India's Account Aggregator ecosystem facilitates nearly 3.8 crore financial services in FY26

New Delhi, June 24 (IANS) India's Account Aggregator ecosystem facilitated nearly 3.8 crore financial products and services in FY26 and has delivered over 45 crore cumulative consents and more than 500 crore data fetches, a report said on Wednesday.

The report from the industry alliance of India's Account Aggregator (AA) ecosystem -- Sahamati -- said the network now processes over 7 lakh consents daily and underlined AA ecosystem's evolution beyond credit underwriting into a broader financial services infrastructure.

India's Account Aggregator (AA) ecosystem has 5.96 crore Personal Finance Management users, a user base growing at a compound annual growth rate of 164 per cent since FY23.

Nearly 67.65 lakh futures and options accounts were verified via AA network in FY26, with 70–80 per cent of income verification at leading brokers conducted through the system.

Nearly 1.51 lakh life insurance policies were issued using AA during the fiscal year.

With nearly 6 crore users accessing AA-powered PFM experiences, banks, Registered Investment Advisors (RIAs), and wealth platforms are helping customers gain a consolidated view of their finances across bank accounts, investments, insurance, pensions, and other assets.