Industry Sandbox Consultation: A Development in Open Innovation
Reports on 18th May 2017
Industry Sandboxes are an advancement in open innovation which presents an opportunity to further develop, accelerate and promote collaboration in the FinTech ecosystem. The UK Financial Conduct Authority (FCA) invited Innovate Finance to chair an industry consultation to explore the feasibility of an industry-led sandbox for testing off-markets financial innovation. The consultation was conducted between July 2016 and April 2017. A full set of consultation findings, best practices and recommendations were published on 9 May 2017.
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