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Sandbox and Innovation Test Bed Case Study

In: Fintech Regulation and Supervision Challenges within the Banking Industry

Author

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  • Felix I. Lessambo

    (Fordham University)

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.

Suggested Citation

  • Felix I. Lessambo, 2023. "Sandbox and Innovation Test Bed Case Study," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Fintech Regulation and Supervision Challenges within the Banking Industry, chapter 0, pages 295-305, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-031-25428-4_24
    DOI: 10.1007/978-3-031-25428-4_24
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