Discover and read the best of Twitter Threads about #AccountAggregator

Most recents (6)

Lets take a moment on how billionaires have publicist who seasonally write profile stories masquerading as news / opinions for years together. A thread 🧵 on @/SarithaRai articles on @/NandanNilekani

After all - If Nandan wants you to read his publicist's piece, why just one?… 6 June 2012 - Why India's identity scheme is groundbreaking

#AadhaarPR… March 11, 2014 - The unfinished makeover of Nandan

🗳️ #ElectionTime PR
Read 16 tweets
EXPLAINED: The RBI's #AccountAggregator framework that went live on 2 Sept '21! This new change was heralded as "transformative" to the financial ecosystem.

But does its revolutionary potential stand the test? Follow this thread ⬇️ 1/5 #SaveOurPrivacy…
This framework tries to make #financialdata more accessible between banks or other "Financial Information Providers" and entities requesting that data (like credit platforms) called "Financial Information Users" with the consent of the user.

Here's how it works ⬇️ 2/5
#AccountAggregator supporters say this is a step towards a secure, efficient, & connected financial ecosystem — reducing costs + frauds while prioritising user consent.

But critics say that security issues exist, while the role of RBI in regulating AAs has been questioned. 3/5
Read 7 tweets
Last week India unveiled the #AccountAggregator network, a financial data-sharing system. Account Aggregator empowers the individual with control over their personal financial data, which otherwise remains in silos.
पिछले सप्ताह, भारत ने वित्तीय डेटा-साझा प्रणाली - अकाउंट एग्रीगेटर (एए) नेटवर्क का अनावरण किया।अकाउंट एग्रीगेटर व्यक्ति को अपने व्यक्तिगत वित्तीय डेटा पर नियंत्रण के साथ सशक्त बनाता है, जो डेटा सामान्यतया अलग-थलग और आसान पहुँच से बाहर रहते हैं।
What is an #AccountAggregator? 👇
Read 13 tweets
The Account Aggregator ecosystem is going live tomorrow!

Be sure to follow our Twitter Handle @Setu_API as we live-tweet the whole launch!

It’s going to be an exciting event and you don’t want to miss it.

In case you haven’t registered yet, sign up—….
One hour to go for the #AccountAggregator launch!

Watch this space to catch the action live on Twitter!

@sahamati @Product_nation
Read 52 tweets
I heard a nice talk from the #AccountAggregator inauguration ceremony – important government officials stated that @RBI 's
Account Aggregator framework was #IncentiveAligned with citizens.
I liked the term #IncentiveAligned. In the context of #AccountAggregators it meant that citizens wanted data privacy but also wanted their data present with the government to do something for them – their data empowering themselves.
This led to the concept of #DEPA or Data Empowerment and Protection Architecture – as an attempt to ensure that all #RegulatoryApplications and #IncentiveAligned with asks of citizens. Now, that is a great thing .....
Read 10 tweets
Lots of excitement around the launch of #AccountAggregator and rightly so! Paradigm shift which gives the power of their own data back to the users. Have been thinking about how will value be created and captured in this new era. A thread 👇 (1/10)
Doesn’t seem like an #AccountAggregator itself will be able to capture a lot of value because it is not allowed to read or store the data it is collecting. It’s just a pipe, a utility. A secure one sure, and it will be paid a fees for that service. (2/10)
Large financial institutions of today will actually lose value. “Proprietary access” to user data was their moat which will now be open to all, upon user’s consent. Keen to see how eagerly they support this shift 🧐 (3/10)
Read 10 tweets

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