The Regulatory Sandbox is an arrangement set up by the three regulatory authorities to provide entities with the facility to test innovative financial products or services, business models and/or delivery mechanisms prior to launching them to the public. It will enable Fintechs to obtain a provisional license and be subject to certain parameters and rules while testing in a live environment under the regulators’ close scrutiny.
To determine whether the innovative financial product or service can be introduced safely into the domestic financial environment.
Please email[email protected] for more information on the Regulatory Sandbox.