators to operate as data intermediaries
consent-based data sharing
faster loan processing
improved credit assessment
individuals to control their financial data
interoperability between financial institutions
reduction in paperwork for loans
gptkbp:firstLicenseIssuedIn 2019
gptkbp:fullName Non-Banking Financial Company - Account Aggregator framework
https://www.w3.org/2000/01/rdf-schema#label NBFC-AA framework
gptkbp:introducedIn 2016
gptkbp:license gptkb:Reserve_Bank_of_India
gptkbp:notableAccountAggregators gptkb:Anumati
gptkb:Finvu
gptkb:OneMoney
gptkb:PhonePe_AA
NADL
CAMS Finserv
gptkbp:partOf gptkb:India_Stack
gptkbp:purpose to enable sharing of financial information between regulated entities
gptkbp:regulates gptkb:Reserve_Bank_of_India
gptkbp:requires user consent for data sharing
gptkbp:supports open banking in India
gptkbp:bfsParent gptkb:Account_Aggregator
gptkbp:bfsLayer 7