Amendment of Guidelines on Financial Technology Regulatory Sandbox

Brunei darussalam: Brunei Darussalam Central Bank, BDCB, has introduced amendments to the Guidelines on FinTech Regulatory Sandbox to further support inclusive and responsible innovation in the country's financial sector.

According to Radio Television Brunei, the amendments expand participation eligibility to qualified financial institutions, enabling them to test new technologies and innovative solutions alongside FinTech companies within the Sandbox. This is expected to encourage greater collaboration and accelerate the adoption of transformative financial solutions across the industry. The amendments are intended to strengthen the role of the BDCB FinTech Regulatory Sandbox as a catalyst for innovation in the financial sector.