Background :

Effective regulation to match the pace of innovation in Fintech means having to experiment with Fintech safety in a closed testing environment. This has led to the concept of a regulatory sandbox and has attracted significant attention from many regulators in different countries, who are all struggling with Fintech’s fast-paced innovation but also recognising that Fintech requires a regulatory framework that encourages innovation whilst protecting all stakeholders.

Deploying a regulatory sandbox will test: Fintech’s new business models, the proposed regulatory design for sustaining innovation within the industry, and the safeguarding of all stakeholders’ interests, from Fintech provider to the consumer. Regulating Sandboxes allows regulators;

• consider eligibility criteria, safeguards, and testing requirements,
• to carefully monitor Fintechs’ products and services as well as their business models in a live testing environment under their watch
• to provide a dynamic, evidence-based environment to test emerging technologies to build their knowledge on fintech trends and innovations,
• create a structured process to strengthen dialogue and interaction with the industry, thereby enabling Fintechs to bring innovations to market more quickly.

This course is designed to equip regulators – Central Banking Authorities in Africa, and other stakeholders in the Fintech space – with practical knowledge on the design and implementation of a regulatory sandbox that engenders regulatory agility and financial regulations that fosters Fintech innovation, data privacy and adequate consumer protection.

Learning Objectives

1. Explain the concept and application of regulatory sandbox.
2. Outline the roles and responsibilities of all stakeholders in the implementation of regulatory sandbox.
3. Understand the strategies for building and running a successful sandbox based on global best practices.
4. Evaluate the expected benefits and the identified concerns with the creation of regulatory sandboxes, and or acceleration of its adoption.
5. Demonstrate knowledge of application of regulatory sandbox strategy and its simulation guidance

Learning Outcomes

1. Develop a framework for effective implementation of a regulatory sandbox.
2. Simulate a prototype sandbox.

COURSE FEE
$5,750.00 (Five Thousand, Seven Hundred and Fifty Dollars.) (This fee covers tuition and full course documentation, but EXCLUDES Accommodation, Air fare and other travel costs).

Refund of Fee: Fees paid for participants who do not turn up eventually would be refunded, subject to a deduction of 25% administrative cost.

Account Name: Financial Institutions Training Centre
Bank Name: GT Bank
Account Number: 0129551101
Sort Code: 058-152052
Swift Code: GTBINGLA

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