Account Aggregator (AA)

Account Aggregator (AA) Definition: The Account Aggregator (AA) framework is an RBI-approved data-sharing architecture that enables individuals to securely and digitally share their financial information (bank statements, investments) with lenders via encrypted consent.

Why it matters in Debt Collection

• Replaces the archaic system of manually uploading bank statement PDFs.
• Revolutionizes credit underwriting by providing un-tamperable live banking data.
• In collections, it helps assess if an 'inability to pay' claim is genuinely true.