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Global Experiences from Regulatory Sandboxes (English)

Regulatory sandboxes have become synonymous with fintech innovation and offer the unique benefit of providing the empirical evidence needed to substantiate decisions. This paper on Global Experiences from Regulatory Sandboxes brings together detailed lessons learned and case studies from sandboxes across the globe. Our research has identified 73 sandboxes in 57 jurisdictions. This is currently the most up-to-date resource for sandboxes available and is supplemented with an interactive database on Key data from Regulatory Sandboxes across the globe. Please see:


  • Author

    Appaya,Mandepanda Sharmista, Gradstein,Helen Luskin, Haji Kanz,Mahjabeen

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    Working Paper

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    The World Region,

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  • Doc Name

    Global Experiences from Regulatory Sandboxes

  • Keywords

    payment and market infrastructure; support policy; Combating the Financing of Terrorism; information and communication technology; legal and regulatory framework; stakeholder need; global experience; global financial; financial service; financial sector regulation; country case study; civil law country; common law country; time to market; financial service industry; incumbent service provider; approaches to regulation; million people; barriers to inclusion; existing business practice; consultations with stakeholders; mobile network; financial sector regulator; consumer protection measure; barrier to entry; application programming interface; availability of resource; list of countries; legal system development; regulatory technology; business model; regulatory environment; regulatory change; opportunity cost; financial inclusion; emerging technology; new technology; financial innovation; regulatory tool; policy question; supervisory practice; market demand; regulatory authority; investment growth; application process; new product; simulation exercise; regulatory requirement; artificial intelligence; advanced economy; angel investor; cross-border payment; individual market; new business; regulatory outcome; regulatory institution; regulatory uncertainty; financial system; regulatory burden; existing law; supporting technology; Payments for Services; custom framework; regulatory approach; global market; data aggregation; mature market; digital id; still others; regulatory adjustment; technology innovation; entrepreneurial environment; last resort; payment system; information exchange; local source; bureaucratic process; government authority; national institute; health industry; increased demand; security software; mitigating risk; institutional objectives; Financial Stability; regulatory objective; partnership arrangement; regulatory instrument; regulatory measure; legal environment; regulatory need; interest issue; appropriate regulation; virtual environment; regulatory law; business case; financial product; innovative business; possible future; internal capacity; governance model; Market Studies; open model; market study; dynamic efficiency; empirical evidence; market condition; risk appetite; legal change; institutional constraint; market development; hybrid system; strategic framework; gap analysis; state regulator; regulatory program; market viability; jurisdictional authority; medical use; degenerative disease; early detection; data service; noncommercial purposes; photo credit; technological innovation; legal jurisdiction; interagency collaboration; regional bloc; measurement framework; regulatory implication; subsidiary right; eligibility criterion; donor grant; innovative product; insurance product; basic authority; country survey; national strategy; competitive outcome; regulatory innovation; tax incentive; financial regulator; regulatory incentive; regulatory cooperation; identity verification; feasibility assessment; consumer safeguard; financial entity; market competition; rating agency; licensing arrangement; Central Banking; product testing; stress testing; cloud computing; government committee; effective cooperation; insurance companies; Online Banking; payment solution; early success; evaluation result; quantitative indicators; aid agency; innovation policy; banking sector; non-governmental organization; innovation development; Innovation Policies; specific regulation; market intelligence; nascent market; cross-border cooperation; medium-sized enterprise; online application; mobile money; authorized bank; administrative region; pilot testing; regulatory community; national jurisdiction; recent years; collaborative approach



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Appaya,Mandepanda Sharmista Gradstein,Helen Luskin Haji Kanz,Mahjabeen

Global Experiences from Regulatory Sandboxes (English). Fintech Note,No. 8 Washington, D.C. : World Bank Group.