FinTech Sandbox

A FinTech Sandbox is a controlled environment set up by regulators or financial institutions that allows financial technology companies to test their innovative products and services safely. It provides a space where startups can experiment with new ideas without the full burden of regulatory compliance. By allowing these businesses to gather real-time feedback from customers and regulators, the sandbox promotes innovation while ensuring that consumer protection and financial stability are maintained. Essentially, it’s a way to foster growth in the financial technology sector while minimizing risk.