2nd September’21, Moneycontrol: Explained: UPI moment for lending? Account Aggregator ecosystem to go live today.

NeoGrowth has been mentioned in an industry story in Moneycontrol today, titled, “Explained: UPI moment for lending? Account Aggregator ecosystem to go live today.”

The article, written by Priyanka Iyer, Senior Correspondent, discusses how AA framework, when implemented fully, has scope to do what UPI did for payments. The story throws light on how consumers would be impacted by account aggregation, how it will facilitate consented data sharing of financial information in real-time and explains the AA ecosystem.

NeoGrowth has been mentioned as being one of the 12 institutions that are in various stages of FIP/ FIU implementations. Others mentioned include State Bank of India (SBI), Axis Bank, Bajaj Finserv, DMI Finance, Federal Bank, ICICI Bank, IDFC FIRST Bank, HDFC Bank, Hero FinCorp, Indusind Bank and LendingKart.

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