Carbasket at Fintech Friday, Bengaluru
India’s fintech ecosystem is rapidly evolving, and credit inclusion remains one of its most critical challenges. The Fintech Friday session organised by the FinTech Centre of Excellence in collaboration with Sahamati brought this conversation to the forefront in Bengaluru.
Carbasket attended this insightful session, titled “Build Credit for the Next 100 Million Users with the Account Aggregator Framework”, featuring industry leaders Mazin Abdullah from CRED and Vaibhav Singhal from Slice.
The discussion offered practical perspectives on how technology, consent-driven data sharing, and regulatory frameworks can unlock credit access for millions of underserved users across India.
Understanding the Account Aggregator (AA) Framework
The Account Aggregator (AA) framework is a key pillar of India’s digital public infrastructure. It allows individuals and businesses to securely share their financial data across institutions — only with explicit consent.
During the session, speakers highlighted how AA enables:
- Faster and more accurate credit assessments
- Reduced dependency on traditional credit scores
- Inclusion of first-time borrowers and thin-file customers
- Secure, RBI-regulated data sharing
For fintechs, banks, and regulated businesses, the AA framework is not just a compliance requirement — it is a growth enabler.
Key Insights from CRED and Slice
🔹 Mazin Abdullah – CRED
Mazin shared how alternative financial signals and responsible data usage can help lenders better understand user behaviour. He emphasised that trust and transparency are foundational when building credit products at scale.
🔹 Vaibhav Singhal – Slice
Vaibhav spoke about designing credit systems for young and emerging users. He highlighted how the AA framework simplifies onboarding, improves underwriting accuracy, and supports responsible lending without friction.
Together, the session reinforced one clear message:
India’s next 100 million credit users will be onboarded through technology-led, consent-based financial systems.
Why This Matters to Carbasket
At Carbasket, vehicle scrapping is deeply connected to:
- Banking and payment systems
- COD-based resale settlements
- KYC, compliance, and audit-ready workflows
- Financial transparency across multiple stakeholders
As a pan-India vehicle scrapping aggregator and facilitator, Carbasket operates within a regulated ecosystem where secure financial data flow and compliance-first design are essential.
Insights from Fintech Friday directly align with how Carbasket:
- Enables transparent COD transactions
- Works with authorised scrappers nationwide
- Ensures compliance in RC deregistration and settlements
- Builds scalable systems across multiple Indian states
Understanding frameworks like Account Aggregator helps Carbasket stay future-ready as financial and regulatory systems continue to converge.
Bengaluru: Where Fintech Meets Regulation
Hosting this session in Bengaluru, India’s fintech capital, highlights the city’s role in shaping:
- Digital public infrastructure
- RegTech and compliance-led innovation
- Scalable fintech partnerships
Events like Fintech Friday create a shared learning ground for startups, enterprises, and facilitators like Carbasket to align with India’s digital and financial roadmap.
Carbasket’s Commitment to a Compliant Digital Future
Carbasket remains committed to:
- Responsible and compliant vehicle scrapping
- Transparent financial processes
- Technology-driven operations at scale
- Supporting India’s circular economy goals
By engaging with India’s fintech ecosystem, Carbasket continues to strengthen its operational backbone while delivering simple, trusted, and pan-India vehicle scrapping services.
♻️ Looking to Scrap Your Vehicle the Right Way?
Carbasket makes vehicle scrapping easy, compliant, and reliable across India.
👉 Authorised scrapper network
👉 RC deregistration assistance
👉 COD resale support
👉 Pan-India service coverage
Choose Carbasket for a smarter, compliant vehicle scrapping experience.
