NADL is India’s leading Account Aggregation platform empowering customers to harness the power of their Financial Information
Who is an Account Aggregator?
Account Aggregators (AA), a new type of NBFC regulated by RBI, shares financial information about a customer from multiple sources where the customer has relationships and provides a consolidated report. The aggregation is done only with the explicit consent of the customer.
To illustrate, Account Aggregator services could be used by banks for processing a customer's loan application. Based on the customer’s consent, the Account Aggregator would pull out the customer’s financial information from various financial institutions and provide the same in a consolidated format to the bank. Since this entire process is digital, it ensures speedy loan decision to the end customer by the bank.
Why Choose NADL?