India, Sept. 9 -- Not many people can authentically present futuristic concepts in as simple words as Nandan Nilekani, the non-executive Chairman of Infosys, can. In 2016, he was candid about a future when lending and banking operations would be all digital. In 2024, he coined the word Finternet - a future of financing systems. Recently, he opined on how India would host one million start-ups by 2035. Merge these prophecies and we can believe that road could see India's banking system leapfrog beyond paperless lending - to a presence-less and consent-based trust network. That transition to enable those million start-ups and rural enterprises who need trustworthy, agile, and tech-rich lending.
Lending in India, which has relied on paperwork...