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With account aggregator, FinBox brings on board a cohort of formal and alternate data sourced from user-sanctioned financial information, smartphones, bank statements and cash-flow inputs to underwrite existing and potential borrowers at speed and scale.Book a Demo
An account aggregator in India, registered as an NBFC, allows sharing of financial data between Financial Information Providers (FIPs) and Financial Information Users (FIUs), after due customer consent.
FinBox embeds the account aggregator functionality right within its automated bank statement analyzer - BankConnect. This enables users to grant granular, time-bound access to their financial data which, clubbed with credit bureau scores, helps lenders assess the borrower against a wider backdrop of financial parameters.
BankConnect combines transactions extracted from bank statements with data from third-parties to provide enriched, clean data within seconds via an API call or a CSV report.