Fintech stocks rally up to 11% after RBI enables NBFC account aggregator interoperability

Shares of fintech firms including Pine Labs, Moneyview and CAMS rose sharply following an RBI announcement on interoperability among NBFC account aggregators. The regulatory move will enable customers to share financial information across different account aggregators through a single account, without requiring fresh registration, subject to their consent.

The interoperability framework is expected to streamline digital financial services and improve customer experience by reducing friction in data sharing. Fintech stocks responded positively to the development, with gains reaching up to 11% amid expectations of expanded business opportunities.