Regulatory sandbox to be developed for fintech solutions

The latest version reduced the number of fintech solutions for the regulatory sandbox from six to three due to limited resources. — Vietnam News

HANOI: The State Bank of Vietnam has submitted to the government a draft decree on a regulatory sandbox for financial technology (fintech), in which the pilot implementation will be carried out for only three solutions, credit scoring, open application programming interface (API) and peer-to-peer (P2P) lending.

After seven versions of the draft, which have been developed since 2023, the latest version reduced the number of fintech solutions for the regulatory sandbox from six to three due to limited resources.