Setu Account Aggregator gateway
India’s first Account Aggregator gateway
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.
Easy Loans
Share bank account data with Easy Loans
3 easy steps
1
Select bank accounts to share
2
Verify chosen accounts
with OTP
3
Approve data sharing
Secured data sharing powered RBI licensed Account Aggregator
Learn more
Cancel
Easy Loans
←
Select bank accounts to share
Your mobile number
1
9876543210
Choose your salary account
Acme Bank
XXXXXXXX651
Acme Bank
XXXXXXXX410
Acme Insurance
XXXXXXXX234
OTP sent to 9876543210
To verify account XXXXXXXX651
987654
Easy Loans
←
Approve data sharing
Reason to share data
Duration of sharing data
See more
See accounts
Reject
Easy Loans
Data sharing complete
Businesses already using our data stack
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
An award-winning UI
Our loan monitoring demo, built with Snapmint, won at SamvAAd ’23 ↗.
Customise screens for your brand—
Brand name
Share bank account data with brand name
3 easy steps
1
Select bank accounts to share
2
Verify chosen accounts with OTP
3
Approve data sharing
Secure data sharing powered by OneMoney, an RBI-licensed Account Aggregator.
Cancel
About OneMoney
Is it safe to share my data using OneMoney?
Yes, OneMoney is—
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
Banks
NBFCs
Insurers
Investment funds
ETFs and SIPs
Mutual fund houses
...and more
Underwriting beyond credit scores
Easily assess thin-file and new-to-credit customers using diverse financial data.
ADD ON MODULE
Ditch OCR, PDF, net banking and use Setu Insights to understand your users’ finances.
Assess credit worthiness
Track income and spends
Battle fraud with 20+ indicators
✕
Snapmint's successful loan disbursals with Account Aggregator
75%
lower loan processing cost
3x
jump in financial data sharing by customers
27%
increase in revenue
Enhanced financial products and journeys
Diverse financial data
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.
Multiple use cases
Create products on top of financial data that your users have agreed to share.
Underwrite credit
Use financial data—income, spends, FOIR—to reduce risk when offering loans to your users.
Monitor loans
Analyse how your customers use their credit line to better predict their ability to repay debt.
Enable finance management
Help users manage their money with unified view of their income, spends, investments and more.
Verify users
Reduce fraud by verifying a user’s identity—their name, address or bank account details.
and more use cases
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.
Hassle-free integration
We handle regulatory needs, so you can focus on building and experimenting.
Full-fledged sandbox
Test mock flows for user registration, data requests, and consent handling.
Customised testing
Test consent approvals, rejections or expiry with Setu’s high quality mock data .
Greater trust with customers
Build trust by guiding customers to share data securely.
Highlight recognised institutions
Point out the pros/cons of sharing data
Explain data purpose, storage duration, and access frequency
Consent, front and centre
Explain how you use and store users’ financial data.
Control for customers
Let customers review data access details, then decide to share data.
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 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 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
Reason for requesting data
Frequency of accessing data
Duration of storing the data
...and more
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.
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.
How can my organisation become an FIU on Account Aggregator?
You can become an FIU by completing the steps provided here ↗.