THE SANDBOX PROCESS
1
Applicant submits an application addressing specific gaps
2
Solution targeting specific demography
Innovative customer identification methods and delivery channels
3
PIRI regulators assess application
4
Applicant issued notice of admission
Live testing in a controlled environment
5
Extensive reporting, compliance and monitoring
6
Good indicators for uptake, use, compliance and consumer protection
7
Regulators assess impact and performance in sandbox
Notice of exit from sandbox
8
Guidance towards commercial deployment
READ MORE ON OUR KNOWLEDGE PRODUCT:
Pacific Regional Regulatory Sandbox Guidelines