Sandbox

Regulatory sandboxes are necessary to ensure that startups and other players can build things in a controlled environment within the guardrails without stifling innovation, a senior official at the International Financial Services Centres Authority (IFSCA) said on Monday. Speaking at a session at the India AI Impact Summit 2026 in the national capital, IFSCA's Chief Technology Officer Joseph Joshy also said he would look at the things through the regulatory lens. The five-day summit -- which will see a host of heads of state and government, overseas representatives and industry players, among others -- commenced on Monday. "We need to ensure that there are regulatory sandboxes among regulators so that there are guardrails... (so that) before regulations come startups and others can build things in a controlled environment so that you don't stifle innovation and that you encourage it within the guardrails," Joshy said. Joshy is also the Chief General Manager as well as Head of FinTe

Sebi okays pilot for fractional shares via its innovation sandbox; Xaults to showcase custody-led model over coming months, pending shift to regulatory sandbox

Privacy Sandbox is a set of technologies that aims to enhance user privacy by anonymizing data, implementing stricter access controls, and targeting groups of users rather than individuals

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Apart from physical and digital devices, Soundbox devices and Aadhaar-enabled biometric devices have been made eligible for subsidy under the PIDF scheme

The Reserve Bank on Friday said five products related to MSME lending have completed the test phase under its regulatory sandbox cohort and regulated entities may consider them for adoption. Regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment, for which regulators may (or may not) permit certain relaxations for the limited purpose of the testing. Meanwhile, the central bank has also announced the fifth cohort under the regulatory sandbox scheme. Innovative products, services and technologies cutting across various functions in RBI's regulatory domain are eligible to apply for the sandbox scheme, the central bank said. Applications may be submitted from October 30 to November 30, 2023. The RBI said products of the entities which completed the 'Test Phase' were evaluated based on mutually agreed test scenarios and expected outcomes. Products of FinAGG Technologies Private Limited, Mynd Solutions Private Limited, .

Regulators SEwhat BI, RBI, IRDAI, IFSCA and PFRDA recently came together to allow an interoperable regulatory sandbox. But, what exactly is a regulatory sandbox? We explains it in this episode

Most applications have either been withdrawn or stand rejected

The Fintech department of the RBI will act as a nodal point for receiving applications under this initiative

Sebi on Wednesday came out with a standard operating procedure for inter-operable regulatory sandbox in a bid to facilitate testing of innovative products falling within the regulatory ambit of more than one financial sector regulators. Financial products or service providers whose business models fall within the remit of more than one financial sector regulator such as Reserve Bank of India (RBI), Sebi, IRDAI (Insurance Regulatory and Development Authority of India), PFRDA (Pension Fund Regulatory & Development Authority) and IFSCA (International Financial Services Centres Authority) will be considered for the testing under Inter-operable Regulatory Sandbox (IoRS). "To obviate the need of innovators, to engage with different regulators regarding their hybrid product, a common window has been made available," the Securities and Exchange Board of India (Sebi) said in a press release. IoRS has been prepared by the Inter-Regulatory Technical Group (IRTG) on FinTech. The group was ...

The latest fund raising came a little over a year after its last round, as the company saw fast growth in monthly active users and crossed $144 million in transaction volume on the platform.

Typically, the regulatory provisions are relaxed during the testing period

They have huge advantages but there has to be some regulatory supervision