FCA, City of London Corporation launch sandbox  

December 01, 2020 | Innovation

Written by FinTech Alliance

FCA, City of London Corporation launch sandbox  

Fintech Sandpit has partnered with the Financial Conduct Authority and City of London Corporation to built a digital sandbox.  

In Brief:  

  • This will be used by the financial services industry.  

  • It will allow users to test offerings using data sets, like SME lending and transactional records.  

  • 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.  

Read more here.  

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