Discover and read the best of Twitter Threads about #financialregulation
Most recents (1)
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
internetfreedom.in/explainer-acco…
But does its revolutionary potential stand the test? Follow this thread ⬇️ 1/5 #SaveOurPrivacy
internetfreedom.in/explainer-acco…
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
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
But critics say that security issues exist, while the role of RBI in regulating AAs has been questioned. 3/5
