No financial information of the customer is to be retrieved, shared, or transferred without the explicit consent of the customer. The other tenets of this open banking initiatives in India are – financial data integrity, security & confidentiality, robust IT governance & controls, and strong customer protection & grievance redressal mechanism.
Further, in order to facilitate seamless movement of data & consent-based sharing of financial information in the AA ecosystem, a set of core technical specifications have been framed by 2/5  BIS central bankers' speeches  Reserve Bank Information Technology Private Limited (ReBIT), a wholly-owned subsidiary of the RBI for adoption by all regulated entities, acting either as Financial Information Providers (FIP) or Financial Information Users (FIU) in November 2019.