Autoriti Monetari Brunei Darussalam (AMBD) which repeatedly encourages the event of the monetary sector, specifically, within the space of monetary know-how, or fintech, known as for purposes to enter the AMBD Fintech Regulatory Sandbox.
The AMBD Fintech Regulatory Sandbox was established on February 27, 2017 to facilitate the event of fintech in Brunei Darussalam.
The Sandbox provides the chance for certified Fintech corporations to check and experiment their merchandise and innovation in a versatile regulatory atmosphere, for a restricted interval and inside set boundaries.
Because the institution of the sandbox, AMBD has authorized various corporations to check their fintech services and products within the Sandbox. The kind of fintech services and products which are appropriate for the Sandbox embody these within the areas of banking, capital markets and insurance coverage/takaful, or revolutionary areas of finance inside AMBD’s regulatory scope that has the potential to profit customers.
For info, go to www.ambd.gov.bn/fintech-office.
AMBD stays dedicated to the nation’s monetary stability in addition to the pursuits of monetary customers, and is repeatedly monitoring the dangers concerned in and growth of fintech services and products.