Banking · Account Aggregator Ecosystem
The Account Aggregator (AA) is often described as a 'data blind' intermediary. Which of the following best explains this characteristic?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The AA is a government entity that operates within a regulatory firewall, preventing any access to private data
- 2The AA system operates on a public blockchain, making data invisible and immutable to all parties including the AA itself
- 3The AA facilitates transfer of encrypted financial data without being able to read, store, or monetise the underlying information✓
- 4The AA can view data in transit but is legally prohibited from storing or sharing it beyond the immediate transaction
Correct answer
The AA facilitates transfer of encrypted financial data without being able to read, store, or monetise the underlying information
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