TallyEdge, the account aggregator subsidiary of Tally Solutions gets RBI nod

Business Management Software major Tally Solutions has launched its subsidiary, Tally Account Aggregator Services Pvt Ltd with its product TallyEdge. TallyEdge aims to work closely with Banks and NBFCs, which are also called Financial Information Users (FIUs) and Financial Information Providers (FIPs); to help create easy access to lending ecosystem and other financial services for millions of Indians.

India is home to more than 64 million MSMEs.

Majority of these businesses and many more millions of individuals do not have access to formal lending and other financial services, owing to lack of credit history, gaps in paper trails, and weak financial background. Even the process of seeking such services today is riddled with paperwork hassles, delays, and data privacy issues.