20/20 hindsight, learning from the journey, not the destination
In 2016, the Financial Conduct Authority (FCA) launched the world’s first regulatory sandbox. Since then, we have seen a number of regulators around the globe follow in their footsteps. These sandboxes aim to remove unnecessary barriers to innovation for businesses involved in banking and finance, by giving them a safe space to test disruptive technologies.
Bernard Wee from MAS and Pat Chaukos from Launchpad will dig into the journey taken by global regulators in setting up these sandboxes and demonstrate why we need to ensure a successful collaboration between regulators, FinTech companies and the industry to build a solid platform for the future.