Sebi to join Account Aggregator ecosystem, says Chairperson Madhabi Buch

AA ecosystem is a UPI moment for the lending ecosystem as it will allow sharing of data seamlessly and fast and without the need for physical documents.

In a big push to make financial data available with ease and on a single platform the Securities and Exchange Board of India (SEBI) said that the market regulator will be joining the entire Account Aggregator (AA) ecosystem.

Sebi Chairperson Madhabi Puri Buch said: “Sebi wll be joining the Account Aggregator ecosystem. We are in implementation stage where we are exchanging data formats with our market participants.” Buch was speaking at the Manthan, an ideathon for supporting new ideas and innovations in the securities market. The conference is is being held in association with other market infrastructure institutions.

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