Sahamati, an industry alliance for the Account Aggregator (AA) ecosystem in India, is a non-profit organization whose mission is to drive adoption, innovation, and compliance to regulatory standards amongst industry participants to benefit citizens. To become part of the ecosystem, participant organizations must follow ReBIT API and functional flow guidelines.
Saksham from Aujas enables organizations to quickly and reliably test their API implementation for compliance, security, and readiness to join the account aggregator framework.
Aujas Cybersecurity has been empaneled to conduct the certification process for all the Account Aggregator ecosystem entities.
Sahamati, an industry alliance for the Account Aggregator (AA) ecosystem in India, is a non-profit organization whose mission is to drive adoption, innovation, and compliance to regulatory standards amongst industry participants to benefit citizens. To become part of the ecosystem, participant organizations must follow ReBIT API and functional flow guidelines.
Saksham from Aujas enables organizations to quickly and reliably test their API implementation for compliance, security, and readiness to join the account aggregator framework.
Aujas Cybersecurity has been empaneled to conduct the certification process for all the Account Aggregator ecosystem entities.
The regulatory body approved a new class of NBFCs in 2016 to act as Account Aggregators whose primary responsibility is facilitating the transfer of users' financial data with explicit consent. This primarily includes the transfer, but not storing, of data. An Account Aggregator is 'data-blind', and data transmitted will be end-to-end protected. Also, an Account Aggregator does not and cannot store any user's data.
Thus, It helps businesses and individuals collate and share data digitally in a secured and controlled manner, thereby assuring the user's integrity, confidentiality, and privacy.
The fastest way to become compliant and a part of the Account Aggregator ecosystem.
Fully automated test scenarios.
User guide for self-assessment kit and installation instructions to be given as part of the pre-installation manual kit.
Strict adherence to the API request and response JSON structures to ensure interoperability in the ecosystem.
Control checklist to be provided before a certification audit.
Aujas provides certification after evaluation of the output of the self-assessment check. Once a certificate is issued after the first successful run of the Aujas Saksham Toolkit against the FIP, AA, FIU system, it is considered a proof of compliance unless the quarterly reports indicate a significant deviation or non-compliance with the NBFC-AA specifications, as applicable then.
Read our E-guide on how to get onboarded to the Account Aggregator ecosystem.
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