SecMark Consultancy Approves ₹15 Crore Account Aggregator Venture

BANKINGFINANCE
Whalesbook Corporate News Logo
AuthorVihaan Mehta|Published at:
SecMark Consultancy Approves ₹15 Crore Account Aggregator Venture
Overview

SecMark Consultancy Ltd's board has approved investing up to ₹15 crore to launch an Account Aggregator (NBFC-AA) business. This strategic move aims to expand its presence in India's digital finance sector, subject to RBI approvals.

Instant Stock Alerts on WhatsApp

Used by 10,000+ active investors

1

Add Stocks

Select the stocks you want to track in real time.

2

Get Alerts on WhatsApp

Receive instant updates directly to WhatsApp.

  • ✓Quarterly Results
  • ✓Concall Announcements
  • ✓New Orders & Big Deals
  • ✓Capex Announcements
  • ✓Bulk Deals
  • ✦And much more
Add StocksGet it on Google PlayDownload on the App Store

SecMark Consultancy Board Backs ₹15 Crore Account Aggregator Venture

SecMark Consultancy Ltd's board has approved a proposal to invest up to ₹15 crore into a new venture. The strategic move, dated May 13, 2026, aims to establish and operate an Account Aggregator (NBFC-AA) business.

Board Approves New Venture

SecMark Consultancy Limited's board of directors has approved a strategic investment. The company plans to invest up to ₹15 crore into a new entity for launching and operating a Non-Banking Financial Company - Account Aggregator (NBFC-AA) business. The proposal received board approval on May 13, 2026, marking its entry into the digital financial services sector.

Strategic Rationale

This move diversifies SecMark Consultancy into a key part of India's digital financial infrastructure. Account Aggregators facilitate consent-based data sharing for financial services. This presence positions the company to tap into the expanding digital finance market.

Company Background

SecMark Consultancy has experience in financial advisory and capital markets. This background offers insight into regulatory and financial operations. The company is now applying this expertise to a more digitally focused, regulated service.

Key Changes

  • Entering the regulated Account Aggregator (NBFC-AA) business.
  • Expanding SecMark Consultancy's presence in digital financial services.
  • Diversifying beyond traditional advisory and merchant banking.
  • Securing necessary licenses, including from the RBI.

Regulatory Hurdles

The main risk is obtaining necessary regulatory approvals and licenses. Without Reserve Bank of India (RBI) approval, the venture's launch could be stalled or prevented.

Competitive Landscape

Companies like Finvu, a subsidiary of 5Paisa Capital, already operate as NBFC-AAs. Finvu enables consent-driven financial data sharing, a model SecMark aims for. CAMS provides technology platforms for financial data aggregation.

Next Steps

  • Confirmation of all required RBI and other regulatory approvals.
  • Details on the new entity's structure (subsidiary or JV).
  • The timeline for launching the NBFC-AA business and its initial services.
  • SecMark Consultancy's strategic partnerships or technology providers.

Get stock alerts instantly on WhatsApp

Quarterly results, bulk deals, concall updates and major announcements delivered in real time.

Add Stocks
Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.