20 October 2017
Find out more

Innovate Finance issues call for input on industry sandbox

10 February 2017  |  7137 views  |  0 Footsteps in sand

Innovate Finance is seeking input from UK financial services participants on the establishment of an industry sandbox, creating a neutral space where banks, fintech startups and the wider development community can share and extract data for off-market testing of new applications.

Innovate Finance believes the Sandbox could make it easier for startups to access a wider set of data, technologies or certifications to validate their products and speed up time to market, bridging the gap between proof of concept and production.

The startup membership association further holds that the virtual environment could become a bipartisan space where industry players could come together and resolve challenges the industry faces as a whole, including digital identity, authentication, fraud, and supervising AI algorithms.

The Financial Conduct Authority has already opened up a regulatory sandbox for firms of all sizes to test innovative products and services in a live environment. In April 2016 it invited Innovate Finance to lead a working group to explore options for an industry-led virtual sandbox.

The deadline for responding to the Call For Input is 10 March 2017, with the final view set to be published in April.
KeywordsDEVELOPER

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Standard Chartered debuts API sandbox for corporate community

Standard Chartered debuts API sandbox for corporate community

10 February 2017  |  10057 views  |  1 comments | 14 tweets | 11 linkedin
HSBC and Lloyds among first FCA sandbox cohort; applications invited for next round

HSBC and Lloyds among first FCA sandbox cohort; applications invited for next round

07 November 2016  |  10847 views  |  0 comments | 17 tweets | 13 linkedin
Abu Dhabi opens fintech RegLab

Abu Dhabi opens fintech RegLab

02 November 2016  |  6216 views  |  0 comments | 3 tweets | 14 linkedin
Malaysia sets out fintech sandbox framework

Malaysia sets out fintech sandbox framework

19 October 2016  |  16360 views  |  0 comments | 9 tweets | 5 linkedin
FCA to kickstart sandbox with 24 applicants

FCA to kickstart sandbox with 24 applicants

22 September 2016  |  12092 views  |  0 comments | 34 tweets | 17 linkedin
Thailand sets up fintech sandbox

Thailand sets up fintech sandbox

22 September 2016  |  9054 views  |  0 comments | 19 tweets | 8 linkedin
HKMA to set up fintech sandbox and innovation hub

HKMA to set up fintech sandbox and innovation hub

06 September 2016  |  7853 views  |  0 comments | 15 tweets | 12 linkedin
Exchange body calls for creation of regulatory sandboxes for distributed ledgers

Exchange body calls for creation of regulatory sandboxes for distributed ledgers

05 September 2016  |  7750 views  |  0 comments | 23 tweets | 14 linkedin
Singapore regulator proposes fintech sandbox

Singapore regulator proposes fintech sandbox

06 June 2016  |  8467 views  |  1 comments | 15 tweets | 22 linkedin
FCA opens regulatory sandbox

FCA opens regulatory sandbox

09 May 2016  |  11080 views  |  0 comments | 18 tweets | 29 linkedin
Asic to establish regulatory sandbox

Asic to establish regulatory sandbox

04 May 2016  |  7101 views  |  0 comments | 5 tweets | 9 linkedin
UK Government maps out fintech strategy; FCA takes wraps off startup sandbox

UK Government maps out fintech strategy; FCA takes wraps off startup sandbox

11 April 2016  |  9950 views  |  0 comments | 12 tweets | 22 linkedin
FCA invites businesses to play in its regulatory sandbox

FCA invites businesses to play in its regulatory sandbox

10 November 2015  |  7029 views  |  0 comments | 18 tweets | 17 linkedin
FinTech Sandbox lets startups play with data for free

FinTech Sandbox lets startups play with data for free

02 March 2015  |  12255 views  |  1 comments | 21 tweets | 9 linkedin
Fintech startups invited to play in data sandbox

Fintech startups invited to play in data sandbox

28 May 2014  |  9469 views  |  0 comments | 17 tweets | 5 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com Register now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16028 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8259 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7620 views comments | 20 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7253 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6563 views comments | 10 tweets | 21 linkedin

Featured job

Find your next job