RBI AA Ecosystem orchestrates Financial Information Providers (FIPs) + Financial Information Users (FIUs) through standardised APIs enabling interoperability across regulated entities. (1) Financial Information Providers (FIPs): entities holding customer financial data - Scheduled Commercial Banks (SBI + HDFC + ICICI + Axis + Kotak + etc) + Non-Banking Financial Companies (NBFCs) + Small Finance Banks (SFBs) + Payments Banks + Cooperative Banks + Mutual Fund Asset Management Companies (AMCs) + Depositories (NSDL + CDSL) + Insurance Companies (LIC + general + life insurance) + Pension Funds (NPS through PFRDA) + Goods and Services Tax Network (GSTN) for GSTR-1/2/3B + Employee Provident Fund Organisation (EPFO) + others designated by RBI through Industry Notifications. (2) Financial Information Users (FIUs): entities consuming financial data with customer consent - Banks for digital lending + cash flow based lending + NBFCs for MSME credit + Wealth Management firms + Robo-Advisors + Personal Finance Management apps + Insurance underwriters + Mutual Fund distributors + Tax preparers + Aggregators + FinTechs for Buy Now Pay Later (BNPL) + Embedded Finance. (3) Interoperability: standardised ReBIT (Reserve Bank Information Technology Pvt Ltd) FI API specifications + Sahamati Token-based API protocol + JSON Web Tokens (JWT) + OAuth-like flows + standardised data formats per FI Type + cross-AA portability (customer can use any of the 4+ NBFC-AA licensees with any FIP/FIU) + no vendor lock-in. (4) FIP Onboarding: technical certification by Sahamati + readiness assessment + production rollout + monitoring + service level agreements + bilateral fee arrangements + Sahamati Onboarding Tracker. (5) FIU Onboarding: similar process + KYC of FIU + purpose code validation + customer protection commitments + compliance with RBI AA + Sahamati Code of Conduct. (6) Cross-AA portability: customer consent records can move with customer between AAs + no monopoly behaviour. (7) Cross-Sector Regulators: RBI for banks/NBFCs + SEBI for securities/mutual funds (SEBI AA Regulations) + IRDAI for insurance + PFRDA for pension. (8) DPI India Stack Integration: Aadhaar eKYC + UIDAI eSign + DigiLocker (for KYC artefact retrieval) + UPI for payments + ONDC for commerce + AA for financial data + India Stack Open APIs. Coordinates with Sahamati DigiSahamati Foundation Self-Regulatory Organisation (SRO) governance + ReBIT specifications + India Stack + DEPA + RBI Innovation Hub + RBI Regulatory Sandbox. RBI AA Ecosystem + FIPs + FIUs + Sahamati + DPI applies.
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