FF News Logo
Monday, October 13, 2025
ITC Vegas

Breaking News

EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ FreedomPay Drives Global Merchant Innovation FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Ipswich Town Selects IFX Payments as an Elite Partner Baghdadi Capital Group Selects nCino to Power Global Growth and Expansion Strategy Zilch Unveils Intelligent Commerce & Zilch Pay to Power Next Phase of Rapid Growth Splitit Launches Partner Program to Power Installments for Agentic Commerce Keyrails Chooses Flagright to Power Real‑Time Transaction Monitoring and AML Screening Socotra Launches Agentic AI for Insurance Product Configuration iBanFirst Launches iBanPay, Its New AI Assistant to the UK NatWest Strengthens Support for UK Innovation Economy With Key Strategic Hires Moto and NCR Atleos Extend Collaboration, Expanding Self-Service Cash Access U.S. Bank Selected to Provide Custody Services for Reserves Backing Payment Stablecoins From Anchorage Digital Bank

April 10 2017

Innovate Finance Releases Preview of Key Findings from Industry Sandbox Consultation

Share this post:

Share on LinkedIn Share on WhatsApp

A preview of the Industry Sandbox consultation paper has been released at the Innovate Finance Global Summit 2017.

The UK Financial Conduct Authority (FCA) invited Innovate Finance to chair an industry consultation to explore the feasibility of an industry led sandbox for testing off-markets financial innovation. The consultation was conducted between July 2016 and April 2017. A full set of consultation findings, best practices and recommendations will be published in early May 2017.

Industry Sandboxes are an advancement in open innovation which present an opportunity to further develop, accelerate and promote collaboration in the FinTech ecosystem.

Industry sandboxes can be useful as a means to accelerate:

– Solution development by providing the whole of the FinTech ecosystem with access to resources such as data, APIs, or reference architectures which enable entrepreneurs to create solutions which are additive and more readily integrated with the existing technology stack;

– Complex problem solving by facilitating industry collaboration on identifying and addressing complex shared consumer, technological and regulatory challenges;

– Regulatory efficiency by encouraging regulators to engage as observers where industry can share knowledge early in the life cycle of solution development.

The final consultation report will present the key findings from: surveys, collaborative design workshops, call for input, interview and roundtables with ecosystem participants.

The consultation report is designed to provide industry with a comprehensive set of high level requirements, use cases, best practices and implementation options to allow industry participants to create industry sandboxes that are t for their specific purposes.

For further information about the Consultation please refer to www.industrysandbox.org

  1. EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
  2. FreedomPay Drives Global Merchant Innovation

    Event Videos

     Read more
  3. FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences

    Fintech

     Read more
  4. Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure

    Funding

     Read more
  5. Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds

    News

     Read more
ITC Vegas
More On