/ RBI to set up regulatory sandbox for fintech firms

Livemint : Apr 06, 2019, 10:58 AM

RBI governor Shaktikanta Das said the central bank will set up a regulatory sandbox, for which guidelines will be issued in two months. RBI’S working group on fintech and digital banking suggested the introduction of a ‘regulatory sandbox or innovation hub’ within a well-defined space and duration to experiment with fintech solutions. Sandbox is an experiment space, approach to test digital and tech-based innovations