Deadline: 31 October 2024
The Royal Monetary Authority of Bhutan is inviting applications for the Second Cohort of its FinTech Regulatory Sandbox Initiative.
This initiative aims to invite Expressions of Interest (EoI) from Bhutanese individuals and registered IT firms who are eager to co-create and co-develop innovative fintech products and services that will redefine the future of the financial system.
Objectives
- The goal of this initiative is to foster innovative ideas and solutions that will:
- Enhance access to financial services.
- Improve the efficiency of existing financial processes.
- Create new business opportunities that support the digital economy.
Benefits
- Participants in the sandbox will have the opportunity to:
- Engage in a learning-by-doing approach.
- Receive guidance from domain and regulatory experts.
- Experience regulatory relaxation where applicable.
- Obtain valuable feedback from customers and industry specialists.
- Access essential FinTech innovation resources during the testing phase.
- Benefit from FinTech innovation grant support.
Eligibility Criteria
- They encourage all interested parties (local and international) to submit their innovative ideas and solutions that can contribute significantly to Bhutan’s financial ecosystem.
For more information, visit Royal Monetary Authority.
