- Introduction
The whole process of introduction of financial services based on
technological innovation to the financial market is called Fintech.
Upon the introduction of new products and services to the market
with the help of Fintech, financial institutes become able to
conduct a wider range of activities at a lower expense.
Sandbox regulation is one type of the regtech which aims to
develop a regulatory environment that suits fintech companies and
protect consumers, without hindering the rapid changes and
development of the market. Regtech is a combination of the terms -
"regulation" and "technology" and is a type of
technology aimed to resolve the regulatory and compliance issues in
the financial sector. As financial products and services become
more digital, information privacy, cyber-attacks, money laundering
and other fraudulent activities increase. At this time, Regtech
companies protect financial institutes from risks and facilitate
risk management
