Aurigraph Open Banking


Aurigraph Open Banking Platform

RBI’s Account Aggregator

India has adopted the Account Aggregator model for Open Banking to deliver financial inclusion to the bottom of the financial pyramid and move its large population from informal economy to formal economy, thereby, unlocking financial inclusion to the informal sector at the bottom of the pyramid. Account Aggregator includes financial institutions, such as banks, NBFCs, micro-lending providers, Insurers, AMCs, and non-financial services providers, such as utility providers, as well. Banks and financial services providers can play the role of financial data providers and requesters while Account Aggregators function as mediums of communication between consumers, banks, and lenders. The four-step process is as follows:

Aurigraph BillPay (EBPP & BNPL)



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