What Does ‘Account Aggregation’ Mean And Why Is It Helpful​

You might have multiple bank accounts, different types of investments and loans. What if all your financial data is consolidated for easy monitoring?

This is what account aggregation is all about. Account aggregators are authorised entities that can gather and consolidate your financial data.

This data can then be shared with other financial institutions within the account aggregator framework with your consent. Check out the benefits.

Easy to get loans

With account aggregation, lenders can easily access your financial data. There’s no need of too many documents which speeds up the loan process.

Secured

Your financial data is fully secured as account aggregators cannot view or store it. They simply facilitate data transfer through encrypted channels.

Consolidated view

You can check all your investments, bank accounts and liabilities on a single platform to monitor, manage, and stay on top of your finances.

Choose IDFC FIRST Bank’s Mobile Banking app for convenient account aggregation. Connect all bank accounts, track expenses and do much more.