Discover and read the best of Twitter Threads about #indiastartup
Most recents (1)
Account Aggregator Platform went live on 2nd September. Many from the fintech domain, are excited about this. Here is my take on what exactly Account Aggregator is? and why is it been seen as the next digital revolution?
(Explained mostly through Memes)
(Explained mostly through Memes)
In our country, getting a loan from traditional sources like banks was very difficult for MSMEs & SMEs due to the current lending infrastructure. Predominantly the sources used to be loan sharks or chit funds that charge exorbitant interest rates.
In order to solve this problem, India’s top regulatory bodies came together and decided to create a framework that will make sharing of financial data through banks, mutual funds, and other sources easy. This gave rise to introducing a new Framework that is Account Aggregator.
