<h1>India Launches Account Aggregator Network for Secure Financial Data Sharing with Consumer Consent, Eight Major Banks Join.</h1> India has launched the Account Aggregator (AA) network, a financial data-sharing system designed to enhance consumer control over personal financial data and streamline access to financial services. The AA system allows individuals to securely share financial data between institutions, improving processes like lending and wealth management. Eight major banks in India have joined the network, facilitating digital data sharing with consumer consent. Unlike Aadhaar eKYC or credit bureau data, the AA network enables sharing of comprehensive financial data, such as bank transactions. The system is voluntary, ensuring consumer consent and security, with potential expansion into healthcare and telecom data sharing.