Customer data with account aggregators completely safe in India: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Thursday assured that customer data shared with account aggregators (AA) is completely safe in India.

Concerned over the slow movement of the AA scheme, she said, “It is not as much as I would want to see. It can be better, which means either the building of awareness exercises are not sufficient, adequate” or there is a need for simplification of technology.

“Banks, both public and private, have reviewed it with me once. Banks have become a member or a part of this account aggregators working, and it has actually helped,” she said at the ‘DATE with Tech’ event here.