Colloquium on Fintech Regulation
1. A background of the event (what was it about?/ its objectives/ dates on which it was held)- The Colloquium on Fintech Regulation was organised by the National Law University Delhi in collaboration with Leicester University, UK on December 19, 2023. The event was hosted under the aegis of IQAC, NLUD. Keynote address was delivered by Vice Chancellor, NLUD, Prof. G.S. Bajpai and concluding remarks were made by Dr. Dakshina Chandra, Assistant Professor, NLUD.
Summary: India is one of the fastest growing markets for fintech in the world. Financial institutions in India have been one of the first business sectors to adopt widespread use of technology to innovate, improve services, increase financial inclusion and cut costs. The rapid growth in mobile and telecommunications services in recent years, coupled with strong government support, resulted in significant expansion of fintech in India. However, the corresponding legal and regulatory systems remain at a nascent stage.
The special issue of the Indian Journal of Law and Technology published in 2023, sought to push the envelope on the need and direction of legal reforms and regulations in relation to fintech in India. The articles delved into issues relating to AI based banking and lending, balancing innovation with privacy, and the rise of decentralised finance. The colloquium at NLUD was the next step in discussing, debating and disseminating the ideas that had been generated in the special issue. The Colloquium witnessed members of the industry, policy and academia critique the articles with the aim to find out the optimal pathway for impact. The ultimate objective being to translate the legal ideas developed in the special issue to optimal legal regulations.
Objective:
the discussions are aimed at transforming existing ideas and policy recommendations on fintech into legal regulations.
The discussions will be a critique on policy recommendations from industry perspective for effective regulation making and implementation.
2. Who organised it? The Colloquium on Fintech Regulation was organised by the National Law University Delhi in collaboration with Leicester University, UK on December 19, 2023. The event was hosted under the aegis of IQAC, NLUD. Faculty coordinators were Dr. Dakshina Chandra, Assistant Professor, NLUD and Dr. Navajyoti Samanta, Associate Professor Leicester University
3. Any sponsors/ partners- in collaboration with Leicester University, UK
4. Name of the resource persons/special invitees/guests along with their designation.-
a) Ashish Bhargava, Director General, National Anti-Doping Agency
b) Ashish Khandelwal, ANQ Finance
c) Shohini Sengupta, PhD Scholar, University of New South Wales
d) Amol Kulkarni, CUTS
e) Dr. Aprajita Bhatt, NLUD
f) Jyoti Panday, Internet Governance Project
g) Dr. Mansi kedia, Senior Fellow, ICRIER
h) Shehnaz Ahmed, Senior Resident Fellow, Vidhi Centre for Legal Policy
i) Mandar Kagade, Black Dot Public Policy
j) Dr. Shouvik Guha, Assistant Professor, West Bengal National University of Juridical Sciences, Kolkata
k) Smriti Parsheera, Fellow, CyberBRICS Project
l) Manjushree RM, Senior Resident Fellow, Vidhi Centre for Legal Policy
m) Prasanto Roy, FTI Consulting
n) Vignesh, Centre for Communication Governance, NLUD
5. Who was it meant for? Who attended the event? (students, faculty, industry experts, professionals etc.)- Discussants and speakers included bureaucrats, members of the industry, policy and academia. Members of the NLUD faculty, students and approved guests joined as audience members.
6. Approx how many people attended the event?- Approx 35 persons
7. Any other details such as (programme schedule, brochure, concept note etc.)- Program schedule attached separately. Pictures also attached.