The partnership will support firms addressing the COVID-19 challenge
In Brief
- The digital sandbox will support both big finance and early stage FinTechs seeking to play a role in the Coronavirus recovery.
- It will involve sharing data regarding information and expertise in the areas of detecting and preventing fraud and scams as well as supporting vulnerable customers.
- It also aims to improve access to finance for SMEs financially affected by the pandemic.
What does this mean?
The new partnership is the latest stage of the FCA’s commitment to encouraging and supporting innovation in financial services through Innovate, the Regulatory Sandbox, and TechSprint programme.
