Account Aggregator Integration for Lenders, Wealth and Credit Apps
RED SAG builds Account Aggregator integration for regulated lenders, wealth platforms, personal finance apps and credit products in India. Under RBI's NBFC-Account Aggregator framework, a customer can share financial data, such as bank statements, deposits and investments, from the institutions that hold it to the institution that needs it, through a licensed Account Aggregator and only with their explicit consent. We build the consent journey, data fetch, parsing and the analytics your team uses to make decisions.
The roles matter. Financial Information Providers (FIPs), such as banks, hold the data. Financial Information Users (FIUs), which must be entities regulated by RBI, SEBI, IRDAI or PFRDA, request it. The Account Aggregator, an RBI-licensed NBFC-AA, carries the customer's consent and passes encrypted data between them without being able to read it. Sahamati, the industry alliance, supports the ecosystem with registries and certification. We work on the FIU side for you.
Compared with PDF uploads or screen scraping, AA data is consented, comes directly from the source and arrives in a standard format, which makes underwriting faster and harder to fool. We design the flow with the AA framework, DPDP Act and your credit policy in mind. Your organisation holds the regulatory status and the agreements with AAs.
Who Account Aggregator Integration is for
NBFCs and digital lenders
Lenders who want verified bank statements for income, obligations and cash-flow checks without asking borrowers to upload PDFs or share net-banking passwords.
MSME and business lenders
Lenders assessing small businesses on banking behaviour, and where available GST data, who need monitoring after disbursement with renewed consent.
Wealth and investment platforms
SEBI-registered advisers, brokers and wealth managers who want a consented, consolidated view of a client's deposits, mutual funds and equities.
PFM and credit apps with regulated partners
Personal finance and credit apps working with a regulated FIU partner, who need consent screens, data display and insights built into their app.
Features we build
FIU onboarding support
We help you through the technical side of becoming a live FIU with one or more AAs, directly or via a technology service provider: sandbox integration, key and certificate setup, testing against AA and FIP simulators, and the certification steps your AA partner requires.
Consent journey design
Consent requests that state purpose, data types, date range, frequency, data life and expiry in plain language, with the customer redirected to their chosen AA to approve. We handle approvals, rejections, pauses and revocations cleanly in your app.
Data fetch and decryption
Secure FI data requests against active consents through your AA partner's account aggregator API, handling of the encryption and key exchange the framework specifies, retries for FIPs that respond slowly, and webhook handling for consent and data status notifications.
Parsing and normalisation
Deposit account statements, term and recurring deposits, and where FIPs are live, mutual funds, equities, insurance and other financial information types, parsed into clean, consistent tables your systems can query.
Underwriting insights
Income and salary detection, average balances, EMI and obligation identification, bounces, cash-flow trends and custom flags you define, surfaced to credit officers or fed into your rule engine as variables.
Repayment linkage with UPI AutoPay and e-mandate
Once a loan is approved, the same journey can set up UPI AutoPay or NACH e-mandate through your payment partner on the verified account, so onboarding, underwriting and collection connect without re-entering details.
Multi-AA and fallback handling
Integration with more than one AA so customers can use the one where their bank is supported, plus fallbacks such as statement upload for banks that are not yet live as FIPs.
Consent and data governance
A register of every consent and fetch, data deletion when data life expires, purpose-limited access by role, and audit exports, supporting your obligations under the AA framework and the DPDP Act.
From first call to launch
- 01
Confirm use case and eligibility
We confirm your regulated status or partner arrangement, the data types you need, the purpose code and how long you need to keep the data.
- 02
Choose AA partners and design consent
We compare AA or TSP options with you on FIP coverage and commercials, then design the consent template and the customer journey.
- 03
Sandbox integration
We integrate consent, fetch and notifications in the AA sandbox, and build parsing and storage against test data from simulated FIPs.
- 04
Analytics and decision rules
We build the insights and variables your credit or advisory team needs and test them against real statements shared with consent during pilots.
- 05
Certification, go-live and monitoring
We support your AA partner's certification steps, go live, and monitor consent approval and data fetch success rates by bank.
What you receive
- FIU-side integration with your chosen Account Aggregator or TSP
- Consent request, approval and revocation handling in web or mobile app
- Secure FI data fetch, decryption and storage service
- Parsers for deposit statements and other FI types in scope
- Underwriting insights and rule-engine variables
- Credit officer dashboard with statement view and flags
- Optional UPI AutoPay or e-mandate setup through your payment partner
- Consent register, data-life deletion jobs and audit logs
- Source code, API documentation and runbooks
What Account Aggregator Integration costs
A focused AA consent and fetch integration usually takes 4–8 weeks of development, and a platform with analytics 3–5 months. Go-live also depends on your AA partner's onboarding and certification timelines. AA and TSP fees are charged separately by those providers.
AA consent and data fetch integration
₹1.25–3 lakh (≈ $1,800–4,500)
Integration with one AA or TSP for consent and deposit statement fetch, with secure storage and basic statement view for your team.
AA integration with statement analytics
₹3–7 lakh (≈ $4,500–11,000)
Multiple FI types, parsing and normalisation, income and obligation detection, credit officer dashboard and consent governance.
AA-based underwriting platform
₹7–15 lakh (≈ $11,000–22,500)
Multi-AA setup, rule engine, loan origination linkage, UPI AutoPay or e-mandate setup and post-disbursement monitoring with renewed consent.
Indicative budgets based on typical projects. Your fixed-price quote depends on scope, integrations and timeline.
Tools and technology we use
- Node.js
- NestJS
- Python
- React
- Next.js
- Flutter
- PostgreSQL
- Redis
- Kafka
- AWS KMS
- Docker
Why teams choose us
Lending systems experience
We build loan management and fintech software, so AA data is wired into origination, credit decisions and collections, not left as a stand-alone report.
Careful with regulated data
Consent records, encryption, purpose-limited access and automatic deletion are designed in from the start.
Partner-neutral
We work with the AAs and technology service providers you choose, and can support more than one for better bank coverage.
Clear about roles
We are your technology partner. We do not act as an AA or FIU, and we tell you early where your regulatory status or partner agreements are needed.
Related work
Frequently asked questions
What is Account Aggregator integration?
It is connecting your app or lending system to India's Account Aggregator network as a Financial Information User, so customers can consent to share financial data, such as bank statements, directly from their bank or other FIP. The data is delivered encrypted through an RBI-licensed Account Aggregator and parsed for your use.
Who can become an FIU?
Under the RBI Account Aggregator framework, FIUs are entities regulated by a financial sector regulator such as RBI, SEBI, IRDAI or PFRDA. Unregulated apps generally access AA data through or alongside a regulated partner. Your legal advisers should confirm the right structure for your business before integration starts.
How much does Account Aggregator integration cost?
A focused AA consent and data fetch integration typically costs ₹1.25–3 lakh. Adding statement analytics, multiple FI types and a credit dashboard is usually ₹3–7 lakh, and a full AA-based underwriting platform ₹7–15 lakh. AA and technology service provider charges are separate.
Can the Account Aggregator see the customer's data?
No. The AA framework is designed so the Account Aggregator is data-blind: it carries consent and transfers encrypted data between the FIP and the FIU but cannot read or store the contents. Your system decrypts the data after it arrives.
Which banks and data types are available through AA?
Many major banks are live as FIPs for deposit accounts, and coverage of investments, insurance, pensions and GST data has been growing. Coverage and data quality differ by institution, so we check the current FIP list with your AA partner and add fallbacks for institutions that are not yet live.
How is AA data used in underwriting?
Parsed statements let you verify salary or business income, see average balances, detect existing EMIs and bounced payments, and track cash-flow trends. These become variables in your credit rules or a credit officer's review screen, alongside bureau data and your own policy.
Can AA onboarding be linked to UPI AutoPay or e-mandate?
Yes. After approval, the borrower can set up UPI AutoPay or a NACH e-mandate on the verified account through your payment partner, in the same journey. Limits and rules for these mandates are set by NPCI and your partner bank, and we configure the flow within them.
Do you help with Sahamati certification?
Yes, on the technical side. Sahamati is the industry alliance that runs the ecosystem registries and certification, and your AA partner will have its own go-live checks. We handle the technical preparation and testing for Sahamati Account Aggregator certification and your partner's checks, and work alongside your team during the process. Formal membership, agreements and approvals are held by your organisation.
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Fintech Software Development
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We work with clients in India, United States, United Kingdom, Australia, Canada, Europe and New Zealand.
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