The Leibniz Institute for Financial Research SAFE organizes and cordially invites you to attend the next
SAFE Digital Finance Seminar
Designing a User-Centric Digital Economy through Digital Public Infrastructure
Siddharth Shetty, Advisor Digital Public Infrastructure of the Indian Ministry of Finance / Chief Technology Officer @Sahamati
to be held on 22 May, 2:00 p.m. - 3:00 p.m. CET, via Zoom
Zoom link
Abstract: The Finternet is a framework for interconnecting multiple financial ecosystems
inspired by the structural principles of the Internet. Its primary aim is to empowerindividuals, businesses, and numerous other organizations by placing them at the center of their financial lives. It will facilitate seamless integration across various financial services, enhancing accessibility and efficiency.
The proposed architecture emphasizes user-centricity, unification (across asset categories, sectors, and geographies), and universality with a focus on ensuring that the financial services ecosystem is adaptable to the needs of a diverse international user base of individuals and organizations, retail and wholesale. Key to this architecture is its interoperability across systems and scalability, which enables a wide range of financial transactions across different platforms and legal frameworks. The initiative prioritizes inclusion and innovation while balancing security, privacy, and compliance with regulatory standards to build trust and reliability in financial transactions.
The Finternet model advocates for collaborative efforts between public and private sectors to establish a universal digital infrastructure that promotes financial inclusivity, and empowerment, and enables a new set of exponential innovations as seen during the Internet era. This paper presents the Finternet as a concept aimed at creating a more equitable financial environment, highlighting its potential to facilitate economic engagement and growth on an international scale.
