Fin Tech: Regulatory Sand Box

Authors

  • Biplab Chakraborty General Manager (Retd.), Department of Banking Supervision, Reserve Bank of India, Kolkata

DOI:

https://doi.org/10.33516/maj.v56i3.82-85p

Keywords:

No Keywords.

Abstract

Arrival of a number of innovative technology-enabled business models, applications, process and products catering to the emerging needs and expectations of new breed of customers have intensified competition in the financial market. While arrival of innovations might pose disruptive threats to the existing business models, these generally open up vistas of business opportunities for tech savvy, agile, skilled and risk seeking Fin Tech firms creating added values for the customers. Regulators across the globe with a view to reaping the benefits of innovations to the optimal extent, are gearing up to play more proactive role in fostering germinating innovations brought in by new breed FinTech firms in the financial sector for public good while keeping alert to emerging risks and customer protection. Setting up of “Regulatory Sand Box†is a step in this direction.

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Published

2021-03-31

How to Cite

Chakraborty, B. (2021). Fin Tech: Regulatory Sand Box. The Management Accountant Journal, 56(3), 82–85. https://doi.org/10.33516/maj.v56i3.82-85p

Issue

Section

Fin Tech

References

Regulating fintech financing: digital banks and fintech platforms By Johannes Ehrentraud, Denise Garcia Ocampo, Camila Quevedo Vega August 2020 (BIS)

A digital identity is the body of information (a set of well-defined attributes related to an entity) about an individual, organization or electronic device that exists online. Unique identifiers and use patterns make it possible to detect individuals or their devices.

CGAP (Consultative Group to Assist the Poor)is a global partnership of 34 leading organizations that seek to advance financial inclusion. Survey Conducted jointly with World Bank Group between February- April , 2019.

Inside the regulatory sandbox: effects on fintech funding by Giulio Cornelli, Sebastian Doerr, Leonardo Gambacorta and Ouarda Merrouche (BIS) November 2020

A journey through the FCA regulatory sandbox: Deloitte

Implications of fintech developments for banks and bank supervisors:BIS (February 2018)

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