Account Aggregators can change the lending landscape, but there is a hitch

However, there seems to be a big error of judgement regarding the framework of providing access to data to lenders through the Account Aggregation framework. It seems that the method of UPI framework is applied for AA, which probably may not work for credit assessment of small business. We can segregate these problems in following:

  • It does not mandate banks to compulsorily integrate and provide information about their customers. …

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