Perfios is a pioneer in data aggregation services and has launched a new category of solutions. IT harnesses the power of structured and unstructured data aggregation while also providing deep analytics. Aggregations of accounts are also known as financial data aggregation. Account aggregator is a technique in the financial services domain that involves collecting, assembling, and synthesizing information from multiple accounts, such as loan or credit accounts, savings and current accounts, credit cards, and investment accounts. Government accounts include public provident fund and income tax returns data and supplementary business or consumer accounts. Open application programming interface (API) connections enable data collection, collation, and sharing. Below you can see about the perfios account aggregator:
About account aggregator
Perfios has designed a full-stack solution for Financial Information Providers (FIP) and Financial Information Users (FIU) that makes the most of the recently released Account Aggregation (AA) framework (FIU). Account Aggregation modules connect a company's existing solution to the NBFC-AA ecosystem and serve as a single point of contact for all complex and time-consuming integration architectures, saving time for FIPs and FIUs. Perfios is integrating AA as a new data source for existing customers, with minimal change management and effort required for integration.
Features
Data and consent life cycle management
Regulatory compliance requirements
Audits
Strong data security
Dashboards to monitor traffic
Dashboards to monitor security
Life cycle management of each request
Perfios financial information providers FIB solution
The module allows financial information providers, such as banks, to join and easily integrate into the NBFC-AA ecosystem. Perfios FIP modules integrate seamlessly with the company's core system and any account aggregate to handle customer data extraction requests in a secure and real-time environment. Perfios has attempted to combine human and machine understanding into a future-ready tool, a Financial Statement provider, after recognizing the opportunities of automation and learning, particularly in credit decision making.
Perfios financial information user FIP solution
The module allows companies to acquire applicants data from all FIPs, using any account aggregator with whom the applicant has an account. The module easily integrates with the company’s application system, has the capability system, and can handle all the complex integrations of the NBFC-AA ecosystem. The data extracted using the FIU module can be passed into the existing periods and analytics engine. The FIU receives encrypted data, decrypts, and sends the data to a bank or financial institution. The FIP can format, scheme, and encrypts data.
Bottom line
As a result, the above listed are the details about Perfios account aggregator. By utilizing this, you can connect your business into a single unit and manage everything in a single frame. It allows you to save time.