Nilekani calls for expanding Account Aggregators
Infosys co-founder Nandan Nilekani addressed the need to broaden the use of Account Aggregators at the SamvAAd 2026-India Open Finance Summit. He emphasized extending the framework beyond salaried individuals to include self-employed individuals and gig workers like street vendors. Nilekani believes that by incorporating additional sources of financial data, lenders can evaluate individuals without significant assets.
He suggested combining GST data, income-tax returns, and bank account information for cash-flow-based lending. Nilekani also proposed expanding the range of financial information accessible through Account Aggregators, such as income-tax returns, EPFO records, small-savings schemes, FASTag data, and utility bill payments. He stressed the importance of creating a sustainable business model for Account Aggregators and allowing data providers to be compensated.
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