Account Aggregators Market Scope
An Account Aggregator (AA) is an RBI-regulated organization (with an NBFC-AA licence) that helps individuals safely and digitally transfer information from one financial institution to any other authorized financial institution in the AA network. Data cannot be shared without the subject's agreement. There will be a number of Account Aggregators to opt from. Account Aggregator integrates complicated terms and conditions with detailed, process permission and control over data usage.
The Account Aggregators market study is segmented and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Account Aggregators market throughout the predicted period.
MX Technologies Inc. (United States), Fiserv Inc. (United States), Finicity (United States), Yodlee Inc. (United States), Finvu (United States), Onemoney (India), Zauba Technologies & Data Services Private Limited (India), NESL (India), Perfios Account Aggregation Services Pvt. Ltd. (India) and Verizon Media (United State) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Account Aggregators market by Type, Application and Region.
On the basis of geography, the market of Account Aggregators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Integration of AI And ML Technology
- Growing Demand of Account Aggregators for Financial Services Such As Lenders, or Portfolio Management Service
- Rising Utilization of Online Banking
- Increasing Adoption of Account Aggregation System in Financial Sector
- Data Privacy Concerns Rise in Sharing Client Data
- Low Accuracy in Performance and System Slowdown Issues
- Security Threat From Hacker and Fraudulent Actives
Key Target AudienceAccount Aggregators provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Account Aggregators Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.