The Reserve Bank of India has launched a Unified Lending Interface (ULI), functioning as an API gateway to standardize data access for loan lifecycle decisioning. This development simplifies integration for Indian fintechs by providing a single contract for various data sources, reducing the complexity of managing multiple bilateral integrations, which is relevant for those building lending platforms or utilizing similar data aggregation approaches. Companies should prioritize robust consent and data management infrastructure from the outset, given ULI’s reliance on external compliance and the evolving data-service catalog.
Read the full article at DEV Community
Want to create content about this topic? Use Nemati AI tools to generate articles, social posts, and more.
