Great scope for fintech co-operation between India, France: Nandan Nilekani

Billions of dollars were transferred through the cash transfer programme using the Aadhaar platform during the Covid-19 crisis directly into the bank accounts of vulnerable people

Nandan Nilekani, founding architect of Aadhaar and co-founder of Infosys, said on Friday that there is a big potential for India and France to collaborate on financial technology ideas including ‘account aggregator’ framework which manages consent for financial data sharing.
 

He said that in Europe, including France, there's a big discussion going on about how to empower people with data. This includes the revised Payment Services Directive (PSD2) which aims to further modernise Europe's payment services for the benefit of consumers and businesses.
 

“I think there's great scope for cooperation between France and India on some of these ‘account aggregator’