The AA ecosystem enables consumers to share data that lenders can trust , but so does DigiLocker . The advantage of DigiLocker is that consumers can also get a copy of their own data , something that AA doesn’t enable . AA’s avoid large centralised information stores , but that comes a cost - each FIP has to provide the same information on tap, that adds to the processing cost. From an FIU’s perspective the failure rates are higher , the AA & the FIU both contribute to failure rates , DigiLocker will have a single failure point for historical data .
Akhilesh Kataria’s Post
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