Which of the following best describes the 'Account Aggregator' (AA) framework in India?
Correct: B
The Account Aggregator (AA) framework is a financial data-sharing system regulated by the Reserve Bank of India (RBI). It allows individuals to securely and digitally access and share their financial data from various financial institutions (like banks, mutual funds, insurance) with third-party service providers (like wealth managers, lenders) with their explicit consent. This aims to empower individuals with control over their financial data.