Fego.ai is a provider of open banking APIs which allow businesses to connect with the financial accounts of their customers leveraging the Account Aggregator framework, build specific use-cases, and personalize user engagement.
Credit gap in India is huge with penetration still less than 5% due to the presence of data silos and lack of formal transaction history. Govt. launched the Account Aggregator framework which collates all financial data in one place and enables the owner to share it with 3rd parties facilitating various use-cases. Fego is leveraging this framework to empower multiple use-cases for non-fintech companies aimed at increasing customer engagement and retention.