RBI allows Account Aggregator interoperability
In short
The RBI has allowed Account Aggregator interoperability. The reporting says this will let users share data by consent more easily, help lenders assess credit faster, and give people a combined view of their finances.
This could make it easier for customers to move data between platforms. The sources do not say when the change starts or which firms must update their systems.
What the reporting says
The RBI allowed Account Aggregator interoperability, with publisher-supplied summaries saying the move enables seamless consent-based data sharing, faster credit assessment and consolidated financial views. The reporting does not state the effective date, technical standards, or which entities must comply. The immediate consequence is broader customer choice and potentially easier access to financial data for lenders and users.
Why it matters
The RBI’s interoperability move expands the Account Aggregator framework by allowing smoother consent-based data sharing, faster credit checks and consolidated financial views, according to the publisher-supplied summaries. No implementation date or compliance detail is stated in the available reporting. The change matters for consumers, lenders and financial-data platforms because it can improve portability and decision-making.