General Knowledge · General Awareness
A new fintech company specializing in small-value, short-term personal loans (Digital Lending) wants to scale up its operations. To achieve instant loan disbursement, the company requires real-time access to the borrower's banking information (statements, account balance) and credit history from multiple providers (banks and credit bureaus). Which pair of technological solutions is essential for the fintech company to achieve this seamless, real-time data access and disbursement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Structured Financial Messaging System (SFMS) and Indian Banking Community Cloud (IBCC)
- 2Application Programming Interfaces (APIs) and Account Aggregators (AAs)✓
- 3Unified Payments Interface (UPI) and Electronic Clearing Service (ECS)
- 4National Financial Switch (NFS) and Core Banking Solution (CBS)
Correct answer
Application Programming Interfaces (APIs) and Account Aggregators (AAs)
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