Anumati: Delivering Measurable Business Impact. Today

Srikanth Rajagopalan

Updated on May 11, 2023

If you’re a financial institution serving retail or SME customers, you’ve probably seen and heard a lot of buzz around Account Aggregation. As a Financial Information User (FIU), you would have heard about the promise of inclusivity. About the potential to transform lending. About being ready for upcoming privacy legislation.

What you’re probably not sure of is the ROI you can expect in the short term. Specifically,

  1. What business impact can I expect if I go live today?
  2. Why now, and why not later?
  3. What does it take to get started?

This post seeks to answer (1) and (2). In a future blogpost, we will answer (3)

Anumati has been operational for over a year now. We serve over fifty lenders, insurers, and other financial institutions. These clients range from the biggest and oldest banks – both public- and private- sector, as well as smaller NBFCs.

These clients in turn serve a diverse set of customers:

  • digitally savvy self-service customers like us, as well as the much larger segment of “do it for me” customers who prefer to interact in person. Anumati has solutions for both sets of customers.
  • first time borrowers with “no- or thin- files” as well as borrowers with mature credit histories
  • borrowers seeking short-term unsecured credit as well as e.g. long-term home loans


Across such a diverse set of clients, customers, and use cases, Anumati is delivering measurable outcomes. TODAY

  • Over 30% month-on-month improvement in loan disbursals
  • ZERO document / data fraud: data is fetched straight from FIP systems
  • 65% + reduction in operating costs


FIUs are convinced and are working on a systematic, sustained program to shift consumers away from uploading physical documents to driving the adoption of Anumati as a secure, scalable, and future-ready data sharing mechanism. In some early adopters, over half their data fetches have already moved from PDF statement uploads to AA data fetches.

Why now, why not later?

The common myth today is that Anumati is merely another channel to fetch bank statements in addition to PDF uploads or collecting physical statements through say a business correspondent. And therefore, the decision to adopt Anumati is down to simple parameters of cost and performance.

You couldn’t be further from the truth.

Already, Anumati is live with XX insurers, CDSL for depository data. Final testing and validation is ongoing to add NSDL, CAMS and KFintech as FIPs, as well as GSTN as FIPs. In about a month, we expect to see a quantum leap in the scope and scale of data available through Anumati. Instead of having separate integrations into these data pools, asking customers to upload each of them one-by-one, and then figuring out how to synchronise and analyse these data, you only need one data pipe: Anumati. Instead of dealing with the non-value-added heavy lifting of fetching and cleaning data, you can now focus on what matters – making sense of the data and delighting your customers in ways hitherto unimaginable.

Customers will vote with their data. They will choose FIUs who make life easy for them and understand their needs uniquely. Early-adopter FIUs will experiment and learn faster, and the benefits of early innovation will compound rapidly as the AA ecosystem scales.

The question is this: do you want to lead this transformation, or scramble to play catch up when the industry has already got momentum?

Anumati: Your Data. Your Consent. Your Benefit.

To Know More, Contact Us

Author Name: Srikanth Rajagopalan

Designation: CEO, Perfios Account Aggregation Services Pvt. Ltd.

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