Fintech

FCA opens up new testing ‘sandbox’ for coronavirus fintechs

The sandboxes will focus on key ways to help consumers and businesses affected by the pandemic

The Financial Conduct Authority has opened applications for two new testing environments, with a call to action from fintech firms that will help people through the coronavirus crisis.

The sandboxes will have an emphasis on products and solutions that will assist consumers and firms affected by the pandemic, the regulator said in an announcement on 5 October.

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