We’re excited to introduce an improved experience for our networth feature. We now give users increased control over their money by providing a holistic view of their finances across all banks participating in the Account Aggregator ecosystem.
Note: If this doesn’t show up for you yet, you’ll see it in a few weeks.
So what’s account aggregator? (AA)
Account aggregators provide an unprecedented opportunity for Indian’s to get a complete view of their money and simplify applications for loans. At Jupiter we want to leverage this opportunity by proving to users that we can do more with their data than their current bank(s). Further, AA data can be viewed as the source of truth for bank balance, FD/RD and transactions data. We will leverage the AA framework to power our money management products - Networth, Insights and transactions tracking.
AA being the next big thing
This opens a lot of avenues for people - slowly they can start tracking other assets & liabilities once more financial information users join into the Networth.
Check this too - https://sahamati.org.in/
So let’s have a look at it
As you can see, the design has been changed for some screens and you can see other bank accounts tab on the top bar.
Post linking, it gives you the transaction and spending insights.
Here’s the list of banks that are supported for the AA framework. We will be adding more.
So what do you think about the AA concept? Let us know below!