Unacores AA Solutions Pvt. Ltd., operating under the brand name INK Account Aggregator (INK AA), is an RBI-licensed Account Aggregator based in Chennai, Tamil Nadu. Incorporated in November 2021, it received its AA licence from the RBI in September 2022. The company was established solely to provide AA services, with a clear focus on compliance, secure technology, and financial data privacy. This article explores how INK AA works, the range of services it offers, and the benefits it brings to both users and financial institutions.
| Aspect | INK Account Aggregator Overview |
|---|---|
| Parent Organization | Operated by Unacores AA Solutions Pvt. Ltd., based in Chennai, Tamil Nadu. |
| Core Services | Account Aggregator services with a focus on compliance, secure technology, and financial data privacy. |
| Target Users | Banks, NBFCs, fintechs, insurers, and other financial institutions seeking secure consent-based data sharing. |
| Differentiator | Established solely to provide AA services, with strong emphasis on regulatory compliance and data security. |
| Use Cases | Facilitating consent-driven data sharing for lending, verification, financial management, and digital onboarding. |
| Market Position | An RBI-licensed Account Aggregator (since September 2022), emerging as a dedicated and compliant AA player. |
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.
By offering these services across consumers, FIPs, and FIUs, INK fulfills its role as a regulated Account Aggregator under the RBI framework.
INK AA follows a consent-based process that is simple for users and secure for financial institutions. The main steps are:
INK is widely used by lenders, insurers, and fintechs to streamline underwriting, enhance finance apps, and simplify everyday digital journeys. Built on the AA framework, it enables secure, consent-based data sharing directly from user-linked accounts. Some of the key use cases of INK include:
By providing verified financial information instantly, INK helps lenders assess eligibility more accurately, reduces paperwork for consumers, and allows apps to give users a consolidated view of their finances all while ensuring complete control over data consent.
One of INK’s distinctive features is its self-consent option, which allows users to fetch and view their own consolidated account data directly through the INK app. This makes the AA utility a personal tool for checking balances and transactions across banks without needing an external financial institution to request the data.
Another unique aspect is INK’s transparent pricing model. Unlike most Account Aggregators that only operate through institutional integrations, INK openly publishes plans for use cases such as personal finance, wealth aggregation, and lending support. This flexibility helps fintechs and enterprises adopt AA services in ways that match their scale and requirements.
INK belongs to the newer wave of AAs designed specifically for the RBI framework rather than evolving from older businesses. Its platform, from APIs to mobile apps, has been built from the ground up with compliance, security, and ease of use in mind.
| Factor | INK AA | OneMoney | CAMSFinServ | NADL (NeSL) | Anumati |
|---|---|---|---|---|---|
| Network Coverage | Headquartered in Chennai they have 30 FIPs live with them | Headquartered in Hyderabad they the highest FIPs live 88 | Part of MF registrar CAMS, they are Headquartered in Chennai and 61 FIPs live with them | Government-backed via NeSL, they are Headquartered in Mumbai and 60 FIPs are live with them | Part of Perfios, headquartered in Bengaluru they have 68 FIPs live with them |
| Data Handling | Simplified consent management is the main USP of them | Provides encrypted real-time data with APIs and SDKs for decision insights. | Primarily compliance-focused, handling financial data with high security and oversight. | Acts as statutory repository of verified financial data with government oversight. | Built for lenders, combines financial data with underwriting and credit insights. |
| Role & Flexibility | Works as an verified data tunnel for NBFCs, to sanction loans to SMEs and people | Helps NBFCs for credit risk assessment, with multiple data points | Natural fit for traditional institutions like banks, insurers, and asset managers. | Utility role, high trust but less flexibility for custom solutions. | Institution-focused, aligned with credit platforms needing insights. |
| Differentiators | They provide custom solutions to companies which have any special requirements | First AA in India and with the highest number FIPs onboarded 88 | Trusted financial record-keeper, compliance-first with decades of credibility. | Government credibility, high adoption among many institutions players. | Perfios is already a big player in BFSI sector and they have one of the highest number of FIPs 68 |
INK Account Aggregator (INK AA) is an RBI-licensed Account Aggregator operated by Unacores AA Solutions Pvt. Ltd., headquartered in Chennai. It enables users to share their financial data digitally and securely with consent.
INK AA received its NBFC-AA licence on September 2022 from RBI.
INK provides core Account Aggregator services for consumers, FIPs, and FIUs. It helps users manage consents, financial institutions share data securely, and fintechs or other FIUs receive verified information for their financial services.
Yes. INK offers a unique self-consent option that lets users fetch and view their own consolidated account data directly in the INK app.
Yes. SMEs can share their bank and transaction data through INK with lenders to simplify loan underwriting and credit access.
Users can register on the INK mobile app or web portal, link accounts, and manage consents. The app provides full visibility into active and past data-sharing requests.
INK is one of the newer AAs built specifically for the RBI framework. It offers a self-consent feature, transparent pricing plans for enterprises, and a modern interface designed for compliance and ease of use.
INK’s roadmap includes expanding financial institution coverage, building fintech partnerships, improving the user experience, and scaling infrastructure as the AA network grows.
Yes. NRIs with Indian bank accounts can use INK to link and share their financial data, subject to support from the participating institutions.
INK AA, operated by Unacores AA Solutions Pvt. Ltd, is a new entrant in India’s AA ecosystem built directly on the RBI framework. It blends compliance, security, and a user-friendly interface to deliver core AA services. Distinct features like self-consent and transparent pricing make data sharing more accessible for individuals, lenders, and fintechs.
Looking ahead, INK aims to expand its financial coverage, build stronger partnerships, and enhance user experience. With a modern, purpose-built platform, it is well placed to help consumers access services faster and support institutions in adopting consent-driven data flows with ease.
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