FinSync, a Accounts Aggregator (AA) platform is a technology-driven service that enables simple, secure, and seamless exchange of your financial data between multiple financial institutions such as banks, insurance agencies, mutual fund companies, and more. It empowers individuals and businesses to access and share their financial information digitally with their consent, putting them in full control of their data privacy and security.
The AA platform connects you with your various financial accounts through licensed financial entities known as Financial Information Providers (FIPs). With your explicit consent, the platform aggregates your financial data—including account balances, transaction history, investments, insurance policies—and securely delivers it to Financial Information Users (FIUs), such as lenders or financial service providers. This streamlined data sharing accelerates processes like loan approvals, credit underwriting, and insurance underwriting without the need for physical documents.
Just like UPI revolutionized payments, the Accounts Aggregator framework is transforming financial data sharing. It enhances transparency, reduces fraud risks, and makes financial inclusion easier by providing verified, comprehensive data to service providers instantly and securely.
Sign up on the AA platform to link your bank accounts, insurance, mutual funds, and other financial instruments. Manage your consents easily through the app or web portal, and enjoy seamless financial data sharing that respects your privacy and speeds up your financial transactions.
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