Monday, 10 February, 2025

Small Account Aggregators Face Setback Due To Big Bank Compliance Issues

India's small account aggregators are struggling as major banks delay compliance with key regulations. The banking hurdles have slowed the adoption of the aggregator framework, which was designed to streamline financial data sharing. Industry experts warn that without smoother bank participation, the initiative may fail to achieve its full potential in enhancing digital financial services and customer access to credit.