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The framework that enables open access to bank transaction data with user consent for financial services is called ________.
Answer: Account Aggregator
Account Aggregator (AA) ecosystem enables consent-based sharing of financial data between institutions. Users control data sharing via AA apps. FIPs (banks, mutual funds) provide data; FIUs (lenders, wealth apps) consume for personalized services. Reduces documentation, speeds up credit decisions, and promotes competition in financial services.