'Finternet' is the future of financing system: Nilekani

Terming 'Finternet' as the future of financing systems, Nandan Nilekani, Infosys co-founder and chairman, provided a glimpse into how India's fintech landscape would look like in the near future.

- SHIVANI SHINDE

According to Nilekani, Finternet will be user-centric, unified, which means it will cover all types of assets, with a universal infrastructure.

He offered insights on the concept of tokenisation of assets in the digital world with the help of advances in cryptography.

"The Finternet is a new approach to global finance which is defined by the three 'U's' - it is user centric, unified, and universal - that is keeping the user at the centre and it has to be universal, that is it has to cut through asset classes of all types. The Finternet combines the best of the regulated world with the best that tokenisation technology can offer us.