Fintech APIs
Account Aggregator API
Empower Your Decisions with User-Consented Financial Data!
Signzy’s Account Aggregator API helps Financial Information Users (FIUs) obtain customer information from registered Financial Information Providers (FIPs) without storing any data.
With the customer’s consent, our API streamlines data sharing under the RBI account aggregator framework, increasing transparency. It assists Financial Information Users (FIUs) like banks and NBFCs in verifying financial data for various processes such as lending and KYC. By digitizing the complex task of individual data point verification, our API enhances convenience and safety, making information aggregation more efficient.
Use Cases of the API
USPs of the API
Decreased Risk and Processing Time
High Precision and Accuracy
Register New Users on AA on the Fly
Benefits
Easy to Use
Signzy’s AA API is designed for optimal user experience, offering a seamless and intuitive interface
Stops Fraudsters
Our API excels in identifying fraudulent activity & safeguarding customer information with remarkable accuracy
Reliable Information
As data is obtained from government-regulated FIPs, it is accurate and dependable
Real-time Retrieval
Data is swiftly processed and retrieved, optimizing both time and effort
Overcome Key Challenges in Loan Applications
- Underwriting: Using Income and Spend data, lenders can easily process underwriting decisions
- Spend Analysis: Using AA transactional data, user’s spends and obligations can be identified through analytics
- Salary Information: Transactional data from AA gives user’s salary and income information upon analytics
- Identity Verification: AA Data can be used to verify user identity and can be used as a proxy to ensure valid user information.
How to Verify using AA API?
- Once you receive the link to the inquiry form, access it and fill in your details.
- After this, Signzy’s Account Aggregator API is to be integrated.
- Provide the request for customer details.
- After obtaining consent, data is transferred from the FIP to the FIU for processing.
FAQ
From where is the customer data obtained?
The customer data is obtained from the respective FIP after a request has been provided with the customer’s consent. The information is transferred to the concerned FIU without retaining it with the AA framework.
Does the AA keep the customer data?
No. AA acts only as a transferring vessel for the data. All data obtained from FIPs are transferred to FIUs without retaining any information, even with consent.
Does the API have direct access to customer data?
No. The API and AA can only obtain data the FIPs provide. They do not retain or access any data, even with the customer’s consent.
Will the customer's data be safe during the process?
Yes. Only data to which the customer has given consent can be accessed. The API transfers this data from the FIP to FIU. The process is fortified, and no external party can access the data. Even the AA does not access this data. All this is done while ensuring the best customer experience during the customer onboarding process.
