Finternet Vision: Building Interoperable Financial Infrastructure

Anurag Arjun, Co-Founder of Avail, reflects on the next evolution of financial architecture—one that transcends speed to unify value, identity, and rights across fragmented systems. The Finternet, a framework co-created by Siddharth Shetty and articulated in a 2024 BIS paper, aims to mirror the internet's interoperability. "It's like building a new road for every car we manufacture," Shetty remarked, highlighting the inefficiency of isolated solutions.

Shetty, a key architect of India's digital public infrastructure, envisions a paradigm shift: financial rails that connect rather than compete. The focus isn't just on faster transactions but on verifiable, enforceable coordination at scale. This vision draws from India's pioneering digital initiatives and global advisory work, positioning the Finternet as a foundational LAYER for future finance.