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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Years after being hailed as the next big thing, the financial data-sharing system is finally gaining wide acceptance, but the new privacy bill introduces fresh questions.
Editor's note: The account aggregator system is gaining traction among bank customers three years after it was introduced. This comes at a time when the government scrapped an earlier draft of the data protection bill and introduced a new version last week. The account aggregator system is a financial data-sharing protocol built by the team behind the India Stack project led by Nandan Nilekani and Bengaluru-based think tank iSPIRT. The idea is to reduce friction in sharing documents and know your customer processes for financial services with the consent of customers. Let’s say you want to take a loan from Bank X. Rather than printing your bank statement from Bank Y or emailing it, the account aggregator system allows you to digitally transfer documents between the two banks. The same mechanism could be used by customers looking to buy a new insurance policy or open a trading account. The account aggregator ecosystem, which includes standalone aggregator apps, financial institutions and technology service providers, has grown in terms of both participants and transaction volumes. In January this year, there were a little over …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
From GPUs to LLMs, India’s AI stack is deeply global—making ‘sovereign AI’ more aspiration than reality.
