FINTECH REGULATORY SANDBOX EXPLAINED (WHAT, WHY, HOW)
As fintech continues to evolve in utility and popularity, regulation struggles to keep up with the pace of innovation. In years past, the fintech space was poorly regulated which either led to strict restrictions or loose rules. This evidently posed serious risks and regulators were forced to be proactive in finding ways to keep the innovation going at the same time mitigating risks. Now we're being introduced to the concept of Regulatory Fintech Sandboxes. These are intended to be enabling environments to bring more alignment between Fintech's and Regulators. In this video I explore the what, why and how of Regulatory Fintech Sandboxes.
#innovation #fintech #digitaltransformation #fintechsandbox #regulatorysandbox
Timecodes
0:00 Intro
3:05 What is a Regulatory Fintech Sandbox?
4:16 Why are Regulatory Fintech Sandboxes important?
5:30 How do Sandboxes work in practice?
7:53 Benefits of Regulatory Fintech Sandboxes
9:46 Regulatory Fintech Sandbox Risks
10:44 Summary & Outro
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