UK-India Bilateral Trade in FinTech and FinTech-Enabled Services: Emerging trends and potential for growth

金融科技指的是新技术被用于提供金融服务的各种方式，通常由初创公司而不是银行等成熟的金融服务公司提供。该项目旨在通过在该行业快速增长的时期确定金融科技相关法规，政策和实践的潜在变化，增加印度和英国之间的贸易数量并最大限度地提高贸易效益。印度和英国之间的贸易有可能大幅增长，使两国的消费者、企业和政府受益;考虑到两国国内金融科技行业的蓬勃发展，但金融科技和金融科技相关服务的贸易水平较低，加强这一领域的贸易是加强两国双边货物和服务贸易的一个特别有前途的途径。我们的研究目标体现在以下问题中：（1）目前有哪些证据表明金融科技和金融科技服务贸易的障碍和推动因素？(2)在监管、政策、实践和投资方面可以做出哪些改变，以增加印度和英国之间金融科技贸易的数量并最大化其利益？(3)金融科技初创企业的哪些特定因素影响了他们进行国际贸易的能力和兴趣？(4)金融科技在促进跨境投资中的作用是什么？拟议项目将采用混合方法，包括文献综述、文件分析、定性访谈和定量公司层面数据分析，以确定金融科技和金融科技驱动的服务贸易的障碍和推动因素，从而确定监管的潜在变化，政策和实践，可以增加印度和英国之间的金融科技贸易的数量和最大化的利益。我们的研究目标是：（1）对学术和政策/实践文献进行系统和全面的审查，以建立关于金融科技和金融科技支持的服务贸易的障碍和推动因素的现有证据;（2）分析和评估监管、政策、实践和投资文件，以确定可以做出哪些改变，以增加印度和印度之间的金融科技贸易的数量并最大限度地提高其效益。英国;（3）进行关键利益相关者访谈和调查，以确定影响金融科技初创企业国际贸易能力和意愿的特定因素;以及（4）收集和分析双边投资数据库，确定金融科技对每项双边投资的促进程度，以确定金融科技在促进跨境投资方面的作用。除了产生学术成果外，我们的研究将产生与监管机构、政策制定者和金融科技及相关行业的各种从业人员直接相关的结果。我们将向相关受众传播这些发现，以便为他们提供额外的工具，以促进印度和英国之间的金融科技和金融科技服务贸易。英国项目团队由来自埃塞克斯商学院和计算金融与经济代理中心（CCFEA）、经济学院、SOAS全球金融中心和兰开夏商业与企业学院的研究人员领导。印度小组由新德里的RIS、新德里的IIDS和特里凡得琅的GIFT领导。该项目将得到一个国际咨询委员会的支持。

FinTech refers to a wide range of ways in which new technologies are being used to deliver financial services, often delivered by start-up firms rather than established financial services firms such as banks. This project aims to enable increases in the quantity and maximise the benefits of trade between India and the UK by identifying potential changes to FinTech-related regulation, policy and practice at a time of rapid growth in the sector. Trade between India and the UK has the potential to grow enormously, benefiting consumers, businesses and governments in both nations; given the thriving state of the domestic FinTech industries in both countries, but low levels of trade in in FinTech and FinTech-enabled services, enhancing trade in this area is a particularly promising avenue for strengthening bilateral trade in goods and services between the two countries.We have four research aims, which are expressed in our research questions:(1) What is the current evidence on barriers to and enablers of trade in FinTech and FinTech-enabled services?(2) What changes could be made to regulation, policy, practice and investment to increase the quantity and maximise the benefits of FinTech trade between India and the UK?(3) What are the factors specific to FinTech start-ups that influence their ability and appetite to trade internationally?(4) What is the role of FinTech in promoting cross-border investment?The proposed project will adopt mixed-methods, including literature reviewing, documentary analysis, qualitative interviewing, and analysis of quantitative firm-level data to establish the barriers to and enablers of trade in FinTech and FinTech-enabled services in order to identify potential changes to regulation, policy and practice that could increase the quantity and maximise the benefits of FinTech trade between India and the UK.Our research objectives are:(1) to conduct a systematic and comprehensive review of the scholarly and policy/practice literature in order to establish the current evidence on barriers to and enablers of trade in FinTech and FinTech-enabled services;(2) to analyse and assess regulatory, policy, practice and investment documents in order to identify what changes could be made to increase the quantity and maximise the benefits of FinTech trade between India and the UK;(3) to conduct key stakeholder interviews and surveying in order to establish the factors specific to FinTech start-ups that influence their ability and appetite to trade internationally; and(4) assemble and analyse a database of bilateral investments identifying the degree to which each has been facilitated by FinTech in order to establish the role of FinTech in promoting cross-border investment.As well as producing scholarly outputs, our study will produce findings that will be of direct relevance to regulators, policy-makers and various practitioners in FinTech and adjacent sectors. We will disseminate these findings to the relevant audiences in order to provide them with additional tools to enhance trade in FinTech and FinTech-enabled services between India and the UK.The UK project team is led by researchers from the Essex Business School and the Centre for Computational Finance and Economic Agents (CCFEA), School of Economics; Centre for Global Finance, SOAS; Lancashire School of Business and Enterprise. The Indian team is led by RIS, New Delhi; IIDS, New Delhi; GIFT, Thiruvananthapuram. The project will be supported by an international advisory board.