NayaOne has partnered with Lloyds to develop their Innovation Sandbox, aimed at streamlining the bank's digital development.
The UK first created a regulatory sandbox in 2016; the Financial Conduct Authority is now seeking feedback on whether it should expand their sandbox globally; fintechs would benefit by having the ability to test in other countries and regulators could work together on some of the issues related to companies seeking to operate across borders; the FCA stated, "The overall approach would be to better understand and solve common regulatory problems, as well as being more helpful to firms who have aspirations to grow at scale in multiple markets." Source
The OCC Fintech Charter was formally proposed back in December 2016. Along with many other organizations we responded to their...