The Future of Finance Initiative

The Future of Finance Initiative housed at Dvara Research aims to identify and address new challenges for policy and regulation in India around customer protection, given the waves of digital innovation currently sweeping financial services.

The Future of Finance Initiative seeks to identify and address new challenges for policy and regulation in India given the waves of digital innovation currently sweeping financial services. Our work in this initiative studies the impacts of digitisation and technological innovation in Indian finance, leading from the consumer perspective on these issues. Our research agenda is focussed on issues that impact particularly lower income individuals as a result of

  • the disintermediation of financial services,
  • the large scale investment in public infrastructure for digital finance and
  • the increased use of consumer data and analytics in finance.

Latest Work


Our Response to the Working Document on Enforcement Mechanisms for Responsible #AIforAll

January 18, 2021 | Dvara Research

Future of Finance Initiative


An operational architecture for privacy-by-design in public service applications

December 23, 2020 | IIT-D & Dvara Research

Prashant Agrawal, Anubhutie Singh, Malavika Raghavan, Subodh Sharma, Subhashis Banerjee


Dvara Research and Khabar Lahariya Video Series: Access, Redressal & Finance in Uttar Pradesh

November 30, 2020 | Dvara Research and Khabar Lahariya

Malavika Raghavan and Anubhutie Singh


State of Digital Lending towards MSMEs in India

November 5, 2020 | Dvara Research

Sarah Stanley


India’s proposed data protection regulator needs strong safeguards

September 17, 2020 | Economic Times

Malavika Raghavan & Srikara Prasad

Team

    

The Future of Finance
Initiative

The Future of Finance Initiative housed at Dvara Research aims to identify and address new challenges for policy and regulation in India around customer protection, given the waves of digital innovation currently sweeping financial services.

The Future of Finance Initiative seeks to identify and address new challenges for policy and regulation in India given the waves of digital innovation currently sweeping financial services. Our work in this initiative studies the impacts of digitisation and technological innovation in Indian finance, leading from the consumer perspective on these issues. Our research agenda is focussed on issues that impact particularly lower income individuals as a result of (1) the disintermediation of financial services, (2) the large scale investment in public infrastructure for digital finance and (3) the increased use of consumer data and analytics in finance.

Our April 2019 Conference on Regulating Data-Driven Finance unpacked these themes in more depth. Resources and primers detailing this research are available at the conference website here.

Through our research, we seek to ensure that regulation and policy develop in ways that support responsible innovation by existing and new institutions, such that they can deliver comprehensive access to financial services (payments, credit, insurance and investments), while not creating new systemic or customer protection risks in the process. Given the rapidly-changing technology & financial services landscape in India, big questions lie ahead for our efforts to build a vision of inclusive and suitable access to finance in the country:

  • Will Indians change the way they access and use finance?
  • How are firms and regulatory institutions changing the way the evolve in a data-driven world, including in their interactions with individual users?
  • How should policy and regulation respond?
  • How do we protect the most vulnerable customers in face of rapid change and innovation?
  • What are the risks for systemic stability, in this context?