Sandbox environment will help fintechs tackle systemic risks

Sandbox environment will help fintechs tackle systemic risks
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  • The Regulatory Sandbox proposed by the RBI is a great move to enable fintech lenders to prop up their innovation efforts and continue to employ disruptive technologies for enhanced results.
  • The Sandbox environment will allow fintech companies to beta-test multiple innovation and technology initiatives with minimal capital expenditure, and within the purview of a protected dataset.
  • Sandboxing is a concept that has been used across the globe to allow program systems to perform more efficiently by resolving errors and issues within a protected dataset, with a view to preventing shortcomings from spreading to larger data systems.
  • The Sandbox initiative will particularly help fintech companies operating in segments such as payments and lending to test persuasive and disruptive technologies within RBI's regulatory framework.


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