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Arguments continue over who’s allowed to play in fintech sandbox

Arguments continue over who’s allowed to play in fintech sandbox

The Labor Party says it supports a long-held government plan to make it easier for fintech companies to test their products without a financial services licence, though only if it can be guaranteed this won't let companies develop tech with "predatory practices".

by Shared by The Age | Sep 24, 2019

In May 2017 the Turnbull government committed to relaxing rules for the so-called fintech regulatory sandbox, a program that is designed to make it easier for startups to grow by allowing them to test their products even if they do not yet have full financial services licences or credit licences.