Fintech Sandpit has partnered with the Financial Conduct Authority and City of London Corporation to built a digital sandbox.
In Brief:
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This will be used by the financial services industry.
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It will allow users to test offerings using data sets, like SME lending and transactional records.
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There’s also an open API marketplace.
What does this mean?
The sandbox is being put in place to help financial services work on some of the issues highlighted by Covid-19, such as fraud prevention and financial resilience among vulnerable people.
