The BOT had planned to allow the use of biometric identity verification for account opening by Q3 this year, but testing in the sandbox has not yet been completed.
October 9, 2019Sandbox Express entails an approval process of just 21 days before firms can start testing innovative financial products and services in a pre-determined environment.
August 8, 2019The FSC has approved six more fintech services for the regulatory sandbox, bringing the total number of approved companies to 32.
June 13, 2019Under the proposed framework, entities regulated by SEBI will be granted certain facilities and flexibilities to experiment with innovative solutions in a live environment and on real customers.
May 30, 2019The FSC has approved eight more fintech services for the regulatory sandbox, bringing the total number of approved companies to 26.
May 16, 2019South Korea’s financial regulator has announced the first nine fintech services that it will allow to operate in its regulatory sandbox.
April 18, 2019South Korea's Special Act on Financial Innovation Support has taken effect 1 April, marking the formal launch of the country's first financial regulatory sandbox.
April 2, 2019The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.
March 26, 2019Bank of Ayudhya has become the first bank in Thailand to introduce facial recognition in account opening, which it says will enhance security and prevent fraud and identity theft.
March 12, 2019Highlights will include measures to accelerate financial innovation, approve online-only banks, launch a regulatory sandbox, and strengthen consumer and investor protection.
March 8, 2019