Project to investigate how fintech can deepen trade relations between UK and India

The untapped potential of fintech (financial technology) in helping deepen trade relations between the UK and India is to be investigated in a new project co-led by the University of Essex.

The three-year project brings together leading research institutions, government organisations and fintech firms from both countries to assess the role of fintech in expanding bilateral trade between the UK and India.

It is one of four projects supported by the Economic and Social Research Council (ESRC) and the Indian Council of Social Science Research (ICSSR) under their joint call for collaborative research on the future of UK-India trade and cross-border investment in a changing global environment, as stated in the India-UK Economic and Financial Dialogue (EFD).

Professor Thankom Arun, Director of the Centre for Accountability and Global Development (CAGD) at Essex Business School and leading the UK side of the project, said: “Fintech provides enormous opportunities for the development of financial markets and economic growth.

“This project aims to contribute to the ongoing India-UK Economic and Financial Dialogue (EFD) by contributing to the development of the fintech sector and fintech-enabled services and trade between India and the UK. This project has enormous potential to deepening both countries’ bilateral partnership.”

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Source: Project to investigate how fintech can deepen trade relations between UK and India