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Podcast: In Focus by The Hindu
Episode: Account aggregator framework and concerns around privacy of personal financial data: Part 2
Description: Of late there has been a lot of buzz around what’s known as the Account Aggregator ecosystem or framework. It’s a form of ‘open banking’ 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’s 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.In Part 1 of this podcast, we looked...