What is Finternet?
In today’s world, the transactability of assets is siloed across multiple purpose-specific infrastructures. The Finternet aims to architect universal infrastructure that’s interoperable unifies multiple assets, and supports multiple use cases to usher in low-cost, high-volume, and high-trust transactions!
3 U’s of the Finternet
You, the User
Individuals and businesses, retail and wholesale
Unified
Bringing together diverse assets, sectors, and countries across time
Universal
Open to all, available to everyone
Design Principles of the Finternet
Designing for scale is different from scaling what works. At the population scale, the following design principles enable us to architect systems adaptable to technological and market evolution.
Users at the Centre
Scalability
Interoperability
Division of Labour and Competition
Evolvability
Inclusiveness and Accessibility
Modularity
Security and Privacy by Design
Still Curious? Take a look at the Finternet Whitepapers!
Must reads!
Draft Whitepapers on Finternet Applications and Approaches
The Finternet will be built on Open Infrastructure & Regulated Flows.
Finternet in the News
The Rise of the Finternet
Financial services must catch up with the advances made in communications since the advent of the internet and smartphones. That will require taking bold action to build a seamless, interconnected network that would give all individuals and businesses full control over their financial lives.
The rise of Finternet: an interconnected network of financial ecosystems
A new model proposed by Nandan Nilekani and Agustín Carstens envisages multiple financial ecosystems interconnected with each other. Multiple financial ecosystems interconnected with each other is called Finternet
The ‘Finternet’ Will Be Here Soon — Are You Ready?
Finance in the 21st century is still too costly, and clubby. Besides, when compared with the instantaneous gratification in other aspects of our digital lives, money appears to move too slowly online.
Making of universal digital financial system
By using tokens and unified programmable ledgers, FINTERNET seeks to connect multiple ecosystems to deliver quality financial services faster, cheaper and securely
Carstens advances vision for future tokenised financial system
Bank for International Settlements (BIS) general manager Agustín Carstens this week advanced a vision of a future financial system using unified ledgers to exchange tokenised assets.
Did you know that Agustin Carstens & @NandanNilekani are collaborating to build the 'FINTERNET'?
The vision is to create a financial system where individuals can send money to anyone, anywhere & anytime
Contributors to finternet sandbox
We are currently prototyping various technical and policy solutions inspired by the Finternet whitepapers.
Finternet Labs
Finternet Labs are an open-source community of designers, developers, entrepreneurs, financial institutions, policymakers, and stakeholders from public authorities distributed across the world who are actively contributing to the realization of the Finternet!
Explore our sandbox on GitHub and join our efforts by signing up!
Sneak Peek into our work!
Presentations about the Finternet
Collaborations and Partnerships
Please reach out if you want to organize workshops, use cases, learning sessions, pilots, or seed Finternet Labs in your country or region! Together, we can build infrastructure that fulfills the needs of users everywhere.