On 01.09.2020, the FMA is opening its own sandbox programme for ambitious FinTech models.
The sandbox’s objective is to simplify the pathway towards becoming a supervised entities for young FinTechs as well as incumbent players (together with an unlicensed entity) that have FinTech business models and cooperations. Targeted support and close supervision will be used to achieve this, rather than by lowering supervisory standards. The entity may operate its business model in a test phase with a licence in the sandbox. If the test is successful, then the entity leaves the confines of the sandbox for regular supervision, and its innovative activity thereby enriches the supervisory landscape.
A clear objective of the sandbox is also to deepen the FMA’s knowledge about innovations in the financial marked as well as the opportunities and threats presented.
Applications for admission to the sandbox may be made via the following link: email@example.com