SecMark Consultancy is setting up a new Wholly Owned Subsidiary, SECMARK FINANCIAL AGGREGATION PRIVATE LIMITED.

This new entity will operate as an Account Aggregator, a Non-Banking Financial Company, to collect and present financial information with customer consent.

This strategic move diversifies SecMark's portfolio, entering the regulated financial data aggregation space.

The initial investment for 100% ownership is a modest 0.01 Cr, indicating a low-cost entry into a new growth area.

This venture aims to leverage the increasing demand for secure financial data sharing, potentially enhancing future revenue streams.