Account Aggregators Market to Eyewitness Huge Growth by 2028 | MX Technologies, Fiserv, Finicity, Yodlee

Advance Market Analytics published a new research publication on "Account Aggregators Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Account Aggregators market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the study are MX Technologies Inc. (United States), Fiserv Inc. (United States), Finicity (United States), Yodlee Inc. (United States), Finvu (United States), Onemoney (India), Zauba Technologies & Data Services Private Limited (India), NESL (India), Perfios Account Aggregation Services Pvt. Ltd. (India), Verizon Media (United State).

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Scope of the Report of Account Aggregators: An Account Aggregator (AA) is an RBI-regulated organization (with an NBFC-AA licence) that helps individuals safely and digitally transfer information from one financial institution to any other authorized financial institution in the AA network. Data cannot be shared without the subject's agreement. There will be a number of Account Aggregators to opt from. Account Aggregator integrates complicated terms and conditions with detailed, process permission and control over data usage.

The titled segments and sub-section of the market are illuminated below: by Service type (Financial Information Provider (FIP), Financial Information User (FIU)), Component (Software, Service), End User (Bank, Financial Institution, Insurance sector)

In June 2022, State Bank of India (SBI), HDFC Bank, and ICICI Bank made a joint acquisition of a 9.54 percent stake each in Perfios Account Aggregation Services Private Limited (Perfios AA). Each of these banks purchased 8,05,520 equity shares at a cost of Rs 4.03 crore for their respective stakes.
In September 2021, Eight major Indian banks revealed their plans to introduce or are on the verge of launching a revolutionary system called Account Aggregator. This system aims to empower consumers by allowing them to consolidate their financial data from multiple sources into a single platform. The participant banks include HDFC, Kotak, ICICI, Axis, SBI, IndusInd, IDFC, and Federal. While four banks have already commenced the rollout of the system, the remaining banks have expressed their intention to introduce the new system in the near future. The primary goal of the Account Aggregator (AA) is to provide individuals with a centralized platform to access and manage all their financial information conveniently.

Opportunities:
Increasing Adoption of Account Aggregation System in Financial Sector

Market Drivers:
Rising Utilization of Online Banking
Growing Demand of Account Aggregators for Financial Services Such As Lenders, or Portfolio Management Service

Market Trends:
Integration of AI And ML Technology

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Strategic Points Covered in Table of Content of Global Account Aggregators Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Account Aggregators market
Chapter 2: Exclusive Summary - the basic information of the Account Aggregators Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Account Aggregators
Chapter 4: Presenting the Account Aggregators Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Account Aggregators market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Account Aggregators Market is a valuable source of guidance for individuals and companies.

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