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, 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.
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