FCA is collaborating with the City of London Corporation on a “digital sandbox” to help innovative firms tackling challenges caused by the pandemic. FCA received 94 applications for 30 spaces on the pilot, and has now decided who has a place on the scheme. It has also provided the option for those who do not have a place but want to be involved or just observe to create an account on its dedicated website. The pilot is focusing on how firms can provide support in the areas of frauds and scams, vulnerability and SME lending.
FCA updates on Digital Sandbox
Two colleagues working on new global financial strategy plan using tablet and laptop.Modern business team innovation concept.Project meeting at office with virtual graph and chart data interface.