https://www.taxtmi.com/news?id=24444 An Account Aggregator is an RBI-regulated NBFC-AA that enables consumers to authorize digital transfer of financial data from one regulated institution to another within a consent framework. Consent is granular, time-bound and revocable; AAs transmit encrypted data without viewing or aggregating it. The network initially shares banking transaction statements with plans to extend to tax, pensions, securities, insurance and other sectors. Registration is voluntary, consumers may choose any AA, and operational models may include different fee arrangements. en-us Fri, 10 Sep 2021 11:40:55 +0530 Fri, 10 Sep 2021 11:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24444 An Account Aggregator is an RBI-regulated NBFC-AA that enables consumers to authorize digital transfer of financial data from one regulated institution to another within a consent framework. Consent is granular, time-bound and revocable; AAs transmit encrypted data without viewing or aggregating it. The network initially shares banking transaction statements with plans to extend to tax, pensions, securities, insurance and other sectors. Registration is voluntary, consumers may choose any AA, and operational models may include different fee arrangements. News - Fri, 10 Sep 2021 11:40:55 +0530 https://www.taxtmi.com/news?id=24444