Tally Solutions Launches Account Aggregator Services to Enhance Financial Access for MSMEs

Tally Solutions: India's trusted compliance expert for 30 years. A tech and innovation firm, committed to SMB business management software.

Introducing TallyEdge, their in-house startup, designed for businesses and individuals seeking a secure and efficient way to share financial information with regulated institutions. TallyEdge caters to a range of users, including those interested in sharing financial details with wealth managers and entities regulated by RBI, SEBI, PFRDA, IRDA.

Tally Solutions introduced Tally Account Aggregator Services Pvt. Ltd. and TallyEdge to help small businesses get loans easily. TallyEdge gathers financial info from banks and others, letting financial institutions make smart lending choices for small businesses.

"At Tally, we have been working on our Account Aggregator solution TallyEdge, with the underlying premise of making users the masters of their data," stated Tejas Goenka, Managing Director of Tally Solutions.

Tally Solutions' startup venture, TallyEdge, addresses key challenges faced by MSMEs by offering specific features.

Addressing the MSME Credit Gap

The launch of TallyEdge marks a significant step towards addressing the long-standing issue of limited formal credit access for MSMEs. By providing a secure and streamlined platform for data consolidation and sharing, TallyEdge is empowering MSMEs to access the financial resources they need to thrive.

"Historically, we have had a large MSME reach and have unique insights on their business processes," Goenka explained. "This gives us a unique positioning to help with credit access, which requires multiple data points, and explore how one-click loan disbursements could be made possible."

Ensuring Data Security and User Control

TallyEdge adheres to the highest standards of data security and privacy, operating under the framework of an NBFC-AA license. End-to-end data encryption, digital signatures, and user-controlled data sharing mechanisms safeguard sensitive financial information, ensuring that businesses remain the masters of their data.

Expanding Financial Inclusion for MSMEs

TallyEdge plans to partner and work closely with banks, NBFCs, GSTN, insurance companies, payment banks, and other stakeholders to ensure that Indian MSMEs and individuals can effortlessly consolidate and share their financial information with FIUs in a simple, secure, and efficient manner.

A Comprehensive Solution for MSMEs

In addition to its core functionality, TallyEdge will offer multiple access modes, including an app, web service, and API plug-ins, catering to diverse user preferences and technical capabilities. This flexibility empowers businesses to choose the most convenient and suitable method for accessing and managing their financial data.

TallyEdge's launch marks a significant milestone in the journey towards financial inclusion for MSMEs in India. By providing a secure, user-friendly, and comprehensive platform for data consolidation and sharing, TallyEdge is empowering MSMEs to access the financial resources they need to drive economic growth and prosperity.

TallyEdge is designed for:

🎯 Businesses or individuals looking to share digital financial information with regulated institutions for specific purposes.

🎯 Individuals who want to share financial details with wealth managers.

🎯 Entities regulated by RBI, SEBI, PFRDA, IRDA seeking financial information from customers to meet their diverse financial requirements.