Sandbox and Innovation Test Bed Case Study

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 24 in Fintech Regulation and Supervision Challenges within the Banking Industry, 2023, pp 295-305 from Palgrave Macmillan

Abstract: Abstract Sandboxes are typically employed in cases where the emerging technology is potentially disruptive. It allows the testing of innovative technologies and business models that are not fully compliant with current rules and regulations, by providing temporary suspension of certain mandatory provisions or requirements for those who participate in the sandbox. The Regulatory Sandbox does therefore provide participants with regulatory clarity for innovations that do not neatly fit within existing frameworks and access to funding.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-031-25428-4_24

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DOI: 10.1007/978-3-031-25428-4_24

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