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#FIU onboarding and go live

To be onboarded on the Account Aggregator ecosystem as an FIU (Financial information User), entities must undergo certification as laid out by Sahamati (Central registry for Account Aggregator ecosystem participants).


#Certification by Sahamati

Certification by Sahamati is done as a part of onboarding, in order to—

  • Ensure FIUs adhere to technical standards prescribed by ReBIT (RBI’s technical wing)
  • Ensure all AAs, FIUs and FIPs are interoperable
  • Build trust amongst participants of the AA ecosystem as well as end users

Setu, as a Technical Service Provider (TSP), absorbs the certification complexity and completes the onboarding process on behalf of the FIU. To complete the certification, Setu has partnered with Aujas, who is a Sahamati empanelled certifier.



#FIU onboarding checklist

Here’s a checklist for a regulated and licensed entity to become an FIU in the AA ecosystem. Setu helps you get onboarded on the Central Registry, taking away compliance and certification complexity.

StepPurposeProcess ownerRemarks
Submission of FIU's licenseTo be shared with Sahamati to establish eligibility to become an FIUFIU to share this with Setu. Setu then shares this with Sahamati as part of our certification process.
Customer experience guidelines checklistTo serve as a common reference for all AA ecosystem participants, with respect to the dos and don'ts of Customer experience designSetu shares this with Sahamati on the FIU’s behalf
Legal adherence guidelines checklistTo examine and verify the legal boundaries around the roles of each party, particularly with respect to data privacy protection principles, against a set of principles that the AA committee has decidedSetu shares this with Sahamati on the FIU’s behalf
FIU certificationTo ensure interoperability and adherence to technical standards specified by ReBIT. Read more here. Setu completes the certification process on FIU’s behalf in partnership with Aujas
Central registry onboardingTo be discoverable by other entities in the ecosystem such as AAs and FIPsSetu shares the necessary payload to get the FIU onboarded on the Central Registry
Customer journey demoTo demonstrate the customer journey of approving a consentFIU's consent flow gets reviewed

#Become an FIU with Setu

Setu can help you become an FIU and participate in the Account Aggregator ecosystem.


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