Finovac is a new kind of Personal Finance Management(PFM) & Digital advisory platform based on Account aggregator where an user can make data driven sound financial decisions and can achieve good financial status.
account aggregator(AA) ecosystem.
Basically, AA ecosystem has three participants:
- Financial Information User(FIU)– An entity which uses user’s data to provide them better products & services.
- Financial Information Provider(FIP)– An entity which holds the user’s data and provide that data to FIPs only after user’s content.
- Account Aggregator(AA)– These are RBI registered NBFCs which will deliver data from FIPs to FIUs through secure channels.
How it Works?
Being part of Account Aggregator ecosystem, which enables easy and secure exchange of data for customer’s benefit, to render our services we need to keep in mind the privacy & security of user’s data for that reason we will be regulated by Regulators.
Here, we will act as Financial Information User(FIU). We will receive digitally signed data from Financial Information Providers (FIP) via Account Aggregators. We will use that data to provide our services.
Here "User is the owner of data"
Our mision
Who We Are?
"to empower people by helping them to become financially healthy with their financial data for better future."
Our mission is to make every user financially sound and provide them a platform which fulfills every financial requirement that leads to Financial Freedom.