Rama Subramaniam Gandhi, a former RBI deputy governor, has been appointed non-executive chairman of Sahamati, the industry alliance backing the Account Aggregator ecosystem. Sahamati has also added new independent directors as adoption of consent-based financial data sharing expands across sectors, signaling growing trust and momentum for smoother, permissioned access to user financial information.
Sahamati has raised Rs 50 crore from more than 30 financial institutions to scale India’s Account Aggregator ecosystem. The non-profit industry alliance says the coordinated funding will deepen ecosystem participation, strengthen technical and policy frameworks, and build institutional capacity. Backers include major banks and investors, while participating account aggregators like OneMoney and Finvu plan to accelerate consent-based financial data sharing.
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