Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

NRI-focused Fintech startup secures $5 million in seed funding from Elevation Capital

July 12, 2025

Top three semiconductor stocks worth buying right now

July 12, 2025

Ramp Ai Finance Automation introduces solutions to streamline operations.

July 11, 2025

HSBC assists German fintech Re: entry into the UK market with $169.2 million investment.

July 11, 2025
Facebook X (Twitter) Instagram
Trending
  • NRI-focused Fintech startup secures $5 million in seed funding from Elevation Capital
  • Top three semiconductor stocks worth buying right now
  • Ramp Ai Finance Automation introduces solutions to streamline operations.
  • HSBC assists German fintech Re: entry into the UK market with $169.2 million investment.
  • How the financial director of Hewlett Packard Enterprise leverages agentic AI to influence finance and his everyday activities
  • New Zealand fintech startups must demonstrate viability in the domestic market before exploring export opportunities, according to a VC firm.
  • St. Luke’s reduces costs by $13,000 for each clinician through ambient AI technology.
  • Nigerian fintech Lemfi expands its operations in Egypt
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025

    Fintech Company Pine Labs Submits Documents to SEBI for IPO Fundraising

    July 4, 2025

    British Fintech Zilch Seeking International Tender Opportunities

    July 4, 2025

    Fintech Company Pine Labs Submits IPO Documents to SEBI for Fundraising, According to Reports

    June 26, 2025

    Breaking News: Initial lineup of demonstrations revealed for FinovateFall 2025

    June 12, 2025
  • AI

    Top three semiconductor stocks worth buying right now

    July 12, 2025

    Ramp Ai Finance Automation introduces solutions to streamline operations.

    July 11, 2025

    How the financial director of Hewlett Packard Enterprise leverages agentic AI to influence finance and his everyday activities

    July 11, 2025

    St. Luke’s reduces costs by $13,000 for each clinician through ambient AI technology.

    July 11, 2025

    Long-term partnership between Omilia and Connex drives innovation in conversational AI for financial institutions.

    July 11, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Market size, share, trends, and business profiles in the Fintech industry

    July 10, 2025

    Overview of the FINCH 2025 Market and Participant Profiles

    July 5, 2025

    Key Trends and Focus Areas in Fintech Payments for 2025

    June 22, 2025

    Overview of the Singapore Fintech Market: Market Size, Trends, and Growth Potential

    June 18, 2025

    Southeast Asia’s Fintech Market: Size, Trends, and Growth Potential

    June 13, 2025
  • Insights

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025

    Finance Magnates Reports: XBO Designated as Top Cryptocurrency Payment Gateway. XBO’s core principles of trust and simplicity align with cutting-edge solutions, providing customers access to an award-winning crypto payment option. 16 hours ago

    June 26, 2025
  • Rumors

    Ant International refutes partnership with Circle in the Stablecoin market competition.

    July 11, 2025

    Meta Eyes 14b AI Investment, Bulsh Seeks IPO and Additional Speculation

    July 10, 2025

    Blackrock XRP ETF Speculation Ignites Interest in the Crypto Market

    July 9, 2025

    PayTM’s Share Price Drops by 10%: Understanding MDR and the Call from FinTech Companies for Government Action.

    July 5, 2025

    PayTM restricts 10% amid rumors of government cancellation of MDR – Is the expansion of UPI in India becoming a challenge for fintech companies? More details here.

    July 2, 2025
  • Startups

    NRI-focused Fintech startup secures $5 million in seed funding from Elevation Capital

    July 12, 2025

    HSBC assists German fintech Re: entry into the UK market with $169.2 million investment.

    July 11, 2025

    New Zealand fintech startups must demonstrate viability in the domestic market before exploring export opportunities, according to a VC firm.

    July 11, 2025

    Nigerian fintech Lemfi expands its operations in Egypt

    July 11, 2025

    Fintech startup catering to NRIs secures $5 million seed funding led by Elevation Capital.

    July 11, 2025
  • finjobsly
fintechbits
Home » Stellaris’ Ritesh Banglani is optimistic that Fintechs will leverage the AA framework to drive growth – StartupNews.fyi
Startup News

Stellaris’ Ritesh Banglani is optimistic that Fintechs will leverage the AA framework to drive growth – StartupNews.fyi

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Default Social Share Image.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link
SUMMARY

The next fintech success story in India is likely to be scripted by startups leveraging the account aggregation framework, according to Ritesh Banglani, co-founder and managing partner of Stellaris Venture Partners.

Speaking at Inc42’s MoneyX 2024 event, Banglani said he is optimistic about fintech startups leveraging the account aggregation framework to create new products and business models.

“Most venture capital firms currently invest in regulated fintech entities or entities operating in sectors where the path to regulation is clear,” he said.

In the Indian fintech space, the next success story is likely to be startups leveraging the account aggregation framework, according to Ritesh Banglani, co-founder and managing partner of Stellaris Venture Partners.

Speaking at Inc42’s MoneyX 2024 event, Banglani said he was optimistic about fintech startups using the account aggregation framework to create new products and business models, as the Indian sector Digital payments continue to flourish, driven by initiatives such as the Unified Payments Service (UPI).

“Most venture capital firms currently invest in regulated fintech entities or entities operating in sectors where the path to regulation is clear,” he added.

It is pertinent to note that the Reserve Bank of India (RBI) launched the account aggregation framework in 2019 to facilitate the flow of credit to micro, small and medium enterprises (MSMEs) and enable individuals to share their information personal financial services with financial institutions seamlessly and digitally.

According to a report, the total number of successful consents on AA framework crossed 100 million as of August 15, 2024. It also states that 80-90 million people use AA, which is 8% of India’s adult population .

In her Budget 2024-25 speech, Finance Minister Nirmala Sitharaman also proposals for large-scale DPI applications for the credit sector, as well as e-commerce, education, logistics, among others.

This comes at the heart of RBI Governor Shaktikanta Das’ remarks that initiatives such as the AA framework, the Unified Lending Interface (ULI) and the Open Credit Enablement Network (OCEN) would help redefine the access to credit, particularly for small businesses and individuals.

In a bid to provide further impetus to India’s digital infrastructure, RBI is also plans to launch “Unified Lending Interface” provide credit to rural and small businesses. The platform will address significant unmet credit demand across various sectors, particularly for agricultural borrowers and MSMEs.

Addressing the RBI@90 global conference on ‘Digital Public Infrastructure and Emerging Technologies’ last month, the central bank chief said the RBI piloted the ULI last year and a pan-India launch would take place “in due course”.

“Just like the Unified Payments Interface (UPI) transformed the payments ecosystem, we expect the ULI to play a similar role in transforming the lending space in India,” the governor said then of the RBI.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NRI-focused Fintech startup secures $5 million in seed funding from Elevation Capital

July 12, 2025

HSBC assists German fintech Re: entry into the UK market with $169.2 million investment.

July 11, 2025

New Zealand fintech startups must demonstrate viability in the domestic market before exploring export opportunities, according to a VC firm.

July 11, 2025
Leave A Reply Cancel Reply

Latest news

NRI-focused Fintech startup secures $5 million in seed funding from Elevation Capital

July 12, 2025

Top three semiconductor stocks worth buying right now

July 12, 2025

Ramp Ai Finance Automation introduces solutions to streamline operations.

July 11, 2025
News
  • AI in Finance (1,350)
  • Breaking News (155)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (290)
  • Market Insights (191)
  • Market Rumors (244)
  • Regulatory Updates (150)
  • Startup News (910)
  • Technology Innovations (154)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,350)
  • Breaking News (155)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (290)
  • Market Insights (191)
  • Market Rumors (244)
  • Regulatory Updates (150)
  • Startup News (910)
  • Technology Innovations (154)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.