What is an Account Aggregator?

An Account Aggregator (AA) is a regulated entity authorized by the Reserve Bank of India (RBI) and holds an NBFC-AA license. Its main function is to enable individuals to securely and digitally access and share information from one financial institution, known as the Financial Information Provider (FIP), to any other regulated financial institution, known as the Financial Information User (FIU), within the AA network. It is important to note that the individual's consent is required before any data can be shared.

In the AA ecosystem, Niva Bupa Health Insurance Company Ltd has a tie-up with CAMSfinserv (Account aggregator) as both FIP (Financial Information Provider) & FIU (Financial Information User).

For more information about the Account Aggregator Ecosystem, please visit this link
https://sahamati.org.in/what-is-account-aggregator/