It is a virtual constructed well-defined space, within which applicants can experiment with innovative FinTech solutions in a live and relaxed regulatory environment for a limited period of time and under a well-defined testing parameter where challenges and risks to the financial system and ordinary FinTech consumers have been strictly contained.
Virtual and experimental space
Regulatory guidance to FinTech businesses
Provides regulatory services
The CBE Sandbox will help in understanding and managing the risks associated with new and disruptive technologies before products hit the mass market. The Sandbox will help in driving more effective competition in Egypt’s financial services market by carefully monitoring and integrating the Fintech’s in the wider eco-system.
Help the Fintech’s to navigate their journey and guide them on Legal, Regulatory and Compliance matters
Facilitate Fintech’s to concentrate on their core business under the supervision of the Regulatory bodies
Provide a structured and controlled environment within which new regulations are identified
A monitored test-bed for FinTech’s to demonstrate their technology
One stop shop for Fintech’s, Financial Institutions, CBE, other regulators and consumers to collaborate and work together to solve the complexities and improve time to market of new innovative products
Support in identifying appropriate consumer protection safeguards to build into new products and services
Ensure that the associated risks are identified and mitigated before the product hits the mass market
Will help in developing an environment of trust and accountability
Increase confidence for the investors locally and internationally and Promote Egyptian Fintech scene