Banking · Account Aggregator Ecosystem
Under the Account Aggregator (AA) framework in India, which of the following entities is correctly classified as a Financial Information Provider (FIP)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A payment aggregator that processes merchant transactions on behalf of banks
- 2A fintech lender that uses AA data to underwrite personal loans
- 3A scheduled commercial bank that shares customer account and transaction data upon consent✓
- 4An NBFC-Account Aggregator that routes consent artefacts between parties
Correct answer
A scheduled commercial bank that shares customer account and transaction data upon consent
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