Account Aggregator 2.0


Here are the Winners!

Congratulations Winners!

Glad to announce the winners of the
Global Hackathon - Account Aggregator 2.0.

Position Name
Winner      BharatID
First Runner-up      Vitto
Second Runner-up                     Amazon Pay

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#protean #aa #accountaggregator

Be a part of next data revolution
  • Start Registration

  • Proposal Submission

  • Shortlisting Finalists

  • Solution Submission

  • Winner Announcement

All timings are as per (GMT +5:30) Bombay, Calcutta, Madras, New Delhi
Organized By

About Us

Protean eGov Technologies Ltd (previously NSDL e-Governance Infrastructure Ltd) is a pioneer and leader in creating Digital Public Infrastructure. Since its inception 28 years ago, Protean has relentlessly pursued the vision of being a globally trusted builder of population-scale eGovernance technology that improves ease of doing business, promotes financial & social inclusion and ease of living for citizens.

Protean is credited with building the modern Digital Tax Infrastructure and ushering in digitalisation of tax payment and collection for 1.4 Bn Indians. Today, Protean serves as the largest service provider for India’s Digital Tax Identity - PAN Cards, having issued 421 Mn million Tax ID’s till date. Protean further evolved and diversified to bring Govt’s vision of securing pension for every citizen to life. Protean built India’s first Digital Pension Infrastructure and serves as India’s largest Central Record-keeping Agency (CRA) for the National Pension System (NPS) & the exclusive Central Record Keeping Agency for Atal Pension Yojana (APY) - a govt-backed pension scheme for the unorganised sector, serving a total of 59 Mn citizens and counting.  With one of the largest network of facilitation centres, Protean serves India’s Digital Stack by adopting a differentiated service framework through an end-to-end assisted model.

Problem Statements

The "Account Aggregator 2.0" hackathon aims to bring together developers, designers, entrepreneurs, and industry experts to develop innovative solutions that can improve the capabilities and adoption of the Account Aggregator (AA) framework.

The goal is to develop innovative solutions that can help individuals and businesses effectively manage their finances, provide accurate and reliable credit scoring models, simplify the process of accessing government schemes, and increase awareness and adoption of the Account Aggregator ecosystem.

Participants in the hackathon will have the opportunity to work on a variety of challenges related to the AA ecosystem, including improving security and privacy, enhancing user experience, building new products and services, promoting adoption, leveraging data analytics, and promoting collaboration and networking. Solutions will be judged based on innovation, feasibility, impact, and usability, with top solutions will be recognised, and participants can receive support to further develop and implement solutions.

The hackathon will provide participants with access to mentors, experts, and resources to help them develop and refine their solutions. The hackathon will provide an opportunity for participants to network with industry experts, learn about new technologies and trends, and showcase their skills and ideas.

Affordable Financial Health Management solutions catering to a larger population

Personal Finance & Investment management can be daunting for many people. Develop a solution that uses account aggregator data to provide affordable finance management and personalised investment recommendations and insights. 

Leveraging on data from AA sources to arrive at spending habits, savings, investments, and risk tolerance to provide personalised investment advice and other features that help users make more informed decisions

Problem Statement: Most people struggle with managing their personal/business finances effectively, leading to unnecessary debt, financial stress, lack of savings, suboptimal investment decisions, missed opportunities and wasted resources. Additionally, advisory services in the complex investment world caters only to premium segment.

Efficient delivery of Government schemes

Build solution to use AA data like income data, GST data and investment data to
provide Govt. Schemes in more efficient and faster manner with secure and instant data sharing using Account Aggregators

Problem Statement: Individuals & SMEs eligible for various Government schemes such as old age pension, farm subsidy, production linked incentives etc. have to go to many middleman/Block offices to avail these and share data in unsecured manner .

Efficient Scoring Models to provide more accurate and predictive credit scoring & risk indicators

Develop a new scoring model that uses account aggregator data to provide more accurate and predictive scoring for providing access to credit and assessing further behaviour. Similar models can be created for efficient delivery of insurance, investment services. This could include leveraging data such as income, savings, investments, and alternate data sources.

Problem Statement: Traditional scoring models for credit delivery and monitoring rely on limited data sources, which can result in inaccurate and unreliable scoring. This can make it challenging for people with thin credit files to access credit, or for lenders to accurately assess risk and further to continuously reassess same

Increase awareness and adoption of AA ecosystem and drive higher engagement

Develop innovative solutions that increase awareness, adoption, and usage of the AA ecosystem to unlock its full potential for users and businesses alike. This could include leveraging data and creating interactive experience, gamification and other innovative solutions. Assisted models is another option which can be
considered with the above or stand alone.

Problem Statement: While the Account Aggregator ecosystem has the potential to revolutionise the way financial data is shared and utilised, adoption  and usage of this new technology remain low. Reasons include a lack of awareness among potential users, concerns about data privacy and security, and a lack of user-friendly interfaces and tools that make it easy to share and utilise financial data.


Exciting cash prize to be won* upto Rs 5,00,000 and a chance* to collaborate and work with Protean eGov Technologies!

A winner from each theme would win a cash prize of up to Rs.5,00,000 and an opportunity to work with Protean eGov Technologies


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Rajesh Bansal

Chief Executive Officer - Reserve Bank Innovation Hub

A highly regarded thought leader in the areas of digital financial services and digital infrastructure, Mr. Bansal has nearly three decades of global experience in designing digital IDs, electronic payment products, and cash transfers, to enable inclusive development in multiple Asian and African markets. Prior to joining RBIH, he was a senior adviser at Carnegie India, where he led the center’s Technology and Society program.
Mr Bansal has previously served at the Reserve Bank of India (RBI) in various capacities, including in areas of technology, payment systems, and financial inclusion. He is one of the key architects of India’s journey from cash to cash-lite by actively promoting policies, strengthening institutions, governance frameworks, and designing new products and solutions for scale and adoption.

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Nitin Chugh

DMD & Head (Digital Banking & transformation) - State Bank of India

Nitin Chugh is a seasoned banker and a digital banking expert with an experience of nearly 3 decades. Prior to joining SBI he was serving Ujjivan Small Finance Bank as MD & CEO. He also had a long and impactful stint of 18 years at HDFC Bank where he managed several leadership roles in retail banking.
Apart from a Postgraduate degree in Management, Nitin holds a B.Tech degree in Electrical and Computer Science from NIT, Kurukshetra.

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Abhishek Singh

President & CEO, National eGovernance Division

Shri Abhishek Singh is a career Civil Servant with 27 years of experience of governance and policy formulation. He specialises in use of Technology for improving Governance.

In his role as President & CEO, National eGovernance Division and MD&CEO of Digital India Corporation, he leads major Digital India Initiatives including projects in the field of Artificial Intelligence & Emerging Technologies.

He is also CEO of Karmayogi Bharat – a Government Company tasked with building a tech platform for Capacity Building of all Civil Servants.

He has done Masters in Public Administration from Harvard Kennedy School of Government. He is also an alumnus of IIT Kanpur.

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Suresh Sethi

Managing Director & CEO at Protean eGov Technologies

Suresh has over three decades of diversified global experience in the financial services industry. He is currently the Managing Director & CEO of Protean eGov Technologies Ltd. (formerly NSDL e-Governance Infrastructure Ltd.). In his last role as the Founder CEO & MD of India Post Payments Bank, he is credited with creating the largest inter-operable banking infrastructure for public good at scale. With over 190,000 Postal employees providing Doorstep Banking Services to customers of ANY BANK, India Post Payments Bank has scaled up the rural banking network by almost 2.5 times across India. This assisted last mile network, built on the pillars of Aadhaar and India Stack, can potentially bring customers, who do not even possess a mobile phone, into the fold of formal financial economy by the simple use of their fingerprints.

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T Koshy

Managing Director & CEO, Open Network for Digital Commerce

T Koshy is the MD and Chief Executive Officer of ONDC the company established recently with an objective to
strengthen and transform the ecommerce sector in India with a broad-based participation from both buyers and sellers across the country.

He has a unique distinction of playing key roles in multiple transformation projects involving digital solutions to population scale problems.

Prior to assuming this role,T Koshy served as the Senior Partner with Ernst & Young (India) in the Government & Public Sector Practice, leading consulting practice in Identity & Social Protection, Digital Service Delivery, Health, Education and Public Finance.


1. An entity or individuals who are of age eighteen years and above and are eligible to enter into a contractual agreement.

2. Participants from all backgrounds and geographies are welcome, albeit knowledge about the Indian financial services market and consumers is preferred.

3. Participants must fully complete the registration and proposal submission process. 

Media Centre

Protean provides a simple, end-to-end encrypted and quick platform to share financial data to only those you approve


Who can apply?

This global challenge invites individuals (18 years and above) and enterprises, including startups, from all over the world to participate. It is particularly suitable for enterprises with existing solutions that can be piloted with minimal additional development and integration efforts. However, solutions at any stage of development that are relevant and have a significant impact will be considered.

Does solution need to focus exclusively on one problem statement and can solution be submitted for multiple problem statements?

You can apply for more than 1 problem statement. However, the same participant cannot have two entries for one theme. Also, You are welcome to design a solution that targets multiple problem statements, as long as it addresses the needs covered by the problem statements and has a unique proposition with a feasible business model to achieve the desired goals. We are looking for innovative solutions that effectively tackle the challenges faced by the Account Aggregator ecosystem.

What will be the Format of event?

Applications for the hackathon will be exclusively accepted through the APIX platform. The event will take place in three phases: Registration and Proposal Submission, Proposal Shortlisting and Sandbox access, Solution Development and Submission, and Winner announcement. Protean will evaluate the most promising ideas for the second phase, during which participants will need to submit a functional solution, running code, or prototype on the APIX platform. If necessary, mentors, technical experts, and regulatory advisors will provide support to develop demo-able products. The winners will be selected based on their product pitch and demo, which will be held towards the end of the program, from the shortlisted solutions.

Confidentiality of the information shared

The information submitted by applicants through the online application will only be shared with the relevant event and evaluation teams on a need-to-know basis. We will retain the information for audit purposes after the program ends and will only share it with an external party after obtaining explicit permission from the applicant or authorized team member.

Will there be mentorship available during the hackathon?

Yes, there will be mentorship and guidance available throughout the hackathon to help participants build their solutions.

What stage my fintech be at if I want to apply?

This hackathon is open to fintechs in early to mid-stage development, including seed stage, raising/raised funds, or in the process of scaling.

Where can we reach out for further questions?

For technical queries during registration or proposal submission process, please reach out to For other queries, write to us at


For Account Aggregator 2.0 related queries, please reach out to

For technical queries during registration or proposal submission process, please reach out to