Regulatory Sandbox

Advances in financial technology (Fintech) have led to the emergence of products and services that have the potential to make conducting financial transactions more efficient and less expensive. However, the rapid evolution of Fintech also means that these innovations might not be captured under current financial sector legislation that exists to protect Barbadians.

As a result, the Central Bank of Barbados (CBB) and the Financial Services Commission (FSC), the nation’s two financial regulators, have established a Regulatory Sandbox where entities can do live testing of their products and services.

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