New Delhi, April 16 -- The global financial system is moving towards stronger data privacy and customer control. People want to know how their data is used and who has access to it. In this changing environment, consent-driven credit is becoming very important.

Consent-driven credit means that customers have full control over their financial data, as they can now decide which information to share and with which institution. This approach builds trust and makes lending more transparent.

In India, this is ably supported by the Account Aggregator (AA) framework. The AA ecosystem enables secure, consent-based data sharing between financial institutions. Customers can share their personal data with lenders in a safe, controlled manner. This ...