Unlock new use cases built on top of the AA spec—like bulk fetch APIs to get data for multiple users.
Hassle free integrations
We take care of any regulatory need, letting you focus on what you do best—building and experimenting.
Super fast integrations for any financial data
Gain access to any data block a financial institute has to offer—bank transactions, account information, insurance summary, mutual fund statements, and many more—with just one integration.
Pre-built, responsive mobile or desktop screens for user registration, consent approval and management.
Match your brand
Theme our pre-built screens to match your brand. Set custom logo, colours, fonts and language.
A robust testing environment that mocks actual flows for user registration, data requests, consent approvals/rejections/expiry.
Test how consent artefacts work in live situations. Use Setu’s high quality mock data, or upload your own data for custom scenarios.
Available data blocks
Companies can now easily request their users for financial data. There are broadly three types of data defined—
Information about the user and their personal details such as mobile number, date of birth, PAN etc.
This is a brief, condensed overview about the type of financial data being fetched.
A detailed report containing the list of records for that particular type of financial data.
Build customer trust with high conversions
Make use of our extensive research on data sharing principles with diverse users. We guide you every step of the way to help explain to your customers how the account aggregator consent framework works.
Provide visuals—give details on how data is shared with consent.
Nudge to make informed choices—explain how the data is used, pros and cons.
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 new Data Empowerment And Protection Architecture framework. Learn more ↗
Financial data is only shared once the customer reviews a data request and approves it. Setu currently partners with licensed NBFC AAs, to help provide pre-built, customisable screens for users to register, approve/reject/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 for data from an FIP—for their customer—for purposes like verification or enabling financial products for users.
How does the account aggregator’s consent framework work?
When an app/website requests for financial data from a customer, the customer can review details of the data request on an account aggregator app/website that they have registered with. The data request includes details like—
Type of data
Purpose and frequency of request
Duration of access to the data
The customer uses this information to approve or reject the request with a simple PIN based authentication.
A customer can also revoke consent for the data being shared. This gives complete control to users and also opportunities to financial apps and websites to build trust with their customers.