FCA to launch Digital Sandbox permanently

Following successful pilots, FCA’s Digital Sandbox will be made permanently available on 1 August 2023.

Until now, the platform has only been available on a temporary basis to institutions participating in FCA pilots and TechSprints.

Applicants may apply under any of the following themes:

• Banking
• Investment
• Lending
• Payments
• Insurance
• Pension
• Wholesale buy-side
• Wholesale sell-side
• Cross-sectors

The approval process will take a maximum of 4 weeks and applicants will be assessed against the following criteria:

• In scope
• Genuine innovation
• Consumer benefit
• Readiness
• Need for support