Sahamati, India’s NBFC-Account Aggregator body, has raised Rs 50 crore from large banks, asset management companies, stockbrokers, and fintechs. The fresh funding will strengthen the account aggregation data-sharing infrastructure and expand participation, supporting a financial data management framework designed to keep consumers firmly in control of how their information is used.
Indian IT has long relied on internal silos rather than unified execution across teams and systems. Now AI threatens to break that model because building, deploying, and improving models requires tighter data sharing and cross-functional coordination. The result is a new kind of competitive risk: firms that can’t align internally may fall behind faster-moving rivals.
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