ScoreMe Account Aggregator : Services, How it Works, Use Cases and Benefits

Scoreme Account Aggregation Solutions Pvt. Ltd., operating under the brand ScoreMe AA, is an Account Aggregator headquartered in New Delhi. It is promoted by Scoreme Solutions Pvt. Ltd., a fintech firm known for its AI-driven credit risk and data analytics expertise, which provides a strong technology base for its AA operations.  This article explores how Scoreme AA works, the range of services it offers, and the benefits it brings to both users and financial institutions.

Overview of Scoreme Account Aggregator and its Services

Aspect	ScoreMe Account Aggregator Overview
Parent Organization	Operated by Scoreme Account Aggregation Solutions Pvt. Ltd., promoted by Scoreme Solutions Pvt. Ltd., a fintech firm specializing in AI-driven credit risk and data analytics.
Headquarters	New Delhi, India
Incorporation & License	Incorporated in August 2021 and received its NBFC-AA license from the Reserve Bank of India in January 2023.
Core Services	Consent-based financial data sharing across banks, NBFCs, insurers, and fintech platforms under the RBI’s AA framework.
Target Users	Banks, NBFCs, fintechs, insurers, investment platforms, and individual consumers seeking secure and reliable financial data exchange.
Differentiator	Backed by Scoreme Solutions’ expertise in AI-driven credit risk and analytics, giving it a strong technology foundation for innovative AA operations.
Use Cases	Loan processing, credit risk assessment, digital onboarding, income verification, and financial data analytics-driven integrations.
Market Position	A relatively new AA player leveraging fintech and AI expertise to differentiate itself in India’s growing Account Aggregator ecosystem.

What is Account Aggregator?

An Account Aggregator is a framework introduced by the Reserve Bank of India (RBI). It allows users to share their financial data digitally and securely, with consent. Instead of uploading documents or statements, users can grant access through a simple and secure process. If you want to learn more Account Aggregator we have made a comprehensive guide.

Services Offered by ScoreMe Account Aggregator

For Consumers

ScoreMe AA enables individuals to securely share their financial data only with their consent. It acts as a regulated, RBI-approved channel that ensures data is always encrypted, never stored, and shared only with trusted institutions.

For Financial Information Providers (FIPs)

Banks, insurers, mutual funds, and pension funds can use ScoreMe AA’s APIs and infrastructure to share customer data in a consent-driven and compliant way. This allows them to participate in the AA ecosystem while meeting regulatory requirements.

For Financial Information Users (FIUs)

Lenders, NBFCs, and fintechs receive verified financial data directly from FIPs once the customer has given explicit consent. This data can then be applied to credit assessment, underwriting, and other financial decision-making processes.

How ScoreMe Account Aggregator Works

ScoreMe AA follows a consent-based process that is simple for users and secure for financial institutions. The main steps are:

1. A user applies for a loan, credit card or financial product on an app or website
2. The app requests financial data like bank statements through ScoreMe AA
3. A consent screen appears, showing:
   • What data will be shared
   • For what purpose
   • For how long
4. The user selects the accounts to link, enters the OTP and approves the request
5. Setu AA fetches the data from FIP and delivers it securely to the requesting app (FIU)
6. The user can revoke access anytime, stopping further data sharing instantly

Benefits of Using ScoreMe Account Aggregator

Credit Analytics Expertise

ScoreMe AA’s biggest strength is its foundation in credit analytics. As a subsidiary of ScoreMe Solutions, which specializes in AI-driven risk assessment, it brings strong expertise in turning raw data into actionable insights. This makes the platform especially valuable for lenders and fintechs focused on smarter credit decision-making.

Focused on the AA Framework

ScoreMe AA is built purely for the RBI’s Account Aggregator framework without consumer-facing distractions. By concentrating on secure, consent-driven data transfer between financial institutions, it delivers a compliant, focused, and efficient backbone for digital data sharing.

Institutional-First Design

With its institutional-first approach, banks, NBFCs, and fintechs can integrate ScoreMe AA into their workflows to replace manual data collection with verified financial data. This not only speeds up lending and onboarding but also reduces errors and strengthens trust in financial decision-making.

ScoreMe Account Aggregator vs Other Account Aggregators (OneMoney, CAMSFinServ, NADL)

Factor	ScoreMe AA	OneMoney	CAMSFinServ	NADL (NeSL)
Network Coverage	Part of Scoreme Solutions headquartered in Delhi and the number FIPs live is not available	Headquartered in Hyderabad they the highest FIPs live 88	Part of MF registrar CAMS, they are Headquartered in Chennai and 61 FIPs live with them	Government-backed via NeSL, they are Headquartered in Mumbai and 60 FIPs are live with them
Data Handling	Institution-focused it does not offer consumer-facing tools, instead emphasizing secure, compliant data flows between FIPs and FIUs.	Provides encrypted real-time data with APIs and SDKs for decision insights.	Primarily compliance-focused, handling financial data with high security and oversight.	Acts as statutory repository of verified financial data with government oversight.
Role & Flexibility	Purely focused on serving financial institutions; narrower scope than peers but agile in delivering institution-ready solutions.	Helps NBFCs for credit risk assessment, with multiple data points	Natural fit for traditional institutions like banks, insurers, and asset managers.	Utility role, high trust but less flexibility for custom solutions.
Differentiators	Backed by Scoreme Solutions’ expertise in credit analytics, aligning it with lenders and fintechs needing accurate underwriting data; distinct from peers emphasizing consumer features.	First AA in India and with the highest number FIPs onboarded 88	Trusted financial record-keeper,  compliance-first with decades of credibility	Government credibility, high adoption among many institutions players.

Future Roadmap of ScoreMe Account Aggregator

Short Term

• Strengthen encryption and decryption systems
• Ensure smooth and reliable data flow
• Educate more users about Account Aggregators and onboard more institutions

Mid Term

• Expand coverage for individuals and businesses

Long Term

• Start a new business of SMEs with services focused on them
• Make it easier for lenders to provide credit with better data integration
• Use TSP integration for financial analysis

FAQs on ScoreMe Account Aggregator

1. What is ScoreMe Account Aggregator?

   ScoreMe AA is an RBI-licensed Account Aggregator operated by Scoreme Account Aggregation Solutions Pvt. Ltd., headquartered in New Delhi. It enables secure, consent-driven sharing of financial data.

2. When did ScoreMe AA receive its licence?

   ScoreMe AA received its NBFC-AA licence from the Reserve Bank of India in January 2023.

3. Who promotes ScoreMe AA?

   ScoreMe AA is promoted by Scoreme Solutions Pvt. Ltd., a fintech company known for AI-driven credit risk assessment and analytics.

4. Does ScoreMe AA have a consumer app?

   No, ScoreMe AA does not provide a consumer-facing app. Its services are focused on institutional integrations for FIPs and FIUs.

5. What services does ScoreMe AA provide?

   ScoreMe AA provides secure data transfer between financial institutions. It enables banks, insurers, mutual funds, and pension providers (FIPs) to share data with lenders, NBFCs, and fintechs (FIUs) based on user consent.

6. How is ScoreMe AA different from other Account Aggregators?

   ScoreMe AA is unique because of its strong background in credit analytics through its promoter. This makes it particularly aligned with institutions looking to improve underwriting and risk management.

7. Can small businesses benefit from ScoreMe AA?

   Yes. SMEs can allow their transaction data to be shared with lenders via ScoreMe AA, making it easier to access loans and credit products.

8. What is ScoreMe AA focusing on in the future?

   The roadmap includes expanding coverage of financial institutions, scaling its API infrastructure, and deepening adoption among lenders and fintechs.

9. Does ScoreMe AA work for NRIs?

   Yes. NRIs with Indian bank accounts can use ScoreMe AA to share data with institutions, provided their banks are live on the AA network.

ScoreMe AA, promoted by Scoreme Solutions Pvt. Ltd., has entered the Account Aggregator ecosystem as one of the newer licensed players. With its foundation in credit analytics and focus on secure institutional integrations, it delivers a streamlined and compliant platform for consent-driven financial data sharing. Its design avoids consumer-facing distractions and concentrates on enabling FIPs and FIUs to adopt the AA framework effectively.

Looking ahead, ScoreMe AA is expected to deepen its role in supporting lenders and fintechs with smarter underwriting, broader financial institution coverage, and scalable infrastructure. By combining the regulatory safeguards of the AA framework with its promoter’s expertise in credit risk assessment, ScoreMe AA is positioned to contribute meaningfully to India’s transition toward faster, data-driven, and more transparent financial services.