A regulatory sandbox is a framework that allows for live-testing of new products or services in a controlled environment. If implemented properly, this could usher in innovations in the industry
Nilanjana Chakraborty asks four experts what this will mean for banks and fintechs
The Reserve Bank of India (RBI) recently finalized the setting up of a regulatory Sandbox for Banks, Lending institution and Fintech by releasing the final “enabling framework for regulatory sandbox”. A regulatory sandbox is a framework that allows for live-testing of new products or services in a controlled environment. If implemented properly, this could usher in innovations in the industry. However, there has been no official communication that fintechs have received and lack of clarity could slow things down.
