{"id":32011,"date":"2020-10-21T05:22:04","date_gmt":"2020-10-21T05:22:04","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=32011"},"modified":"2020-10-21T05:22:06","modified_gmt":"2020-10-21T05:22:06","slug":"ifsca-introduced-framework-for-regulatory-sandbox-to-tap-into-innovative-fintech-solutions","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/ifsca-introduced-framework-for-regulatory-sandbox-to-tap-into-innovative-fintech-solutions\/","title":{"rendered":"IFSCA introduced Framework for Regulatory Sandbox to tap into innovative FinTech solutions"},"content":{"rendered":"\n<p>International Financial Services Centres Authority (IFSCA) has introduced a Framework for Regulatory Sandbox to tap into innovative FinTech solutions.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Daily Current Affairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key-Points<\/strong><\/h2>\n\n\n\n<p>IFSCA has an objective to develop a world class FinTech hub at the IFSC located at GIFT City in Gandhinagar (Gujarat, India).<\/p>\n\n\n\n<p>Thus, it endeavours to encourage the promotion of financial technologies (\u2018FinTech\u2019) initiatives in financial products and financial services across the spectrum of banking, insurance, securities and fund management.<\/p>\n\n\n\n<p>As a step towards attaining this vision, IFSCA has introduced a framework for \u201cRegulatory Sandbox\u201d.<\/p>\n\n\n\n<p>Under this Sandbox framework, entities operating in the capital market, banking, insurance and financial services space shall be granted facilities to experiment with innovative FinTech solutions in a live environment with a limited set of real customers for a limited time frame.<\/p>\n\n\n\n<p>These features shall be fortified with necessary safeguards for investor protection and risk mitigation. The Regulatory Sandbox shall operate within the IFSC located at GIFT City.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Financial Services Centres Authority (IFSCA) has introduced a Framework for Regulatory Sandbox to tap into innovative FinTech solutions. Daily Current Affairs Quiz 2020 Key-Points IFSCA has an objective to develop a world class FinTech hub at the IFSC located at GIFT City in Gandhinagar (Gujarat, India). Thus, it endeavours to encourage the promotion of [&hellip;]<\/p>\n","protected":false},"author":404,"featured_media":32012,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1279],"tags":[68],"offerexpiration":[],"class_list":["post-32011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-october-2020","tag-science-technology-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/32011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=32011"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/32011\/revisions"}],"predecessor-version":[{"id":32013,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/32011\/revisions\/32013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/32012"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=32011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=32011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=32011"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=32011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}