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Reimagining fintech research for India

An initiative by

D91 Labs is a research entity dedicated to fostering fintech innovation in India by conducting cutting-edge research and developing fintech ideas that could address the unique challenges and opportunities of the Indian market. Through our research, we bridge the knowledge and empathy gap among stakeholders to improve digital financial services.
Our vision ↗

The latest from D91 Labs

IN FOCUS

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Decoding the draft co-lending regulations by RBI

By

Monami DasguptaPramiti Lonkar

Have you heard about the comparative advantage concept in economics? Co-lending arrangement (CLA) is just that. Read to find out more about the recently published draft CLA guidelines by the RBI.

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Outsmarting Fraudsters in Digital Lending: Detection and Mitigation Strategies for Lenders

By

Monami DasguptaVinith Kurian

Part 2 of our blog series maps how digital lenders are using AI, analytics, and collaboration to combat fraud, ensuring security while maintaining seamless UX in a rapidly evolving threat landscape.

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Mapping consumer-led frauds in digital lending

By

Monami DasguptaVinith Kurian

Digital lending fraud is rising rapidly. This blog maps fraud risks across lending stages and explores how lenders can balance trust, innovation, and risk mitigation.

Our projects

Decoding Digital Lending in India →

In this series, we decode the fintech revolution taking place in digital lending that is poised to make credit accessible for millions of underserved Indians.

Digitisation of offline Indian merchants →

In this series, we discuss the digital interventions that can benefit small and medium-sized merchants in India and take their business to the next level.

Digital payments for the next half billion →

Through this series, we explore the opportunities and challenges that innovations in digital payments offer to the next half-billion.

ONDC—Revolutionising e-commerce for last-mile merchants →

Research on how ONDC could change the e-commerce experience for merchants in Bharat.

Insights from banking on women project →

Exploration of the financial journeys of women in Bharat—their financial decisions, management of money and financial aspirations.

Personal finance survey, 2020 →

A survey to understand financial choices made by consumers in banking—around income, expense, savings, investments, credit and insurance

Covid and fintech →

Research done through secondary sources and personal interviews, exploring the changes and challenges faced by fintech firms during the Covid-19 pandemic.

Future of data sharing →

A design toolkit to build better financial products for India, aligned with the regulatory framework for Account Aggregators and Indian data protection laws.

D91 Labs on YouTube →

A compilation of long and short form video content, created by D91 Labs.

Tales of Bharat

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Decoding the draft co-lending regulations by RBI

By

Monami DasguptaPramiti Lonkar

Have you heard about the comparative advantage concept in economics? Co-lending arrangement (CLA) is just that. Read to find out more about the recently published draft CLA guidelines by the RBI.

image for undefined
Outsmarting Fraudsters in Digital Lending: Detection and Mitigation Strategies for Lenders

By

Monami DasguptaVinith Kurian

Part 2 of our blog series maps how digital lenders are using AI, analytics, and collaboration to combat fraud, ensuring security while maintaining seamless UX in a rapidly evolving threat landscape.

image for undefined
Mapping consumer-led frauds in digital lending

By

Monami DasguptaVinith Kurian

Digital lending fraud is rising rapidly. This blog maps fraud risks across lending stages and explores how lenders can balance trust, innovation, and risk mitigation.

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Transforming Credit Access with Digitized Life Insurance Policies

By

Devyani ParameshwarRaghavendra Badaskar

This article explores how digitized financial assets like life insurance policies can enable credit access for underserved households, offering affordable liquidity and building credit profiles.

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Can digital payments increase the access to capital for a small business?

By

Monami Dasgupta

Using proprietor data from the Indifi - a lending fintech, this research paper highlights the positive relationship between digital payments and fintech lending in India.

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Why Everybody Loves a Good PFM App but It's So Hard to Build One!

By

Vinith Kurian

Can PFM apps transform personal finance? With AI, automation, and the Account Aggregator framework, they might finally deliver the smarter, personalized insights users need to stay engaged!

Fuel your mind with the latest in fintech

We publish regularly on our blog, Tales of Bharat ↗ , where we share our research on financial inclusion, fintech, and the financial journeys of Indians.

Last mile chronicles

Banking on women

A series to document the financial journeys of women in Bharat, and how they manage their money, use digital services and make financial decisions.

Kirana chronicles

On-ground research to understand how small business owners make financial decisions

Blue collar

Real interviews chronicling the dreams and aspirations of India’s working class

Rural journeys

A research series focussed on the financial products women of Bharat have access to

Millennial banking

Interviews to chronicle the financial habits of young folk with disposable income

Highlights

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Why Everybody Loves a Good PFM App but It's So Hard to Build One!

By

Vinith Kurian

Can PFM apps transform personal finance? With AI, automation, and the Account Aggregator framework, they might finally deliver the smarter, personalized insights users need to stay engaged!

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UPI's Next Frontier: Delegated Payments and the Future of Financial Access for Dependents

By

Vinith Kurian

Delegated payments on UPI could be pivotal in empowering dependents and underserved users with secure access to digital finance. Could it also unlock downstream financial products for them?

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Do people prefer financial advice generated by ChatGPT over certified human advisors?

By

Monami Dasgupta

Can AI-generated financial advice compete with traditional human advice? Our survey findings reveal a shifting preference!

About D91 Labs

D91 Labs works to boost the financial lives of Bharat and embrace financial inclusion at the grassroots level. Our aim is to help fintech companies develop digital offerings for India. D91 Labs is the first such initiative of its kind in the Indian fintech space.
Our vision ↗

While you’re here, also subscribe to our blog—

Monami Dasgupta

Head of Research