The Work Index by Flexa

OneMoney AA

OneMoney is India's first account aggregator, licensed by the Reserve Bank of India, that empowers citizens with control over their financial data and enables financial institutions to share and receive consumer data safely.

https://www.onemoney.in/
4.7

/10

Transparency ranking

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Description

OneMoney is India's first Account Aggregator, licensed by the Reserve Bank of India (RBI). The company focuses on empowering citizens with control over their financial data by enabling them to securely share and receive their data with financial institutions of their choosing. OneMoney is committed to promoting data democracy, ensuring that individuals have the right to govern the usage of their own financial information while financial institutions are held accountable for respecting the terms of data usage.

OneMoney accomplishes this through its innovative platform that allows users to manage their consents and control data sharing. They offer user-friendly native apps and responsive web apps for individuals, while providing APIs and SDKs for financial institutions to integrate with their systems. OneMoney prioritizes privacy and security, ensuring that customer banking credentials and financial data are never stored or viewed on their servers. All data sharing is encrypted end-to-end, upholding the highest standards of data protection.

Mission

OneMoney is India's first Account Aggregator, licensed by the Reserve Bank of India. Their mission is to empower citizens with control over their financial data and enable financial institutions to safely share and receive consumer data. They believe in data democracy, where both individuals and enterprises benefit from responsible data governance and consent-based sharing. Their focus is on building user-friendly tools and APIs that promote privacy and security, while facilitating a more efficient and transparent financial ecosystem.

Data-driven
Disruptor
Social impact led
Tech for good

Culture

OneMoney promotes a culture of data democracy, empowering individuals to control their financial data while enabling financial institutions to safely share and receive consumer information. The company is committed to building a sustainable, trust-based data-sharing ecosystem that benefits both citizens and enterprises. This focus on transparency, security, and user-centricity is reflected in their privacy-first approach to technology development and their commitment to building a robust, secure, and compliant data network.

DE&I

OneMoney AA is committed to fostering Data Democracy, which extends to building a diverse and inclusive workplace. This commitment is evident in their advisory board, which features individuals with diverse backgrounds and expertise, and their parent company FinTech's focus on creating a "Privacy-Positive" environment for all stakeholders. While specific diversity initiatives are not explicitly mentioned, the emphasis on data governance and empowerment suggests an underlying value of inclusivity and equitable access to information and opportunities.

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