CART — Credit Intelligence

Account Aggregator
Enablement Platform

Unlock the full potential of India's Account Aggregator ecosystem. CART connects lenders to consented, real-time financial data from banks, insurance companies, and investment accounts — enabling richer credit decisioning without manual document collection.

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RBI Framework Compliant

Real-Time

Consented Data Access

60%+

Faster KYC & Onboarding

40+

FIP Integrations

The Problem

Why Existing Approaches Fall Short

Manual processes, fragmented tools, and legacy systems create compounding inefficiencies that limit speed, accuracy, and risk visibility.

Manual Document Collection Slows Onboarding

Lenders request physical bank statements, salary slips, and ITR documents — adding 3–7 days to onboarding and creating friction for borrowers.

Document Tampering and Forgery Risk

Manually submitted statements and PDFs are vulnerable to manipulation. Lenders have limited ability to verify authenticity at scale.

Incomplete Financial Picture at Origination

Borrowers often have accounts across multiple banks and financial institutions. Piecemeal document collection misses significant income sources and liabilities.

Regulatory Push Towards Consent-Based Data

RBI's Account Aggregator framework mandates a shift towards digital, consented data flows — institutions not adopting it risk falling behind on compliance and borrower experience.

Why Traditional Data Collection Fails

Physical bank statement collection adds days to TAT

PDF tampering and format inconsistencies

No visibility into accounts at other banks

Borrower frustration from repeated document requests

No real-time data update post-consent

Missing FD, insurance, and investment data in credit assessment

How It Works

How CART Enables the Account Aggregator Framework

A complete AA integration layer that connects lenders to consented financial data across the entire FIP ecosystem.

Step 01

Consent Request Initiation

CART generates a digital consent request that the borrower approves on their AA app — specifying the data types, period, and purpose.

Step 02

Multi-FIP Data Retrieval

Once consent is granted, CART fetches financial data from all consented Financial Information Providers — banks, NBFCs, insurance, depositories, and MF RTAs.

Step 03

Data Normalization & Enrichment

Raw FIP data is normalized, deduplicated, and enriched — creating a unified financial profile from multiple institutions.

Step 04

Credit Analysis & Scoring

CART applies its AI credit intelligence engine to AA data — computing income, obligations, net worth, and creditworthiness scores.

Step 05

LOS Integration & Decisioning

Enriched AA data flows directly into underwriting workflows, CAM generation, and credit decisioning engines.

Step 06

Ongoing Monitoring via Recurring Consent

Recurring consent configurations allow lenders to receive updated financial data throughout the loan lifecycle for monitoring purposes.

Key Capabilities

Core AA Enablement Capabilities

End-to-end Account Aggregator integration with intelligent analysis and workflow connectivity.

AA Consent Journey Management

White-labeled consent request flows with borrower-friendly UX, consent tracking dashboard, and revocation management.

Multi-FIP Data Aggregation

Retrieve data from 40+ FIPs including all major banks, insurance companies, mutual fund RTAs, depositories, and pension funds.

Real-Time Bank Account Analysis

Process live transaction feeds from AA with the same intelligence engine used for PDF bank statement analysis — income, EMIs, cash flow.

Investment & Asset Data

Aggregate mutual fund holdings, demat account data, FD details, and insurance policy values from consented accounts.

Income & Obligation Mapping

Automatically map income sources, recurring obligations, and financial commitments across all consented FIP data.

Recurring Consent for Monitoring

Set up periodic data refresh via recurring consents to monitor borrower financial health through the loan lifecycle.

Data Encryption & Compliance

End-to-end encrypted data flows compliant with RBI AA framework guidelines, with full consent audit trail.

API-First Integration

RESTful APIs for seamless LOS and workflow integration — no manual intervention required in the data flow.

Consent Dashboard & Analytics

Operations dashboard for tracking consent status, expiry alerts, FIP data availability, and workflow triggers.

Business Impact

Measurable Outcomes for Your Institution

Our customers report consistent improvements across turnaround time, accuracy, operational efficiency, and risk management.

60%

Faster Onboarding

Digital consent replaces manual document collection, reducing onboarding from days to hours

Document Forgery Risk

AA-sourced data is authenticated at source — eliminating tampered statement risk

3×

Richer Data Profile

Access to data across multiple FIPs provides a comprehensive financial picture vs. single-bank view

40%

Lower Credit Risk

Comprehensive multi-institution data significantly improves credit assessment accuracy

Who It's For

Built for the Teams That Matter Most

Designed with input from practitioners across credit, risk, operations, compliance, and technology functions.

Retail Lending Teams

Eliminate friction from salaried and self-employed loan onboarding by replacing manual document collection with digital AA consent.

MSME Credit Teams

Access multi-bank transaction data for small businesses whose financial activity spans multiple bank accounts.

Credit Risk Managers

Get a complete, tamper-proof financial picture of borrowers at origination and throughout the loan lifecycle.

Digital Lending Platforms

Build fully digital lending journeys that leverage AA for instant, consented financial data access.

Compliance Officers

Ensure RBI AA framework compliance with full consent audit trails, data purpose specification, and revocation management.

Technology & Integration Teams

Integrate AA capabilities into existing LOS and workflow systems via CART's clean RESTful API layer.

Use Cases

Real Scenarios. Practical Results.

How financial institutions apply this solution across their business operations.

Use Case 01

Instant Personal Loan Pre-Approval

Use AA data to assess salaried borrowers' income, existing EMIs, and creditworthiness in real-time — enabling pre-approval within minutes of application.

Personal LoansSalariedDigital Lending

Use Case 02

MSME Multi-Bank Cash Flow Assessment

Retrieve and analyze transaction data from all business accounts a small business operates — across PSU banks, private banks, and co-operative banks.

MSMECash FlowMultiple Banks

Use Case 03

NTC Borrower Thin File Assessment

Build credit profiles for borrowers with no bureau history by analyzing savings account patterns, insurance FDs, and investment data via AA.

New-to-CreditAlternative DataInclusion

Use Case 04

Wealth Manager Client Onboarding

Pull client's complete investment portfolio, existing insurance coverage, and asset summary via AA consent for comprehensive wealth advisory.

Wealth ManagementClient OnboardingInvestment

Use Case 05

Recurring Borrower Health Monitoring

Use recurring consents to monitor existing borrowers' financial patterns and generate early warning signals when income or spending changes adversely.

Portfolio MonitoringEWSRecurring Consent

Use Case 06

Home Loan Eligibility Assessment

Assess home loan eligibility by aggregating income across multiple accounts, existing loan obligations, and investment assets.

Home LoansHFCsBanks

Explore Connected Capabilities

These solutions work alongside this one to deliver a more complete, end-to-end workflow for your institution.

FAQs

Frequently Asked Questions

What is the Account Aggregator framework and how does CART enable it?

The Account Aggregator (AA) framework, established by RBI, enables individuals and businesses to share their financial data across institutions in a consented, encrypted, and standardized manner. CART provides the complete integration layer — consent management, multi-FIP data retrieval, normalization, and credit analysis — allowing lenders to operationalize the AA framework without building in-house infrastructure.

Which Financial Information Providers (FIPs) does CART support?

CART supports 40+ FIPs including all major scheduled commercial banks, NBFCs, insurance companies (life and general), mutual fund RTAs (CAMS, KFintech), depositories (CDSL, NSDL), and pension funds (NPS). The FIP list is expanded as new institutions join the AA ecosystem.

Is borrower consent mandatory for every data access request?

Yes. The AA framework is fundamentally consent-based. CART initiates a consent request that the borrower explicitly approves on their AA-registered app. CART never accesses FIP data without valid, active consent, and consent metadata (purpose, duration, data types) is fully auditable.

How does AA data integrate with our existing LOS?

CART exposes RESTful APIs that deliver normalized, structured AA data directly to your LOS or underwriting workflow. The integration is asynchronous — CART handles the consent lifecycle and data retrieval, and delivers enriched outputs when data is available.

Can the AA consent be set up for recurring data access?

Yes. CART supports recurring consent configurations where borrowers grant permission for periodic data access — for example, monthly updates during the loan tenure. This enables ongoing portfolio monitoring without requesting fresh consent each time.

What happens if a borrower revokes consent?

CART's consent management layer handles revocations gracefully — stopping data access immediately, notifying relevant workflows, and updating the consent audit trail. Lenders can configure downstream actions for consent revocation scenarios.

Account AggregatorEnablement Platform