Account Aggregator: The Lynchpin of Open Banking
Banking Frontiers|August 2023
Tejinder Pal Singh Manchanda is the Chief Business Officer (CBO) of CAMS Financial Information Services Ltd. (CAMSfinserv). He is responsible for design and execution of the overarching business strategy of the company and has been associated with CAMS since February 2022.
Account Aggregator: The Lynchpin of Open Banking

A proven business leader with over 25 years of PAN India experience, Tejinder has expertise in driving digital transformation, establishing best practices, and building institutional capabilities across areas of portfolio health, delinquency management, cost rationalization and profitability growth. Prior to CAMS, he worked with several leading enterprises including HFCL, ABN Amro Bank, Bill Junction Payments, Bharti Airtel and ICICI Bank.

Tejinder holds a Bachelor's degree in Mechanical Engineering from Punjab Engineering College, and a Master's in Business Administration from University Business School, Chandigarh.

Manoj Agrawal: How do you expect this wave of Account Aggregator to be qualitatively different from the previous wave?

Tejinder Singh: India Stack is revolutionizing the financial industry: digital identity with Aadhaar, digital payments with UPI and wallets, and now data empowerment with account aggregators. Account aggregators (AAs) is the key component of Open Banking. It allows consumers to securely share their financial data with authorized financial institutions (FIUs). This can help consumers to get better financial products and services, such as loans, insurance, and investment advice.

CAMSfinserv is a leading Account Aggregator in India. We have a strong track record of innovation in the financial services industry, and we are excited to be at the forefront of the AA revolution.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BANKING FRONTIERSView all
EC tests the prowess of DLT through a sandbox
Banking Frontiers

EC tests the prowess of DLT through a sandbox

The European Blockchain Regulatory Sandbox is helping regulators to understand the benefits of blockchain in financial services domain:

time-read
3 mins  |
February 2025
GDPR vs DPDP & what it means to BFSI
Banking Frontiers

GDPR vs DPDP & what it means to BFSI

The recently enacted Digital Personal Data Protection Act, 2023, of India, has cast itself as a game-changing framework for addressing the privacy and data protection needs of a rapidly digitizing nation.

time-read
5 mins  |
February 2025
Insurance, investments & financial planning for women to rise
Banking Frontiers

Insurance, investments & financial planning for women to rise

What percentage of your customers are women? What percentage of your overall business comes from women customers? How have both these figures changed over the last few years?

time-read
2 mins  |
February 2025
AIMING WITH AI
Banking Frontiers

AIMING WITH AI

An organization can have multiple goals with Al. We have selected 3 key goals Front Office, Back Office and Strategic Decisions. Six CIOs/CTOS/ CDOs from India, Sri Lanka, Uganda, Nigeria and Ecuador share their perspectives on these 3 goals and on skills, consultants and partners:

time-read
10+ mins  |
February 2025
SBI launches Har Ghar Lakhpati & SBI Patrons deposit schemes
Banking Frontiers

SBI launches Har Ghar Lakhpati & SBI Patrons deposit schemes

The State Bank of India (SBI), the two new deposit schemes-Har Ghar Lakhpati and SBI Patrons-designed to offer customers greater financial flexibility and value.

time-read
1 min  |
February 2025
L&T Finance collaborates with Amazon Finance India for innovative credit solutions
Banking Frontiers

L&T Finance collaborates with Amazon Finance India for innovative credit solutions

L&T Finance (LTF) has entered into a multi-year strategic partnership with Amazon Finance India to co-develop cuttingedge credit solutions designed to enhance affordability for eligible Amazon customers and merchants.

time-read
1 min  |
February 2025
Pay Later extended to stocks
Banking Frontiers

Pay Later extended to stocks

Paytm Money has launched the 'Pay Later' margin Pay trading facility, allowing investors to buy and invest in stocks by paying just a fraction of the total value upfront.

time-read
1 min  |
February 2025
30% for EV, 30% for Solar
Banking Frontiers

30% for EV, 30% for Solar

ADB has invested US$25 million in Vivriti Capital's first climate bond for renewable energy and EV infrastructure. Smitha Jain Arora, Head Sustainability & Impact, lays the road ahead:

time-read
2 mins  |
February 2025
Professional competencies must complement AI
Banking Frontiers

Professional competencies must complement AI

Anooshka Soham Bathwal, CEO & Founder of Dhanvesttor, navigates the challenges of costs and skills shortages along with the opportunities of AI and innovation:

time-read
3 mins  |
February 2025
RBI issues stringent guidelines to combat mobile number fraud in digital transactions
Banking Frontiers

RBI issues stringent guidelines to combat mobile number fraud in digital transactions

The widespread adoption of digital transactions, while providing unparalleled convenience and efficiency, has also led to an increase in fraudulent activities, raising serious concerns that require collective action.

time-read
1 min  |
February 2025