FCA Digital Sandbox supports firms at early stage of product development with access to consumer and market data and showcase their solutions. In the meantime, the platform also provides the opportunity for data providers to showcase the API and access to the community.
In a nutshell, the service offers:
- synthetic and publica available data asset to enable testing, training and validation of prototype technology solutions.
- An ‘API marketplace’ where digital service providers list and provide access to services via APIs.
- An environment where applicants can access the data assets on-platform and develop and test their solution.
- A platform that facilitates an ecosystem of key organisations that will provide support and input to Digital Sandbox participants, such as incumbents, academia, government bodies, venture capital and charities.
- A space to enable regulators and other interested parties to observe in-flight testing at a technical level, to inform policy thinking in a safeguarded environment.