Account Aggregator (AA) is a newly-created category of financial intermediaries, which has been authorized by the Reserve Bank of India (RBI) in 2016. The objective to the AA is to enable consumers to share their financial details in a safe and secure way with the financial service providers that they choose.

Account Aggregators are organizations authorized and controlled by the RBI acting as intermediaries between financial information providers as well as financial information users. They assist in the transfer of financial data from the service providers to users, while guaranteeing the security and privacy of the data.

Account Aggregators RBI are expected to improve the efficiency and ease of financial services through allowing users to transfer their financial details with other firms in financial services without going through the laborious manual process of sharing data. This will make it easier for customers to avail of various financial services like loans, insurance or investments as well as other financial products in a simple way.

In the present, there are six companies which have been granted the right to operate under the name of Account Aggregators from India. These include CAMS FinServ, Cookiejar Technologies, Finvu, NADL, OneMoney, and Yodlee Finsoft.