Setu gets in-principle RBI nod to operate as an account aggregator

Agya Technology, a subsidiary of Pine Labs-owned fintech platform Setu, has received in-principle approval from the Reserve Bank of India to operate as an account aggregator (AA). The approval came on July 4. This will allow Setu to launch its own AA platform. AAs are non-banking financial companies that enable sharing and access to data between financial institutions.