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Account Aggregator API
Easy, Detailed and Secure!
Signzy’s Account Aggregator API securely retrieves financial data from banks, lenders, and investment accounts, providing a 360-degree view of your customers’ financial profiles and accelerating your lending decisions.
Calculate total income, analyze stability, categorize sources, and assess debt-to-income ratio to understand financial health and predictability.
Includes essential personal details such as mobile number, date of birth, and PAN.
This provides a quick snapshot of the customer’s financial standing, such as account balances, savings and investment details such as monthly savings, SIPs, insurance premiums etc.
This offers a detailed record of the customer’s financial activity, like bank statements, GSTR 1, 3B filing data and purchase history.
Data is verified and retrieved directly from your customers banking, investment and insurance partners.
The Account Aggregator API is recommended by the RBI to enable smooth and secure sharing of information between parties.
You can read more about RBIs Account Aggregator Initiative here
Data received is already converted into a system readable format to enable a streamlined process. Streamline Onboarding and Verification Streamline Onboarding and Verification No need for manual document collection and verification, Signzy AA API streamlines onboarding procedures, reducing turnaround times and enhancing the overall customer experience. Secure and Compliant Secure and Compliant Our AA API strictly adheres to regulatory mandates and stringent data security standards. With certifications from the Reserve Bank of India and adherence to industry best practices, we prioritize the protection of your sensitive information, fostering trust and legitimacy in every transaction.
In the context of the Account Aggregator (AA) API, user consent plays a pivotal role in the secure sharing of financial data within the AA ecosystem. This consent empowers users with control over the sharing of their financial data from one entity in the network to another, ensuring that the privacy and security of the account information are maintained.
The financial information user will be asked to initiate a data request through the API, specifying the type of financial data required and the purpose of the request.
The AA API will be required to communicate with the user’s financial data sources, such as banks or insurance companies, to retrieve the requested data in a secure and standardized format.
Once retrieved, the financial data will be encrypted to ensure security and privacy during transmission. It will then be securely transmitted to the requesting third-party entity via the AA API.
The third-party entity will be able to receive the encrypted financial data through the AA API and utilize it for the specified purpose, such as credit assessment, risk analysis, or personalized financial services, while adhering to regulatory guidelines and user consent preferences.
Just as your mobile payment service like PhonePe, GooglePay, Paytm require a PIN to make payments from your bank account like HDFC, ICICI, Axis directly to your cab driver or restaurant’s bank account, Account Aggregator API fetches data directly from your customer’s bank/ insurance company.
Receive comprehensive support for seamless onboarding ensuring smooth integration with your existing systems without disruption
