What is Agya and how does it work?
Agya lets you share your financial data to access many financial services, like getting a loan or tracking your investments and insurance plans. Agya lets you manage this process of sharing data seamlessly. Companies that want your data to provide financial services to you, can request to get data from accounts you hold with financial institutions like banks, pension funds, insurance companies and asset management companies. You can review this and either give permission to share your data or refuse access to it. At any given time, you can use the Agya app to see the companies that have active access to your data, and can update your preferences.
Does Agya have access to my data?
No, Agya does not access, store or sell any of your data. It simply enables seamless encrypted data transfer between companies who want your financial data and financial entities you have accounts with—like banks, insurance companies and more.
Is Agya a licensed Account Aggregator and what features are currently enabled?
Agya has received its Certificate of Registration from the Reserve Bank of India to operate as an Account Aggregator and is in the process of going live. FIP, FIU and customer onboarding will be enabled in due course, subject to regulatory requirements. However, we are open for enquiries or to explore potential collaborations.