{"id":18299,"date":"2020-03-06T02:48:26","date_gmt":"2020-03-06T02:48:26","guid":{"rendered":"http:\/\/faceinews.com\/?p=18299"},"modified":"2020-03-06T02:48:26","modified_gmt":"2020-03-06T02:48:26","slug":"cams-finserv-receives-rbi-license-for-account-aggregator-service","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=18299","title":{"rendered":"CAMS FinServ receives RBI license for Account Aggregator service"},"content":{"rendered":"<p style=\"font-weight: 400;\"><strong>CAMS FinServ receives RBI license for Account Aggregator service<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>\u00a0<a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Chennai, March, 2020<\/strong>: CAMS Financial Information Services Private Limited (\u201c<strong>CAMS FinServ<\/strong>\u201d), a subsidiary of Computer Age Management Services Limited (\u201c<strong>CAMS<\/strong>\u201d), a service partner to Mutual Funds, received the certificate of registration from RBI for Account Aggregator services and will operate under the brand \u201cCAMS Finserv\u201d.<\/p>\n<p style=\"font-weight: 400;\">The Reserve Bank of India (\u201c<strong>RBI<\/strong>\u201d) has stipulated the framework for the registration of a new class of NBFCs for Account Aggregator ( AA) services to aggregate customers\u2019 financial asset information and deliver reporting services.<\/p>\n<p style=\"font-weight: 400;\">Account Aggregator services licensed by RBI works on a mechanism through which a customer\u2019s financial information is collated from multiple Financial Information Providers (\u201c<strong>FIP<\/strong>\u201d) and securely sent to the authorized Financial Information User (\u201c<strong>FIU<\/strong>\u201d) with the consent of the customer. The customer has complete control on where he will seek the data from and who he will share it with.<\/p>\n<p style=\"font-weight: 400;\">Speaking on the occasion, Anuj Kumar &#8211; President &amp; CEO, CAMS said \u201cAccount Aggregator is a path breaking initiative of RBI to drive financial inclusion and digitalization of citizens\u2019 experience in seeking and managing their personal financial information. Financial Institutions such as Banks, Insurers, Lending Companies will benefit from using the platform for customers\u2019 data.\u00a0 We have met the standards and requirements of RBI to receive the certificate of registration. Our technology platform and operational readiness have been tested and we are \u00a0ready for commencing operations.\u201d<\/p>\n<p style=\"font-weight: 400;\">Anuj Kumar added \u201cCAMS FinServ will bring the experience of CAMS of over two decades in the area of financial information aggregation and management. We believe our Account Aggregator service is designed to serve customers and the vast set of Financial Institutions\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CAMS FinServ receives RBI license for Account Aggregator service \u00a0 Chennai, March, 2020: CAMS Financial Information Services Private Limited (\u201cCAMS FinServ\u201d), a subsidiary of Computer Age Management Services Limited (\u201cCAMS\u201d), a service partner to Mutual Funds, received the certificate of registration from RBI for Account Aggregator services and will operate under the brand \u201cCAMS Finserv\u201d. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-18299","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18299"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18299\/revisions"}],"predecessor-version":[{"id":18300,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18299\/revisions\/18300"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}