ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Rohan JahagirdarSubscribe to Rohan Jahagirdar

Digital Economy: India's Account Aggregator System Is Plagued by Privacy and Safety Issues

In the digital economy, data inequity adversely affects consumers in the financial sector, especially the ones limited by choices due to their geographic location and/or socioeconomic status. To tide over these problems, India introduced the account aggregator system in 2016, enabling financial institutions to access information of individuals in exchange for offering financial instruments. Despite the novelty and benefits that come with it, there have been issues surrounding privacy and safety of individual’s financial information.
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