The Financial Conduct Authority (FCA) announced on July 20 that its Digital Sandbox will be made available starting August 1, 2023.
Features of the Digital Sandbox
High-quality datasets and Application Programme Interfaces or APIs
Robust data security protection
A collaborative platform
An observation deck
The platform has been opened to a broad range of innovative businesses, start-ups and data providers such as firms operating in the following sectors: banking, investment, lending, payments, insurance, pension, wholesale buy-side, wholesale sell-side and cross-sectors .
The approval process will take a maximum of 4 weeks.