FCA has published an evaluation report of the Digital Sandbox pilot.
The report sets out the findings of the pilot, including how it accelerated the development of innovative products and solutions within financial services, as well as key lessons learned from the pilot phase.
The report states that FCA found that access to a digital testing environment successfully accelerated development times for the vast majority of participants, as well as benefitting other aspects such as improving product design and refining early-stage business models.
FCA, in conjunction with the city of London Corporation, will be launching a second phase of the Digital Sandbox pilot focused on sustainable finance, later in the year.