Sandbox

Are Fintech Sandboxes a Consumer Protection Desert?

Fintech sandboxes are all the rage. The Consumer Financial Protection Bureau (CFPB) recently proposed a disclosure sandbox, the Arizona attorney general has adopted a fintech sandbox, and both legislators and regulators in Washington are discussing ways to use sandboxes to promote financial innovation.

Read More

The CFPB’s “Disclosure Sandbox” Is Shovel Ready – Who Will Be the First!

I find it interesting that the Bureau of Consumer Financial Protection (BCFP) which was formerly known as the Consumer Financial Protection Bureau (CFPB) is offering up a Disclosure Sandbox to assist in developing disclosures that consumers find understandable.

Read More

Banking Needs a Regtech Sandbox

One of the best-known inventions in banking oversight in recent years is the regulatory sandbox. Pioneered by the U.K.’s Financial Conduct Authority, these are running now in about two dozen countries and several U.S.states, allowing fintech innovators to conduct live, small-scale testing under the regulator’s supervision. The goals are twofold.

Read More

Australia’s New Payments Platform Opens API Sandbox

New Payments Platform (NPP) Australia, the nation’s real-time payments service that went live earlier this year, is now seeking collaboration from FinTech firms and developers through the launch of a developer sandbox. Reports in the Australian Financial Review ( AFR) on Wednesday (Oct.

Read More

Consumer Rights Groups Hit Out at CFPB Sandbox Plans

Consumer rights groups in the US have slammed a proposal by the Consumer Financial Protection Bureau to create a regulatory sandbox that would enable fintech firms to bypass red tape.

Read More

The FCA’s Fintech Sandbox Is Already Delivering Value

Since the UK’s Financial Conduct Authority (FCA) launched its regulatory sandbox in 2016, 89 companies have been accepted to test their products and services.

Read More

Want to Join the FCA Sandbox? Better Hire a Legal and Compliance Team First

The Financial Conduct Authority’s innovation sandbox is supposed to make it easier for new entrants to the financial services industry to navigate through the regulatory maze. However, for many participants the process of getting onboard and then finding willing customers to test their ideas on has been far from straightforward.

Read More

Here’s What the CFPB’s Sandbox Should Look Like

The Consumer Financial Protection Bureau is joining a slew of regulatory agencies across the globe to create a fintech regulatory sandbox, and so far the bureau has offered scant details about the effort.

Read More

Why the Next Hot Fintech Might Be Found in a Sandbox

BOSTON – Fintech startups are getting a new launching pad thanks to fresh cooperation between regulators and businesses. Arizona became the first state to launch a so-called fintech sandbox, which gives firms access to a limited number of customers and a lower level of oversight.

Read More

The Role of Regulatory Sandboxes in Fintech Innovation

According to KPMG’s latest The Pulse of Fintech report, 2018 is set to be another record-breaking year for Fintech investment. After only two quarters, it’s already reached 57.9 billion, less than 5 billion shy of 2015’s highs of 62.5 billion. Europe and Asia are particularly hot Fintech areas at the moment. With 26 billion and […]

Read More

EU Guidelines on Fintech to Include ‘Sandbox’ Design Recommendations

The European Union’s banking watchdog said guidelines being drawn up for nurturing cross-border fintech companies will include recommendations for the core design of a sandbox and innovation hub.

Read More

Don’t Be Too Quick to Give Up on Tech

A common response to emerging technology is for bankers to test it. Yet the problem with testing technology is that it is just a test, a false implementation. A test is not designed for reality and it can lead to false results. For example, I remember a U.K.

Read More