NBFC Account Aggregator License in India| Get NBFC AA License| Corpbiz

#nbfcaalicense #accountaggregator #corpbiz
What is an NBFC Account Aggregator?
An NBFC Account Aggregator, or NBFC-AA, is a type of non-banking financial company sanctioned by the Reserve Bank of India. These entities play a pivotal role by allowing secure and seamless sharing of financial data between financial institutions and customers, all based on the customer's consent.
The Licensing Process
To operate as an Account Aggregator, a firm must first secure a license from the RBI. This process involves proving they have the requisite net owned funds, typically around 2 crore rupees, and demonstrating robust technological and managerial capabilities. The goal? To ensure that they can handle sensitive financial data responsibly.
Business Operations of NBFC-AA
Once licensed, Account Aggregators facilitate data sharing. Imagine you’re applying for a loan; rather than scrambling to gather all your financial documents, an NBFC-AA can compile your financial info from various institutions and present it to the lender, with your permission, of course. It's fast, efficient, and secure.
Regulatory Framework
Operating under strict guidelines, Account Aggregators must comply with RBI’s regulations, which ensure customer data is handled securely. This includes adherence to the Information Technology Act and robust data protection protocols to safeguard user privacy.
To learn more, watch the complete video without skipping.
To Secure NBFC AA License, click here- corpbiz.io/nbfc-account-aggre....
corpbiz.io/nbfc-account-aggre....
Phone:- 9121230280
Email:- [e-mail]
Want to know more about #Corpbiz​?
Subscribe to our Corpbiz channel to get the latest updates, tips, and help. bit.ly/3w7AFJ5
Website: corpbiz.io​
Facebook: / corpbizhq​
Twitter: / corpbizhq​
Instagram: / corpbizhq
LinkedIn: / corpbizhq