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 IndusInd Bank becomes the first bank to go live on RBI's Account Aggregator Framework- IndusInd Bank becomes the first bank to go live on RBI's Account Aggregator Framework
- November 30, 2020
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IndusInd Bank announced that it has gone live as a ‘Financial Information Provider’ (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI), making it the first bank in the country to do so.
Taking a step towards India’s entry into the world of open Banking, RBI first announced the Account Aggregator (AA) framework via a Master Directive in June 2016. The initiative is a path breaking step taken by the RBI which will enable individuals as well as small and mid–sized businesses to avail services that will help them fulfil their financial requirements in a seamless way. With this, customers can now avail a host of benefits such as viewing statements of their accounts, track deposits, ...
- View more at: https://www.1888pressrelease.com/indusind-bank-becomes-the-first-bank-to-go-live-on-rbi-s-acc-pr-684311.html
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