RBI approves Cygnet to operate as NBFC account aggregator

RBI approves Cygnet to operate as NBFC account aggregator

RBI approves Cygnet to operate as NBFC account aggregator : Fintech firm, Cygnet has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator.

October 2022 Current Affairs Quiz

Account Aggregator: It is an open financing data-sharing protocols, regulated by the RBI.

It allows consumers to instantly share their financial data with various financial institutions. It also facilitates financial institutions to quick access consumers’ consent-based financial data.

Take Mock Tests

Government Schemes Mock Test Start Test!
Political Science Mock Test – 42 Start Test
History Test – 190 Start Test
Quantitative Aptitude Test Start Test!
Data Interpretation - Mock Test Start Test!
General Awareness - Mock Test Start Test!
Reasoning Ability - Mock Test Start Test!
Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page