Tag: API

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Banking by API: Legal Ownership, Consent and Market Power in India’s Open Banking Framework

2026-01-02

Introduction India’s Fintech ecosystem now operates like an extension of the traditional banking infrastructure. Financial data is not independently generated by apps like CRED, Groww, Zerodha, PhonePe, and many account-aggregator-enabled sites. On the contrary, they rely on ongoing, permission-based access via Application Programming Interfaces (“APIs”) to users’ bank-held data. The said architectural system has enabled…

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