What is Account Aggregator?
An account aggregator is a platform that allows users to consolidate their financial data from multiple accounts and providers in one place, giving them a comprehensive view of their financial data.
Account aggregators act as intermediaries between users and Banks, allowing users to access their financial data. The data is transmitted through account aggregator platform in a secure and standardized format, reducing the risk of data breaches or fraud.
The benefits of account aggregation are numerous. By providing users with a consolidated view of their financial data, account aggregators can help users to better manage their finances, monitor their spending, and identify areas where they can save money.
Salient Features of the product
- The customer can view other Bank accounts through bob World within a minute.
- The customer can view last 90 days transactions of their other bank accounts
- Simple process of adding and revoking accounts
How to Link Other Bank Accounts
Bank is providing a consolidated view of other banks savings and current accounts. The customer can “Link Other Bank Accounts” using following these steps:
Customer can add other bank accounts in the bob World – “My Accounts and Dashboard section”.
On clicking the icon, the user can start the Account Aggregator journey.
The user will be asked for the OTP for fetching the Banks with respect to the registered mobile number.
On discovery of Banks, the user can select their bank and display all the accounts in masked format except the last 4 digits.
The user can select the account to fetch after OTP verification
After giving consent, the user can access the selected accounts in the My Accounts page of bob World.
After giving consent, the user can access the selected accounts in the My Accounts page of bob World.
The user would be able to see the last 90-day statement and the account details using this feature.
- For revoking or delinking the account, which we have already fetched, you have to access M/s Onemoney app or website.
Self-help Videos
Making banking experience smooth and easy with our ‘how to’ videos to let
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