Account Aggregator: The Lynchpin of Open Banking

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.

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.