Overview
India's consent-based data sharing framework enables individuals and businesses to share financial data with service providers. Licensed Account Aggregators act as consent managers between Financial Information Providers (FIPs) and Users (FIUs).
Note: Unique consent-layer architecture. Part of India Stack. Growing rapidly with OCEN lending use case.
Jurisdiction
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Scope & Coverage
This regulation covers the following areas and services:
Key Requirements
Timeline
Official Resources
Related Regulations
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FIDA
European Union
FIDA extends open banking principles beyond payment accounts to a wider range of financial products ...
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Smart Data Schemes
United Kingdom
The UK's Smart Data initiative extends open banking principles to other sectors including pensions, ...
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CDR
Australia
Australia's economy-wide data sharing framework started with Open Banking and is expanding to energy...
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