Anumati Account Aggregator operated by Perfios Account Aggregation Services Pvt. Ltd. in Bengaluru, Karnataka. Incorporated in 2018, the company first focused on digital tools that helped banks and NBFCs analyze financial data like bank statements, tax records, and income proofs. In September 2021, it received its NBFC-AA license from the Reserve Bank of India to operate as an Account Aggregator.
In this blog explores how Anumati AA works, the range of services it offers, and the benefits it brings to both users and financial institutions.
| Aspect | Anumati Account Aggregator Overview |
|---|---|
| Operator | Perfios Account Aggregation Services (Anumati), part of the Perfios group |
| License | Received Account Aggregator (AA) license from RBI in 2021 |
| What It Does | Provides secure, consent-based financial data sharing across banks, insurers, mutual funds, and pension providers |
| Core Strengths | Strong institutional partnerships, multi-sector coverage, and focus on user experience via the Anumati app |
| Key Services | Credit and loan processing, SME lending, wealth and investment aggregation, personal finance tools |
| Clients & Partners | Axis Bank, HDFC Bank, ICICI Bank, SME lenders, wealth platforms, and fintech apps |
| Value for Users | Paperless onboarding, faster loan approvals, consolidated financial view, full control over consent |
| Value for Institutions | Access to verified, real-time financial data that improves risk assessment, reduces fraud, and speeds up decision-making |
| Unique Edge | One of the first licensed AAs with broad financial coverage; combines regulatory compliance, strong bank ties, and consumer-friendly app experience |
An Account Aggregator is a framework introduced by the Reserve Bank of India (RBI). It allows users to share their financial data digitally and securely, with consent. Instead of uploading documents or statements, users can grant access through a simple and secure process. If you want to learn more Account Aggregator we have made a comprehensive guide.
Anumati Account Aggregator provides a secure, consent-driven way to share and manage financial data. It delivers powerful benefits for users, Financial Information Providers (FIPs), and Financial Information Users (FIUs), making it a versatile platform within India’s Account Aggregator (AA) ecosystem.
• Consent Management
Anumati offers easy-to-use tools that let users view, approve, or revoke data-sharing requests anytime. This gives complete transparency and control over how financial information is accessed.
• Personal Finance Management (PFM)
Through the Anumati mobile app, users can link multiple accounts, track balances, monitor transactions, and view their financial data in a single dashboard. This transforms Anumati into a smart Personal Finance Manager that helps users stay organized and make informed decisions.
• Secure Account Aggregator Infrastructure
Anumati enables FIPs including banks, NBFCs, insurers, pension funds, and investment platforms to securely share customer financial data based on explicit user consent. All data-sharing complies with RBI’s Account Aggregator regulations, ensuring privacy, security, and standardization.
• Data Insights & Analysis for Lenders
FIUs such as banks, lending apps, and wealth platforms can use the financial data shared through Anumati to analyze income patterns, spending behavior, cash flows, and financial health. These structured insights support faster and more accurate credit assessments, reducing manual document collection.
By combining regulated AA services with advanced data insights and a feature-rich PFM app, Anumati goes beyond being just a backend data utility. It serves as a comprehensive platform that empowers both individuals and financial institutions to use data more efficiently and transparently.
Anumati Account Aggregator (AA) operates on a secure, consent-based framework defined by the RBI. The entire process ensures that users stay in full control of their financial data while financial institutions receive verified information instantly.
Here’s a clear step-by-step breakdown of how Anumati AA works:
The journey begins when a user applies for a loan, credit card, investment, or any financial service on an app or website.
To verify eligibility, the platform requests access to the user’s financial information such as bank statements or transaction history through Anumati AA.
Anumati shows a transparent consent screen outlining:
What data will be shared (e.g., bank statements, deposits, transactions)
Why the data is needed (purpose of use)
For how long access will remain valid (duration of consent)
The user selects the accounts to share, enters the OTP for verification, and approves the consent. This ensures only the user-authorized data is accessed.
Anumati securely retrieves the requested financial data from the user’s Financial Information Provider (FIP) such as their bank, insurance company, or investment platform.
The verified information is encrypted and shared with the Financial Information User (FIU) for example, the lender or financial app that requested it enabling faster processing and decision-making.
At any point, users can withdraw or revoke consent from the Anumati app, immediately stopping any further data sharing.
Anumati Account Aggregator collaborates with some of India’s top banks, NBFCs, and fintech platforms. Major institutions like Axis Bank, HDFC Bank, and ICICI Bank use Anumati’s secure AA framework to access verified financial data with user consent. This enables faster, more efficient, and paperless financial processes across multiple sectors.
• Credit and Loan Processing
Lenders use Anumati to instantly fetch bank statements and income data, helping them speed up credit checks and reduce manual documentation.
• Wealth & Investment Platforms
Investment apps and wealth managers rely on Anumati to access consolidated financial information, enabling better portfolio insights and personalized advisory services.
• SME & Business Lending
Small businesses benefit from quicker loan evaluations as lenders can access consent-based cash-flow data in real time.
• Personal Finance Management Tools
Fintech apps use Anumati to automatically aggregate account data, giving users a unified dashboard of their spending, savings, and financial health.
By enabling secure, real-time sharing of verified financial data, Anumati helps its partners:
Reduce paperwork and manual verification
Accelerate loan approvals and onboarding
Improve risk assessment and decision-making
Offer more transparent, user-friendly financial services
Anumati’s robust AA infrastructure ensures institutions can focus on delivering smarter financial solutions while users stay in complete control of their data.
Anumati is among the largest AAs in India, with one of the widest networks of banks and financial institutions as partners. This strong coverage means individuals and small businesses can connect most of their accounts in one place, while institutions gain access to a broader set of verified data for credit and investment use cases.
It also builds on years of Perfios’ experience in financial data analysis. Because of this background, Anumati can deliver structured insights from bank statements, tax data, and cash flows that help lenders make better credit decisions. This capability goes beyond simply passing data from one place to another.
In addition to operating as an AA, Anumati also acts as a Technical Service Provider (TSP). This allows banks and NBFCs to plug AA flows directly into their lending and investment products, supporting use cases such as cash flow based loans, instant digital disbursals, and smoother credit journeys.
| Factor | Anumati | Finvu | Setu | OneMoney |
|---|---|---|---|---|
| Network Coverage | One of the widest networks, covering a large share of banks and financial institutions. | Among the first NBFC AAs: strong support from banks with good partnerships. | Backed by multiple licensed NBFC-AA partners; supports many FIUs and FIPs. | India’s first RBI licensed NBFC-AA; building a broad AA data gateway with wide coverage. |
| Data Handling | Builds on Perfios’ expertise in financial data analysis, delivering structured insights beyond raw data. | Focus on secure, consented sharing; emphasis on privacy and user control. | Ensures standardized, error-free data payloads with developer-friendly APIs. | Provides real-time encrypted data and decision insights with APIs and SDKs. |
| Role & Flexibility | Acts as both an Account Aggregator and a Technical Service Provider (TSP), enabling easy adoption for banks and NBFCs. | Primarily an AA, enabling lightweight and focused consent-based data sharing. | AA services with additional developer tools and embeddable consent UI. | AA with data-governance tools, APIs, and SDKs supporting banks and fintechs. |
| Differentiators | Seen as one of the most established and widely adopted AAs in India. | Early mover and market leader with strong trust and adoption. | Popular among developer-focused fintechs for ease of integration. | Privacy-first positioning with strong consent management and broad data API offerings. |
| Focus Area | Description |
|---|---|
| Broader Coverage of Financial Institutions | Expand links beyond banks to include insurers, mutual fund platforms, pension providers, and GST data so users get a more complete financial view. |
| Support for MSMEs | Enable cash-flow based loans and faster digital disbursals for small businesses by combining AA data with its role as a Technical Service Provider. |
| End-to-End Financial Journeys | Move from one-time data sharing to ongoing use cases like repayment monitoring, mandate renewals, and portfolio management. |
| Simpler User Experience | Improve the Anumati app to make account linking and consent management easier for everyday users. |
| User Education and Awareness | Invest in efforts to help people understand how consent-based data sharing works and why it is safe. |
| Scaling with Ecosystem Growth | Strengthen integrations with banks and fintechs to handle rising adoption and higher data volumes across sectors. |
Ans: Anumati is an RBI licensed Account Aggregator operated by Perfios Account Aggregation Services Pvt. Ltd. It lets users share their financial data securely and only with consent.
Ans: Anumati received its NBFC-AA license from the Reserve Bank of India in September 2021.
Ans: Anumati allows consent-based sharing of bank, insurance, pension, and investment data. It also provides tools for income and cash flow analysis, consent management, and a mobile app for personal finance tracking.
Ans: Anumati is among the largest AAs in India in terms of coverage. It also has its own mobile app for users and works as a Technical Service Provider (TSP), helping banks and NBFCs build lending and investment products.
Ans: No. Anumati does not store your financial data. It only acts as a secure channel to transfer information between institutions with your permission.
Ans: You may see Anumati when applying for a loan or credit card with banks such as Axis Bank, HDFC Bank, or ICICI Bank, or while using the Anumati mobile app to track your own accounts.
Ans: Anumati plans to expand its coverage to more financial institutions, improve its app experience, support SME lending, and help spread awareness of secure, consent-based data sharing.
Ans: Yes, Anumati supports sharing of GST-linked data for small businesses, which helps lenders verify cash flow and repayment ability.
Ans: Anumati is among the largest AAs in India, with one of the widest networks of banks, insurers, and investment platforms already connected.
Ans: Yes, NRIs with Indian bank accounts and investments can use Anumati to link and share financial data just like resident users, subject to bank support.
Anumati has become one of India’s leading Account Aggregators with strong coverage across banks, insurers, and investment platforms. Backed by Perfios’ expertise in financial data analysis, it combines regulated AA services, a personal finance app, and technical service provider capabilities setting it apart from AAs that only act as data bridges.
Looking ahead, Anumati is well placed to drive faster lending, wider SME credit access, and more personalized financial services. With its growing network, user-friendly design, and secure consent-based data sharing, it is poised to play a key role in India’s move toward fully digital and transparent finance.
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