GK Question

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The framework that enables consent-based sharing of financial data between institutions in India is called the ________ Framework.

Answer: Account Aggregator

Account Aggregator (AA) is a consent-based data sharing framework regulated by RBI. It allows individuals to securely share financial information (bank statements, investments, insurance) between Financial Information Providers (FIPs) and Financial Information Users (FIUs) for better credit access and personalized services.

Topic Digital Governance
Exam Relevance Banking, UPSC, SSC