Account Aggregator API - sahamati-aa-framework API

Overview

• The Account Aggregator API is a vital tool in the Indian FinTech industry.
• It serves as an intermediary between Users and Financial Information Providers.
• Its main function is to facilitate account aggregation services.

Major Customers Using It

• Major banks and financial institutions in India
• Insurance companies
• Securities firms

Features & Integrations

• Facilitates account aggregation services
• Serves as an intermediary between Users and Financial Information Providers
• Integrates seamlessly with major banks, insurance companies, and securities firms

Use Cases

• Banks and financial institutions use it to aggregate account data
• Insurance companies use it to source financial information
• Securities firms use it to access user accounts for financial analysis

Developer Support

• Dedicated developer support team for troubleshooting
• Community forums and resources available for developers

Advantages

• Provides a seamless account aggregation service
• Connects users with various Financial Information Providers
• Easy integration with major platforms and services
• Secure and compliant with industry standards

FAQ

• What is the Sahamati Account Aggregator API?
  The Sahamati Account Aggregator (AA) API is a technology framework in India's FinTech ecosystem that enables secure, consent-driven sharing of financial data between users and financial institutions such as banks, insurance companies, and securities firms. It acts as an intermediary facilitating account aggregation services with user consent.

• Who are the major customers of the Sahamati AA API?
  Major customers include leading banks, NBFCs, insurance companies, securities firms, wealth managers, and fintech firms across India. Prominent participants include SBI, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, and Federal Bank.

• What are the key features of the Sahamati Account Aggregator API?
  Secure, consent-based financial data sharing complying with RBI regulations, seamless integration with banks, insurance companies, and securities firms, user-controlled data sharing with ability to grant, review, and revoke consent, real-time access to verified and up-to-date financial data, and interoperability across multiple account aggregators in the ecosystem.

• What are the common use cases for this API?
  Aggregating customer account data for credit decisioning and portfolio management by banks and financial institutions, sourcing financial information for underwriting and risk assessment by insurance companies, accessing user accounts for financial analysis and investment services by securities firms, and enabling faster, data-driven loan approvals on digital lending platforms.

• How does customer consent work in the Sahamati AA framework?
  Users explicitly provide consent to share their financial data from their accounts with Financial Information Users (FIUs) via the Account Aggregator. Consent can be granted, reviewed, or revoked anytime by the user, ensuring full control over their data sharing.

• Is the Sahamati AA framework compliant with regulatory standards?
  Yes, the framework is RBI-approved and complies with all relevant data privacy, security, and consent regulations to provide a trusted platform for secure financial data sharing.

• How widely adopted is the Sahamati AA ecosystem?
  As of 2025, the ecosystem includes over 650 financial institutions with more than 600 Financial Information Providers (FIPs) and Users (FIUs). It processes millions of monthly consents and facilitates significant loan disbursements.

• Where can I find more detailed FAQs and information?
  More FAQs and detailed information are available at sahamati.org.in/faq