Setu Account Aggregator gateway
India’s first gateway for Account Aggregator
Get financial info with consent. Verify income, monitor credit, and personal finances in one go. Replace broken methods, like screen scraping or file uploads for easier sign-ups and fewer drop-offs.
Businesses already using our data stack
Setu Account Aggregator
Quick and easy access to user financial data
Let users easily share their financial data for simplified verifications, on-boarding, and product experience.
Data sharing with pre-built screens
Give your customers a tried-and-tested UX to connect their financial data.
Custom configuration and smart routing
Responsive web/SDK journeys
Customisable UI with brand logo, colors, and fonts
Direct data from authenticated sources
Prevent fraud with data straight from financial institutions that your customers use.
RBI approved system
Standard, machine-readable data
Convenient for you and your customers
Underwriting beyond credit scores
Easily assess thin-file and new-to-credit customers using diverse financial data.
Assess credit worthiness
Track income and spends
Battle fraud with 20+ indicators
Case study
Snapmint’s successful loan disbursals with Account Aggregator
Multiple use cases
Snapmint
Underwrite credit · Monitor loans · Enable finance management · Verify users
75%
lower loan processing cost
3x
jump in financial data sharing by customers
27%
increase in revenue
Want to know more?
Want to know more on how to partner with Setu for this product?
Use cases
Enhanced financial products and journeys
Get all the data a financial institute has to offer, with a single integration.
User profile information
Personal details such as mobile number, date of birth, PAN etc.
Summary data
Condensed view of financial data, like bank account balance.
Transactions data
Detailed financial data, like a monthly bank account statement.
Explore data types on the API playground
Better for you and your customers
Low effort integration, higher customer conversions
Integrate with an industry-best experience for developers, and an award-winning customer UI.
Consent, front and centre
3
Purpose
Duration
Frequency
Access
Greater trust with customers
Build trust by guiding customers to share data securely.
Highlight recognised institutions
Point out the pros and cons of sharing data
Explain data purpose, storage duration, and access frequency
Common questions
FAQs
What are Account Aggregators?
Account Aggregators are RBI-regulated NBFC entities that allow a person to share and manage their financial data with companies under the Data Empowerment And Protection Architecture framework. Financial data is only shared once the customer reviews a data request and approves it. Setu partners with licensed NBFC AAs to provide pre-built, customisable screens for users to register and approve, reject or manage data consent requests.
What are FIPs and FIUs?
An FIP is a financial information provider—like a bank or an insurance company—that is able to share financial data around a user of their product or service. An FIU, or financial information user, is an entity that is requesting data from an FIP, for their customer, for purposes like verification or enabling financial products for users.
How does the Account Aggregator consent framework work?
When an app or website requests financial data from a customer, the customer can review details of the request on an Account Aggregator app or website they have registered with. The request includes the type of data, reason for requesting it, frequency of access and duration of storage. The customer approves or rejects the request with a simple PIN based authentication, and can revoke consent at any time.
How can my organisation become an FIU on Account Aggregator?
You can become an FIU by completing the steps provided in the Setu API documentation for licences and go-live.