💹 Fintech & Capital Markets · Sequence
Account Aggregator Consent Flow
How a lender gets a customer's bank statements through India's Account Aggregator network: consent request, approval in the AA app, and encrypted data sharing.
Drawing diagram…
What this diagram shows
- The customer approves exactly which data, for how long and for what purpose
- Data travels encrypted and the aggregator cannot read it
- Consent can be revoked at any time
Prompt used
Account Aggregator flow: the lender (FIU) creates a consent request for 12 months of bank statements and sends it to the Account Aggregator. The customer opens the AA app, sees the purpose and duration and approves. The AA asks the customer's bank (FIP) for the data; the bank sends encrypted statements through the AA to the lender, who decrypts and analyses them.
Mermaid code
sequenceDiagram participant FIU as Lender (FIU) participant AA as Account Aggregator actor C as Customer participant FIP as Customer's Bank (FIP) FIU->>AA: Consent request - 12 months statements, loan underwriting AA->>C: Show request in AA app C->>AA: Approve consent AA-->>FIU: Consent approved FIU->>AA: Request data under consent AA->>FIP: Fetch statements FIP-->>AA: Encrypted statements AA-->>FIU: Encrypted statements FIU->>FIU: Decrypt and analyse income C->>AA: Revoke consent later
Related templates
Digital Lending Platform
A digital lending app that takes a loan application from KYC to disbursal in minutes, using credit bureau data, bank statement analysis and e-mandates for repayment.
Buy Now Pay Later Checkout
How a Buy Now Pay Later option decides at checkout whether to approve a shopper and splits the purchase into instalments.
Stock Order Lifecycle
The states of a stock market order in a broking app, from placement through exchange matching to partial and full fills.
Stock Broking Platform
Where a stock broking platform runs: low-latency order systems co-located near the exchange, and customer apps and back office in the cloud.
Loan Management Database Schema
Tables for a loan book: borrowers, loan products, loans, repayment schedules, payments and collection actions.
Mutual Fund SIP Purchase Sequence
How a monthly SIP in a mutual fund works behind an investment app: mandate debit, order to the exchange platform, NAV allotment and units credited.