The Central Bank of Ireland has announced the theme for the upcoming Innovation Sandbox Programme.
The theme is Combatting financial crime: Through the use of innovative technology, foster and develop solutions that minimise fraud, enhance KYC/AML/CFT frameworks, and improve day to day transaction security for consumers.
On its updated web page, the CBI said ” as part of Consultation Paper 156 (“Central Bank approach to innovation engagement in financial services”), which launched in November 2023, Central Bank of Ireland outlined its intention to establish an Innovation Sandbox Programme.
“The Innovation Sandbox Programme will inform the early stage development of selected innovative initiatives (consistent with public policy objectives) and provide regulatory advice and support.”
The Innovation Sandbox Programme will commence in December 2024 and the programme will run for six months, and any questions can be directed to: [email protected]
For the full background, see the CBI Page here.
