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Depositories data on AA

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Attribution: Challiyan at Malayalam Wikipedia

24th August 2023

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Depositories data on AA

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AA Ecosystem Update

Use cases

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Schema details and demo

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Account Aggregator are RBI regulated NBFCs, introduced to data-empower the citizens through explicit consent based data sharing and digital data portability

Consent Managers: e.g. Account Aggregator

Consent Managers: e.g. Account Aggregator

Banks

Mutual Fund Houses/AMCs

Insurance Providers & NPS

GST Tax Returns

Cash Flow-Based Credit

Personal Finance Management

Wealth Management

Robo Advisors

Financial Information Providers

Financial Information Users

Consent Managers: e.g. Account Aggregator

3. Data Flows to FIUs End-to-End Encrypted

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1. Consent to share data

2. Request Data

through Open APIs

Personalised Insurance

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AA has successfully scaled up nationwide!

1.13 billion

Bank Accounts have the facility of AA

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17.51 million successful

Consent-based data sharing Transactions

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27% Monthly

Growth Rate

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Account Aggregator is enabled with cross sectoral data types

142 Financial Institutions live as FIUs

13 AMCs

86 Financial Institutions live as FIPs

GSTN

11 Life and 2 General Insurance Co

3 Pension CRAs

13 Private Sector Banks

12 Public Sector Banks

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RRBs, 2 SFBs, 1NBFC-D

2 Depositories,

  1. Deposits (Singly held savings a/cs & sole-prop current a/cs)
  2. Term Deposits
  3. Recurring Deposits
  4. Equity Shares (Demat)
  5. Exchange Traded Funds
  6. Mutual Funds Units (Physical)
  7. Insurance Policies
  8. Unit Linked Investment Plan
  9. Balances under National Pension System
  10. Goods and Services Tax Return (GSTR 1 & 3B)
  11. Systematic Investment Plan (Demat & Non Demat)
  12. AIFs (Demat)
  13. IDRs
  14. CIS
  15. InVIT

Already Live !

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AA has successfully scaled up across multiple use cases

142 Financial Institutions live as FIUs

2 Small Finance Banks

249 Financial Institutions live as FIUs

138 NBFCs/HFCs /Others

22 IRDA regulated entities

2 PFRDA regulated entities

37 SEBI regulated entities

12 Private Sector Banks

12 Public Sector Banks

24 RRBs

Consents Fulfilled through AA

60%

2%

38%

  • Pension Account Opening
  • Income estimation for Life Insurance Policy issuance
  • Demat Account Opening
  • Bank Account Verification
  • Personal Financial Management
  • To underwrite personal loan, home loan, auto loan, MSME loan, education loan
  • To monitor loan accounts post disbursal
  • Bank Account verification for onboarding

Exciting Live Use Cases!

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Operational Account Aggregators

In-Principle Approved Account Aggregators

RBI Licensed Account Aggregators

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Depositories data on AA

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AA Ecosystem Update

Use cases

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3.

Schema details and demo

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  • August has seen a spike in the number of demat accounts linked in the AA framework

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  • This data is specifically from 5 AAs

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Depository data as FIP

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CDSL and NSDL, both are live in the AA ecosystem

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  1. Deposits (Singly held savings a/cs & sole-prop current a/cs)
  2. Term Deposits
  3. Recurring Deposits
  4. Equity Shares (Demat)
  5. Exchange Traded Funds
  6. Mutual Funds Units (Physical)
  7. Insurance Policies
  8. Unit Linked Investment Plan
  9. Balances under National Pension System
  10. Goods and Services Tax Return (GSTR 1 & 3B)
  11. Systematic Investment Plan (Demat & Non Demat)
  12. AIFs (Demat)
  13. IDRs
  14. CIS
  15. InVIT

Data types through demat account

142 Financial Institutions live as FIUs

13 AMCs

86 Financial Institutions live as FIPs

GSTN

11 Life and 2 General Insurance Co

3 Pension CRAs

13 Private Sector Banks

12 Public Sector Banks

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RRBs, 2 SFBs, 1NBFC-D

2 Depositories,

Already Live !

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Depository data to enhance use cases

Use case

Advisory

(wealth management/RIA)

Lending

Insurance

Onboarding Profiling

Networth assessment

Networth assessment

Networth assessment and customers investment preferences

Underwriting and Risk Assessment

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Securities as collateral for loans

  • Loan against securities
  • Combo products: PL and loan against securities based term loans or credit limits
  • As an underwriting parameter for NTC

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360* view of the financial health (recurring data fetch)

Portfolio Rebalancing

Asset allocation

Goal tracking

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Analytics based on dematerialised data

Risk profiling tools using all data types, demat and other through AA.

Product baskets based on customer profile.

As an input in BREs (Business Rule Engines) for credit limit revision and EWS

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Depositories data on AA

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AA Ecosystem Update

Use cases

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3.

Schema details and demo

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9/1/2023

Central Depository Services (India) Limited

Depositories Data on AA

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Index

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  • About CDSL
  • Live AA’s
  • Live FI types
  • CAS and AA Data Comparison
  • Pre-Requisites
  • Process
  • Schema Details
  • Demo

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About Us

Growth

#1 Depository in India with the largest number of Demat accounts

First & Only Listed Depository in Asia Pacific region

73% Market share in terms of demat account opening

Reach

98% of pin codes

580+ DPs

20000+ DP locations

18200+ Live Companies

9 crores + demat accounts

Commencement of Business

1999

Start of our digital journey with launch of our services “easi” & “easiest”

2002-2004

2015

Crossed 10 million demat accounts

2017

Became the First Listed depository in Asia Pacific Region

2023

First depository in India to cross the milestone of 90 million demat accounts

As on July 31, 2023

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CDSL FIP – Live

  • In April 2023, CDSL Depository became the first SEBI regulated entity to "Go Live" as FIP.
  • As of August 2023, Live AA’s with CDSL:
  • CAMS Financial Information Services Pvt Ltd (CAMSfinserv)
  • Cookiejar Technologies Private Limited ( Products Titled Finvu )
  • CRIF Connect Private Limited
  • Dashboard Account Aggregation Services Private Limited (Product titled Saafe)
  • FinSec AA Solutions Private Limited (Product titled OneMoney)
  • NESL Asset Data Limited
  • Perfios Account Aggregation Services Pvt Ltd (Product titled Anumati)
  • Protean (formerly NSDL E-Governance Account Aggregator Limited) (Product titled Protean SurakshAA)
  • Unacores AA Solutions Private Limited (Product titled INK)
  • PhonePe Technology Services Private Limited

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CDSL FIP –FI Types

  • Live
  • Equity (EQ)
  • Mutual Fund (MF)
  • Exchange Traded Funds (ETF)
  • Alternative Investment Funds (AIF)
  • Units of Infrastructure Investment Trusts (INVIT)
  • Units of Real Estate Investment Trusts (REIT)
  • Indian Depository Receipts (IDR)
  • Collective Investment Schemes (CIS)

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  • Pending
  • Debentures
  • Bond

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�CDSL FIP– CAS and AA Data Comparison`�

Sr. No.

Aspects

CAS

AA

  1.  

Data Collection

Data from the depository and RTA (Mutual Fund) is combined in CAS.

AA provides Depository, RTA and other investment types data also.

2. 

Frequency/ Data Period

CAS is generated on a monthly basis.

AA ecosystem have an option of monthly/ yearly/data updated as of yesterday. Provides option to select from date range.

3.

Format

CAS is available in PDF and physical copy.

AA sends the data to FIU in electronic mode.

4.

Consent

CAS is sent to investor as process on a monthly basis.

AA provides real time data as and when needed and explicit consent is taken at the time of date fetched.

5. 

Financial Information

CAS has all the types financial information -Equity, Mutual Fund, REIT, GSEC etc.

AA currently does have all the FI types data like CAS except fixed income products, such as bonds, debentures etc. which are in progress. 

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CDSL FIP – Pre-Requisites

Customer has mobile number and PAN.

Customer to be registered with the AA.

Customer with holding in CDSL demat account With the same PAN and Mobile combination.

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�CDSL FIP–Process�

Customer Account Discovery - Customer registers on AA platform using Mobile + PAN registered in Demat accounts. He / She discovers his/hers CDSL account – FI Types.

Customer Account Linking - Customer links demat account - FI Type through OTP sent by CDSL FIP on AA platform.

Customer Consent Management - Customer to approve consent sent by FIU to their AA ID with consent parameters(consent validity, consent type, Financial Information Data Range, Purpose code etc.)

FI data fetch flow – FIU sends FI data request with consent ID to pull the data for below details :

Profile : Customer personal details of the user including Name, Mobile Number, PAN, Demat Account number, etc.

Summary : Portfolio Value, ISIN wise holdings for given FI type.

Transaction: Transaction history for the given period for the given FI type.

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CDSL FIP– Schema Details

PROFILE

    • Name
    • DOB
    • Mobile
    • Nominee Flag
    • Demat ID
    • Landline
    • Address
    • Email
    • Pan

SUMMARY

    • Current Value
    • Issuer name
    • ISIN
    • ISIN Description
    • Closing quantity
    • Close price /NAV
    • For Mutual Fund – AMC, Registrar, Lien Units, Lock in Units, NAV date.

TRANSACTION

    • Start & End Date
    • ISIN
    • ISIN Description
    • Company Name
    • Transaction Date
    • Type
    • Transacted Units
    • For Mutual Fund – AMC, Registrar, Lock in days, NAV date.

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CDSL FIP – Schema Excel

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CDSL FIP – Demo

AA-CDSL FIP

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CDSL FIP – Demo

Landing Page

Account Page

Consent Request

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CDSL FIP – Demo

Consent Approval

Consent Approval

Balance and Transaction

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CDSL FIP – Demo

Balance and Transaction

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Open for Discussion

info@sahamati.org.in

Thank you