Aggregated and Unified View: Historically, an individual's financial data footprint has been stored in silos by different institutes/entities. Furthermore, each entity has its own applications, processes, logins, and platforms to access its data. CRIF Connect aggregates all this data onto a single platform, showcasing a more comprehensive profile or picture of the individual’s finances in a standard format. This aggregated view helps to manage your finances better.
Consent Driven: Crif Connect shares your data only upon your consent, which can be paused or revoked at any time.
Safe and Secure: CRIF Connect complies with the guidelines and regulations set by the Reserve Bank of India (RBI) for data privacy and security. CRIF Connect uses an encryption technique to ensure that it is transferred securely from the source to the financial institutions.
Since the data is sourced directly from financial institutions, it reduces the risk of errors, fraud, and other financial crimes.

Speed: The account aggregator framework allows faster and effortless collection of data. It simplifies the process of data sharing. This, in turn, enables faster decision-making, as well as quicker turnaround times for accessing and processing financial products and services.
Authenticity: The account aggregator framework enables direct sourcing of data from registered entities within the AA network. Data sharing occurs only with explicit consent and is not accessed or stored by the AA system. This eliminates fraudulent data and the chances of data leakage, making the process secure and authentic.
Cost Efficient: Crif Connect surpasses the overhead costs of paperwork, legwork, and manpower to collect data.
Democratized Credit: The absence of credit history or the inability to provide collateral, certain categories of borrowers are frequently underserved. The account aggregator framework enables access to a wider range of the individual’s data, enabling a more comprehensive assessment of users’ creditworthiness and financial health.

Curious about the buzz surrounding account aggregator, what they are, how they work and how can they benefit you? Get ready for a deep dive into the revolutionary Account Aggregator financial framework and Ecosystem designed to empower you with control over your financial data.

We are going to demystify the concepts of Account Aggregator (AA) Framework and Ecosystem in financial institutions like banks, insurance agencies or mutual fund companies and simplify it for you!

Learn the intricacies of the Account Aggregator, including its robust security features, seamless consent management, and a myriad of benefits.