![RBI provides in-principle approval to Cygnet RBI provides in-principle approval to Cygnet](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcouf_60XlOh8b26nq3y5hyGPKaIbl7j34lrbCXpYBLOdVNJ3oSZreJyxW4qEg6HyojG9C4_ZchkdMmdwJhlu_z0r3jF_OU4Aj0yjK7h9lP5JEYHj3pJxI48vln8rkuUdhhcnwfXpr-M6kWDC4gHSLUc6tI7PUV6CL6yNBurA5Om2Psh1lAmHLBAnZ5w/w320-h218-rw/RBI%20provides.jpg)
- NBFC Account Aggregator is one of the largest open financing data-sharing protocols regulated by RBI.
- It also facilitates financial institutions to easily access the consumers’ consent-based financial data.
- It allows users to instantly share their financial data with various financial institutions, digitally and securely.
- It will facilitate small and medium businesses.
- They will be offered better credit facilities.
- Meanwhile, banks and other financial institutions will have an opportunity to widen their lending portfolio.
Question:
Q.1 Which fintech firm has received RBI’s In-principle approval to operate as NBFC Account Aggregator?
a. Lendingkart
b. Moneytap
c. Cygnet
d. Pine Labs
a. Lendingkart
b. Moneytap
c. Cygnet
d. Pine Labs