Business and Finance Business and Finance
Mon, December 2, 2024
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[ 06:31 AM ] - Bill Williamson
FinBox launches Industry's first Account Aggregation based data platform

FinBox launches Industry's first Account Aggregation based data platform


Published on 2024-12-02 06:31:18 - Bill Williamson, WOPRAI
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  • FinBox, One of India's leading credit infrastructure and risk intelligence companies - has recently announced the launch of an Account Aggregator based Customer Data Platform (CDP) This unified platform will enable banks and NBFCs to access extensive customer data points and get actionable insights real-time.

FinBox has introduced India's first account aggregation-based data platform, aiming to revolutionize financial services by enhancing data security and customer consent management. This platform allows financial institutions to access customer financial data with explicit consent, adhering to the Account Aggregator (AA) framework set by the Reserve Bank of India (RBI). The platform not only ensures compliance with data protection regulations but also simplifies the process of data sharing, making it more secure and efficient. It supports various financial services like lending, wealth management, and insurance by providing a unified view of customer financial data, thereby enabling personalized financial products and services. This initiative by FinBox is poised to foster innovation in the financial sector by leveraging technology to improve customer experience and operational efficiency.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/content/press-releases-ani/finbox-launches-industry-s-first-account-aggregation-based-data-platform-124120200669_1.html ]
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