Sahamati Strengthens Leadership to Propel India's Account Aggregator Ecosystem

Sahamati, the industry alliance spearheading the evolution of India's Account Aggregator ecosystem, has announced the appointment of former RBI Deputy Governor Rama Subramaniam Gandhi as its non-executive chairman. This leadership change is strategically timed to bolster the growth and institutionalization of the ecosystem.

Further strengthening the board, Sahamati has welcomed Nandkumar Saravade, Monika Halan, and Suraj Moraje as independent directors. Additionally, representatives from key financial institutions like State Bank of India and ICICI Bank have been nominated to the board.

As the adoption of the Account Aggregator model accelerates in sectors such as banking and wealth management, these appointments underscore the growing significance of consent-based financial data sharing in India's digital infrastructure, paving the way for robust governance and scaling of the ecosystem.

(With inputs from agencies.)