Decoding Account Aggregators with Shalini Gupta

Despite gains in its financial inclusion journey, access to financial services is limited to 86% of India's population. Access to credit specifically is a persistent challenge, reflected in the unmet credit need of Rs 25 lakh crores - aggravated by disaggregated data and tedious data sharing processes.

Account aggregators are introducing open banking in India. They have the potential to revolutionise the credit market, empowering millions of customers to access and share their financial data across institutions in a secure and efficient manner.
To talk more about account aggregators and how these can enable financial digital inclusion, we have with us Shalini Gupta, the Head of Strategy at Sahamati. Sahamati is a member-driven industry alliance formed to facilitate adoption of the account aggregator ecosystem in India.

---- For more, follow Sattva Knowledge Institute on our ⁠Website⁠, ⁠LinkedIn⁠, ⁠Instagram⁠, and ⁠Twitter⁠. Host: Rathish Balakrishnan | ⁠Linkedin | Twitter Guest: Shalini Gupta | LinkedIn Producer: Anagha Wankhede Audio Engineer & Editor: Abhilash Raikar Designer: Usha Sondhi Kundu ---- Content Sections 00:00 - Decoding Impact Introduction

00:48 - Introduction to the topic and guest

02:32 - What is an Account Aggregator?

06:40 - What financial information is viable and who will use it?

10:21 - Personal Finance Management (PFM) Use Cases

13:14 - How big is the AA system today?

15:37 - A User's Journey in the AA Framework

18:17 - Common AA Apps

18:59 - Value in Data Sharing

24:53 - Resolving Conflicts of Purpose between Financial Entities

28:40 - A New Approach to Gauging Financial Health

34:36 - What is Sahamati's Role?

37:59 - How can Account Aggregators Unlock Value?

50:30 - The Interplay of OCEN and AA

55:57 - PFM for Women

59:11 - Account Aggregators for the Government

1:03:01 - What needs to fall in place?

1:08:02 - Employing Imagination to Utilise AA

1:13:54 - The Role of Philanthropic Capital

1:19:02 - Summary and outro