NBFC account aggregator frameworks are emerging as a critical pillar of the RBI financial inclusion strategy. At the Global Fintech Fest 2025, RBI Governor Sanjay Malhotra explained how NBFC account aggregators and the unified lending interface RBI are together reshaping credit delivery by enabling secure data sharing and interoperable lending systems.
According to the Governor, these platforms can help banks and NBFCs reach borrowers who remain outside the formal system, while still maintaining trust, consent, and regulatory oversight.
Why This Matters in the RBI Financial Inclusion Strategy
India’s digital financial ecosystem has already transformed payments and identity. Now, the focus is shifting toward credit access, which remains uneven across large sections of the population.
As part of the RBI financial inclusion strategy, the central bank is encouraging the use of NBFC account aggregator models and the unified lending interface RBI to reduce information gaps in lending. Together, these systems allow lenders to assess borrowers more accurately and design credit products that are both inclusive and responsible.
Importantly, the goal is not just faster lending, but fairer and more transparent credit delivery.
NBFC Account Aggregator Framework: Strengthening Data-Driven Lending
The NBFC account aggregator framework enables secure, consent-based sharing of financial data between users and lenders. Under this model, NBFC account aggregators act as regulated intermediaries that help move financial information safely and efficiently.
According to the RBI Governor, strengthening NBFC account aggregator standards is essential to:
- Improve onboarding experiences
- Enhance data security and consent transparency
- Enable interoperability across aggregators
Without interoperability, lenders would need to integrate separately with multiple NBFC account aggregators, which limits scalability. Therefore, RBI is actively pushing for a more connected ecosystem aligned with its broader RBI financial inclusion strategy.
At scale, this approach can significantly improve credit decision-making for NBFCs and fintech lenders.
Unified Lending Interface RBI: A Digital Public Infrastructure for Credit
Alongside Account Aggregators, the unified lending interface RBI initiative represents a major step toward standardised digital lending.
The unified lending interface RBI is designed as a Digital Public Infrastructure (DPI) that allows lenders to:
- Access verified data sources
- Build alternative credit assessment models
- Standardise loan origination and servicing
Governor Malhotra described credit as the “lifeblood of inclusive growth” and noted that the unified lending interface RBI can help bridge unmet demand, especially among borrowers without traditional credit histories.
By working in tandem with NBFC account aggregator systems, ULI strengthens the overall credit ecosystem.
How NBFC Account Aggregators and ULI Work Together
When NBFC account aggregators and the unified lending interface RBI operate together, lenders benefit from both trusted data access and standardised lending workflows.
This combination directly supports the RBI financial inclusion strategy by:
- Reducing reliance on informal credit
- Enabling data-backed lending decisions
- Improving reach into under-served segments
As a result, NBFCs can scale responsibly without compromising compliance or borrower trust.
What This Means for NBFCs and Fintech Lenders
The RBI’s message is clear:
- NBFC account aggregator adoption will become central to credit assessment
- NBFC account aggregators will play a larger role in consent-based data sharing
- The unified lending interface RBI will shape the future of digital lending
- Data integrity and audit trails will be non-negotiable under the RBI financial inclusion strategy
Lenders who balance speed with trust will gain the most.
Where BeFiSc Fits In
As NBFC account aggregators and the unified lending interface RBI scale, the accuracy and integrity of data inputs become critical.
BeFiSc helps NBFCs and fintechs:
- Detect tampered or altered financial documents
- Validate data used in credit assessment
- Maintain audit-ready verification trails aligned with the RBI financial inclusion strategy
In a data-driven lending ecosystem, trust in data matters as much as access to data.
Final Takeaway
At Global Fintech Fest 2025, RBI Governor Sanjay Malhotra outlined a future where NBFC account aggregators and the unified lending interface RBI act as foundational layers of India’s credit infrastructure.
Together, these platforms advance the RBI financial inclusion strategy by ensuring that credit reaches more people — safely, transparently, and at scale.
If you’re building lending products using NBFC account aggregators or the unified lending interface RBI, now is the right time to strengthen your verification and compliance layers.
Explore how BeFiSc supports trust-first, RBI-aligned credit workflows.
FAQ
1. What is an NBFC account aggregator?
An NBFC account aggregator enables consent-based sharing of financial data between users and lenders under RBI regulation.
2. How does the unified lending interface RBI help lenders?
The unified lending interface RBI standardises lending workflows and enables data-driven credit assessment.
3. Why are NBFC account aggregators important for financial inclusion?
NBFC account aggregators reduce data gaps, making credit access easier for under-served borrowers.
4. How do these initiatives fit into the RBI financial inclusion strategy?
Both NBFC account aggregators and ULI are core components of the RBI financial inclusion strategy to expand formal credit access.
