Although technological solutions promise access to cheaper and safer financial services, creating regulation that enables innovation in the FinTech industry remains a challenge. Regulators must protect the public interest while still providing an environment conducive to product and partnership innovation. In response, many financial authorities are introducing regulatory sandboxes to simultaneously give providers the opportunity to test their innovations while also giving regulators time to learn about the risks of the products.
Learn more in this blog by Simone di Castri and Ariadne Plaitakis here