Here’s a checklist for a regulated and licensed entity to become an FIU in the AA ecosystem. Setu helps you get onboarded on the Central Registry, taking away compliance and certification complexity.
Step | Purpose | Process owner | Remarks |
|---|---|---|---|
Submission of FIU's license | To be shared with Sahamati to establish eligibility to become an FIU | SETU | FIU to share this with Setu. Setu then shares this with Sahamati as part of our certification process. |
Customer experience guidelines checklist | To serve as a common reference for all AA ecosystem participants with respect to the dos and don'ts of Customer experience design | SETU | Setu shares this with Sahamati on the FIU’s behalf |
Legal adherence guidelines checklist | To examine and verify the legal boundaries around the roles of each party, particularly with respect to data privacy protection principles, against a set of principles that the AA committee has decided | SETU | Setu shares this with Sahamati on the FIU’s behalf |
FIU certification | To ensure interoperability and adherence to technical standards specified by ReBIT. Read more here. | SETU | Setu completes the certification process on FIU’s behalf in partnership with Aujas |
Central registry onboarding | To be discoverable by other entities in the ecosystem such as AAs and FIPs | SETU | Setu shares the necessary payload to get the FIU onboarded on the Central Registry |
Customer journey demo | To demonstrate the customer journey of approving a consent | SETU | FIU's consent flow gets reviewed |