Anumati Account Aggregator: Services, How it Works, Use Cases and Benefits

Anumati is the RBI licensed Account Aggregator operated by Perfios Account Aggregation Services Pvt. Ltd. in Bengaluru, Karnataka. Incorporated in 2018, the company first focused on digital tools that helped banks and NBFCs analyze financial data like bank statements, tax records, and income proofs. In September 2021, it received its NBFC-AA license from the Reserve Bank of India to operate as an Account Aggregator.

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.

Services Offered by Anumati Account Aggregator

• Account Aggregator Services: Enables secure and consent-based sharing of financial data across banks, insurance, pensions, and investments, following RBI’s AA framework.
• Data Analysis for Lenders: Uses account information to provide structured insights on income, spending, and cash flow, helping institutions with credit assessment.
• Consent Management: Provides clear tools for users to view, approve, or revoke data requests at any time.
• Personal Finance App: Offers its own Anumati mobile app where users can link accounts, track balances, and view all their financial data in one place, making it work as a Personal Finance Manager (PFM).

By combining regulated AA services with data insights and its own PFM app, Anumati extends its role from a backend data utility to a platform that both individuals and institutions can actively use.

How Anumati Account Aggregator Works ?

• A financial platform such as a bank, NBFC, or fintech requests specific financial information through Anumati.
• The user is shown a consent screen that explains what data is being asked for, why it is needed, and how long access will last.
• The user selects the accounts they want to share and confirms consent using OTP.
• Anumati fetches the requested data directly from the financial institutions and delivers it securely to the requesting platform.
• Users can log in to the Anumati app at any time to see their active consents and revoke access instantly if they choose.

This consent-driven process ensures data is always shared securely, with full transparency and control in the hands of the user.

Use Cases of Anumati Account Aggregator for Fintechs

• Credit and Loan Processing: Lenders such as Axis Bank, HDFC Bank, and ICICI Bank use Anumati to access verified bank and income data. This helps them evaluate creditworthiness and approve loans faster without relying on manual paperwork.
• Wealth and Investment Platforms: Investment apps and advisors can integrate Anumati to pull data from multiple institutions including banks and mutual fund platforms, giving users a single view of their portfolio and financial health.
• SME Lending: Banks and NBFCs that lend to small businesses can rely on Anumati to securely receive transaction and cash flow data. For example, lenders using Anumati’s AA flow can extend working capital loans or invoice financing based on real-time account activity.
• Personal Finance Tools: The Anumati app itself acts as a PFM tool by letting users link accounts and track balances, while other fintech apps can also integrate with Anumati to provide budgeting, expense tracking, and savings insights.

Through these use cases, Anumati shows its reach across major banks, SME lenders, wealth platforms, and consumer-facing finance apps.

Benefits of Using Anumati Aggregator

Anumati is among the largest AA in India, with one of the widest networks of banks and financial institutions as partners. This strong coverage means individuals and small businesses can connect most of their accounts in one place, while institutions gain access to a broader set of verified data for credit and investment use cases.

It also builds on years of Perfios’ experience in financial data analysis. Because of this background, Anumati can deliver structured insights from bank statements, tax data, and cash flows that help lenders make better credit decisions. This capability goes beyond simply passing data from one place to another.

In addition to operating as an AA, Anumati also acts as a Technical Service Provider (TSP). This allows banks and NBFCs to plug AA flows directly into their lending and investment products, supporting use cases such as cash flow based loans, instant digital disbursals, and smoother credit journeys.

Comparison with Other Account Aggregators

Anumati is often seen as one of the most widely connected AA in India. While many AAs provide similar consent-based data sharing, Anumati’s strength lies in the size of its network, covering a large share of banks and financial institutions. This gives it broader reach than several other players.

It is also viewed as different because of its roots in financial data analysis through Perfios. This background allows it to support lenders with more structured insights compared to AAs that only pass raw data.

Another distinction is Anumati’s dual role as both an Account Aggregator and a Technical Service Provider. This makes it easier for banks and NBFCs to adopt AA in real lending and investment products without building everything on their own.

Together, these factors make Anumati stand out as one of the most established and widely adopted AAs in the country.

Future Roadmap of Anumati Account Aggregator

• Broader coverage of financial institutions: Expand links beyond banks to include insurers, mutual fund platforms, pension providers, and GST data so users get a more complete financial view.
• Support for MSMEs: Enable cash-flow based loans and faster digital disbursals for small businesses by combining AA data with its role as a Technical Service Provider.
• End-to-end financial journeys: Move from one-time data sharing to ongoing use cases like repayment monitoring, mandate renewals, and portfolio management.
• Simpler user experience: Improve the Anumati app to make account linking and consent management easier for everyday users.
• User education and awareness: Invest in efforts to help people understand how consent-based data sharing works and why it is safe.
• Scaling with ecosystem growth: Strengthen integrations with banks and fintechs to handle rising adoption and higher data volumes across sectors.

FAQs on Anumati Account Aggregator

1. What is Anumati?

   Anumati is an RBI licensed Account Aggregator operated by Perfios Account Aggregation Services Pvt. Ltd. It lets users share their financial data securely and only with consent.

2. When did Anumati receive its license?

   Anumati received its NBFC-AA license from the Reserve Bank of India in September 2021.

3. What services does Anumati provide?

   Anumati allows consent-based sharing of bank, insurance, pension, and investment data. It also provides tools for income and cash flow analysis, consent management, and a mobile app for personal finance tracking.

4. How is Anumati different from other Account Aggregators?

   Anumati is among the largest AAs in India in terms of coverage. It also has its own mobile app for users and works as a Technical Service Provider (TSP), helping banks and NBFCs build lending and investment products.

5. Does Anumati store my data?

   No. Anumati does not store your financial data. It only acts as a secure channel to transfer information between institutions with your permission.

6. Where might I see Anumati in use?

   You may see Anumati when applying for a loan or credit card with banks such as Axis Bank, HDFC Bank, or ICICI Bank, or while using the Anumati mobile app to track your own accounts.

7. What is Anumati focusing on in the future?

   Anumati plans to expand its coverage to more financial institutions, improve its app experience, support SME lending, and help spread awareness of secure, consent-based data sharing.

8. Does Anumati work with GST data for businesses?

   Yes, Anumati supports sharing of GST-linked data for small businesses, which helps lenders verify cash flow and repayment ability.

9. Is Anumati the largest Account Aggregator in India?

   Anumati is among the largest AAs in India, with one of the widest networks of banks, insurers, and investment platforms already connected.

10. Can NRIs use Anumati for their accounts in India?

    Yes, NRIs with Indian bank accounts and investments can use Anumati to link and share financial data just like resident users, subject to bank support.

Anumati has grown into one of the leading Account Aggregators in India, with strong coverage across banks, insurers, and investment platforms. Backed by years of experience in financial data analysis through Perfios, it brings together regulated AA services, a personal finance app, and technical service provider capabilities for institutions. This mix makes it stand out from most other AAs that only act as data-sharing bridges.

Looking ahead, Anumati is well positioned to support faster lending, wider SME credit access, and more personalized financial services. With its focus on network growth, user-friendly design, and secure consent-based data sharing, it is set to play an important role in India’s shift toward fully digital and transparent financial journeys.