Cred to help customers track bank accounts
Cred is launching a new offering called Cred Money for users to manage bank accounts.
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The company, whose eponymous flagship product helps customers manage their credit card usage, said Cred Money would allow users to have a unified view of all their bank accounts and their balances. It will be available to select users starting Thursday.
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“An affluent Cred user makes close to 200 transactions per month across various UPI, net banking, subscriptions, investment apps and so on… this is an attempt at making those decisions easier to make and track,” said Akshay Aedula, head of product at Cred.
Cred will work with Reserve Bank-licensed account aggregators Finvu and CAMS to offer the services on Cred Money, founder Kunal Shah told ET.
Under RBI rules, account aggregators act as an intermediary by collecting data from financial information providers that hold the customer’s financial data and sharing that
