Regulation Experimentation: Innovation Sandboxes

Posted February 21, 2019 | Leadership |

Fintech firms are bringing to market a variety of technologies to introduce new products and compete with existing firms. However, the financial markets have a long history of regulation, meant to protect depositors and stakeholders and maintain the safety and soundness of the financial system. The industry must begin by creating an experimental space (a small market), where technology and its related products can be introduced. This is known as a “sandbox.”

About The Author
Salvatore Moccia is Director of the Executive Master in Digital Transformation and Professor of Strategic Management at the International University of La Rioja, Spain, and holds visiting positions in Armenia, Germany, Switzerland, and Thailand. He is the founder and CEO of several digital content websites, including Fintech News and Shared Mobility. Dr. Moccia also serves as board member and Secretary General for the foundation "A Bridge to the… Read More
Katia Passerini is a Senior Consultant with Cutter Consortium. Dr. Passerini is also Provost and Executive Vice President (EVP) of Seton Hall University. Passerini recently served as the Lesley H. and William L. Collins Distinguished Chair and Dean of the Lesley H. and William L. Collins College of Professional Studies at St. John's University. Previously, she was Professor and Hurlburt Chair of Management of Information Systems (MIS) and served… Read More
Igor Tomic is Professor of Economics at the Peter J. Tobin College of Business, St. John’s University. He is Director of Global Business Research Symposium and past Editor of Review of Business. Dr. Tomic is the author of Managerial Economics: Tools and Concepts; Essentials of Monetary and Fiscal Economics (with C.L Jain); and has published articles in the areas of mergers, privatization, common currencies, and financial stability. Before… Read More
Not a Cutter Community Member? Register today to read select open-access articles.