Source: Fintech Global
While the RegTech sector is fairly young compared to some of its counterparts, the industry is brimming with energy and innovation and is experiencing a considerable boon in growth.
With such investment and attention on the sector, the FCA previously confirmed that they will run a permanent digital sandbox to help companies access synthetic data and thousands of FinTech APIs to build on these rising demands.
The sandbox, according to the FCA’s head of data, is to aid the development of new products and services as businesses incorporate more AI and emerging technologies into their workflows.
According to Dr Henry Balani, global head of industry and regulatory affairs at Encompass, this approach positively supports the development of new financial services, especially with the advent of AI…
Read full article: https://fintech.global/2023/07/04/what-impact-is-the-fca-digital-sandbox-bringing-for-regtech-startups/
