SecMark Consultancy Expands into Digital Finance with ₹15 Crore Account Aggregator Plan

SecMark Consultancy Ltd's board has approved investing up to ₹15 crore to establish and operate a new Account Aggregator (NBFC-AA) business. This move, formally approved on May 13, 2026, aims to build the company's presence within India's digital financial services ecosystem. The venture is contingent on securing necessary approvals from the Reserve Bank of India (RBI).

Why This Venture Matters

Establishing an NBFC-AA license allows SecMark Consultancy to play a key role in India's financial data infrastructure. Account Aggregators facilitate consent-based sharing of financial information, which powers various digital services for consumers and businesses. This strategic diversification positions the company to benefit from the continued growth in digital finance.

Company Background

With existing expertise in financial advisory and investment banking, SecMark Consultancy possesses a foundational understanding of capital markets and regulatory operations. The company is leveraging this background to enter a more digitally focused, regulated service area.

Key Impacts and Regulatory Steps

This initiative marks a significant diversification beyond the company's traditional advisory and merchant banking services. A critical step will be obtaining all required licenses and compliances, particularly from the RBI. Failure to secure these approvals could prevent the business from launching.

Industry Peers

Other firms are already active in this space. Finvu, a subsidiary of 5Paisa Capital, operates an NBFC-AA license, enabling consent-driven sharing of financial data. CAMS also provides essential technology platforms for financial data aggregation services.

What to Watch Next

Investors will monitor the progress of securing the necessary regulatory approvals from the RBI. Further details on the structure of the new subsidiary or joint venture, the timeline for operations, and any strategic partnerships will be important developments.