newsletter

fintech sandbox

1146
« Back to Glossary Index

A FinTech sandbox or an application program interface (API) sandbox is a safe environment where innovators can safely test products in an environment which will not enfringe on any regulatory bodies.  This enables banks and FinTech players to experiment with innovative financial products or services within a well-defined space and duration. Moreover, the presence of appropriate safeguards helps in containing the consequences of failure. Essentially, the sandbox allows for the pilot testing of newly developed technologies.

« Back to Glossary Index