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On paper this sounds great.

In reality I suspect they've created an extremely rich single digital target whose security isn't up to snuff if Aadhar is any indication, and the entire country is about to have an unintentional experiment with completely open finances.



It's not single. Eight Account Aggregators are already approved. Go through the technical architecture for better understanding.

https://sahamati.org.in/account-aggregators-in-india/




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