Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowThe account aggregator (AA) facilitates sharing of financial information in a real-time and data-blind manner between regulated entities. UPI moment for lending, the AA framework ensures swift data sharing with the consent of the user and eliminates the need for physical documents. UPI moment for lending, the AA framework ensures swift data sharing with the consent of the user and eliminates the need for physical documents. The framework facilitates sharing of financial information on a real-time basis between regulated entities. AAs are licensed by the Reserve Bank of India to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs). IPs are institutions that hold customer data and FIUs are entities that consume data to offer better service, underwrite loans, and so on. Banks and other financial institutions must become FIPs to be able to also become users of data from other financial institutions. Union Bank of India has said that it will work both as an FIU and FIP to allow its customers to share data digitally on a real-time basis. Major private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank are already live as FIPs and FIUs. There are 34 banks, non-banking financial companies (NBFCs) and other institutions so far live on AA, including Federal Bank, IDFC First Bank and IndusInd Bank.
Who released Food Security Index?
Each sentence below has one or two blanks. Fill in these blanks with most appropriate word/ phrase from the four options that are given following each s...
Which of the following countries is not a member of NATO Countries?
A river drains the water collected from a specific area, is known as?
Agriculture Infra Fund (AIF) is created for post-harvest management infrastructure and community farm assets, with benefits including _____ % interest ...
In honour of an Indian musician, the US state of Massachusetts proclaimed 20 April as __________ in 1984.
The Taj Mahal is located in the city of Agra on the banks of the river__________.
The national digital data repository of India is known as?
The IAAF World Championships in Athletics became a fully professional competition from _________.
The Cardamom Hills are regarded as a continuation of the ________ in India.