Make sure you know when you’re invited to play in the Sandbox
Singapore has announced a regulatory fintech sandbox to drive innovation in the real world, but what if you don’t want your company to be a guinea pig?
The Monetary Authority of Singapore (MAS) has announced plans to launch a regulatory sandbox to foster innovation. The sandbox concept is a defined market space and duration of time in which financial institutions and non-financial players can test fintech products mostly free of regulatory oversight.
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