Supporting innovation in financial services: the digital sandbox pilot
The City of London Corporation and the Financial Conduct Authority have collaborated on a Digital Sandbox to create a digital testing environment and to support financial services' innovation.
The virtual eco-system addresses challenges in tech development such as access to data and industry collaboration and is innovative in the tools and features it provides.
The pilot phase of the Digital Sandbox is complete, with over 30 teams participating and 850 registered users.
The City Corporation and the FCA continue to collaborate and are now moving into phase 2 of the project. To register for updates visit the Digital Sandbox Pilot website.
This report covers the creation of the City of London Corporation and Financial Conduct Authority's Digital Sandbox Pilot, and the lessons learned from it.