Saafe, operated by Dashboard Account Aggregation Services Pvt. Ltd., is an RBI-licensed Account Aggregator headquartered in Mumbai, Maharashtra. Incorporated in June 2016, the company received its NBFC-AA licence from the Reserve Bank of India on 5 October 2021. From the very beginning, Saafe was set up with the sole purpose of becoming an Account Aggregator. In its early years before licensing, the company focused on building the core platform, ensuring compliance with RBI guidelines, and working on pilot integrations with financial institutions.
An Account Aggregator is a framework introduced by the Reserve Bank of India (RBI) that allows users to share their financial data digitally and securely, with consent. Instead of manually submitting physical documents, users can give digital approval for data sharing in a fast, transparent, and safe manner.
Saafe provides Account Aggregator services under the RBI framework, giving individuals and businesses a secure way to link their financial accounts and share data digitally with consent. It acts as a neutral channel between Financial Information Providers (like banks, insurers, and mutual funds) and Financial Information Users (such as lenders and wealth managers), ensuring that data flows are encrypted, compliant, and fully controlled by the user.
This consent-driven process ensures data is always shared securely, with full transparency and control in the hands of the user.
Banks and NBFCs can integrate with Saafe to instantly receive verified financial data such as bank account statements and income history. This helps them assess creditworthiness more quickly and approve retail loans or credit cards with less paperwork.
Fintechs that provide digital lending or personal finance products can use Saafe as a compliant way to access user-authorized data from multiple banks. This creates smoother onboarding flows and reduces dependency on manual uploads.
Wealth and advisory platforms may also connect with Saafe to aggregate data from linked accounts, allowing them to offer users a consolidated view of their financial position.
Through these use cases, Saafe’s focus remains on enabling faster and safer consumer data flows that simplify lending and financial services.
Saafe comes into play whenever you need to share your financial information quickly and securely. If you are applying for a loan or credit card, instead of submitting paper statements, you can approve a digital consent request through Saafe and let the bank receive your verified data instantly. Institutions such as ICICI Prudential Life Insurance and Shriram Life Insurance already recognize Saafe as a trusted AA partner for secure data flows.
It is also useful when signing up for new fintech services. For example, digital lending or personal finance apps that partner with Saafe can pull your bank data directly with your approval, saving you from manually uploading documents.
Even for individuals who want transparency, Saafe provides a way to track all past consents in one place and revoke them whenever necessary. This makes routine financial interactions simpler, faster, and safer.
Saafe’s key strength lies in its single-purpose approach. From the time it was founded, the company has been dedicated only to building and operating as an Account Aggregator. This clarity of focus ensures neutrality, strict compliance with RBI guidelines, and a platform designed entirely around secure data sharing.
Another benefit is Saafe’s growing acceptance among regulated financial institutions. By positioning itself as a reliable and neutral utility, it has been able to establish credibility within the ecosystem. This makes it easier for banks, insurers, and fintechs to adopt Saafe as a trusted channel for managing consent-driven data flows.
For users, Saafe also emphasizes transparent consent management. Every request is clearly logged, and all active consents can be tracked or revoked at any time. This strong control, combined with its simple and secure design, reinforces Saafe’s positioning as a dependable platform for routine financial data sharing.
Within the Account Aggregator ecosystem, Saafe is notable for being a pure-play AA. While some players like Anumati and Finvu combine AA flows with additional offerings such as analytics or personal finance apps, Saafe has kept its scope tightly limited to consent-based data sharing. This focused approach makes it simpler and more utility-driven compared to peers that diversify into multiple services.
When compared to large network-oriented AAs like CAMSFinServ or government-backed NADL, Saafe does not carry the advantage of legacy infrastructure or public-sector credibility. However, its strength lies in its agility as a private player and in building a platform that emphasizes simplicity and security without additional complexity. This allows it to appeal to institutions that prefer a straightforward and compliant integration.
In terms of visibility, Saafe is still less widespread than first movers like OneMoney, but it is steadily establishing itself within the AA ecosystem. Its neutral stance, singular focus, and transparent processes position it as a practical alternative for both institutions and users looking for a safe and reliable Account Aggregator.
At present, Saafe has not publicly shared a detailed roadmap about its future plans. Unlike some larger Account Aggregators that have announced specific partnerships or ecosystem expansion goals, Saafe has kept its focus primarily on providing core AA services under the RBI framework.
Given this, it is reasonable to expect that its future will align with the broader Account Aggregator ecosystem in India. As more banks, insurers, pension funds, and investment platforms join the framework, Saafe will likely expand its coverage and improve its platform to stay compliant and user-friendly.
For now, Saafe’s direction remains tied to the overall growth of the AA network, and any concrete details on its upcoming initiatives will depend on future announcements by the company.
Saafe is an RBI-licensed Account Aggregator operated by Dashboard Account Aggregation Services Pvt. Ltd. It helps users share their financial data securely and only with consent.
Saafe received its NBFC-AA licence from the Reserve Bank of India on 5 October 2021.
Saafe focuses only on Account Aggregator services. It allows individuals and businesses to link their financial accounts and share data digitally with banks, insurers, and fintechs.
No. Saafe does not store or read your data. It only acts as a regulated channel to transfer encrypted information between financial institutions with your consent.
Users can access Saafe through its app or web portal, where they can link accounts, approve or revoke consents, and monitor their data-sharing history.
Yes. SMEs can use Saafe to share financial records and transaction data with lenders. This helps in accessing loans and other financial products more easily.
Saafe is a pure-play AA, created solely for consent-based data sharing. Unlike some peers that also offer analytics or personal finance tools, Saafe stays focused only on being a secure and neutral AA platform.
Saafe has established itself as a focused Account Aggregator in India’s digital finance ecosystem. Unlike players that evolved from fintech or analytics backgrounds, it was built from the ground up solely to function as an AA. This single-purpose approach gives it neutrality, simplicity, and compliance as its defining strengths, making it a reliable choice for institutions and users looking for a secure consent-based data-sharing platform.
Looking ahead, Saafe’s growth will likely follow the overall expansion of the Account Aggregator network. As more banks, insurers, and investment platforms join the ecosystem, Saafe will continue to serve as a straightforward and trustworthy utility for digital data sharing. With its clear emphasis on transparency and user control, it is well positioned to play a steady role in India’s journey toward fully digital and paperless financial services.
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