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Running a Sandbox May Cost Over $1M, Survey Shows

CGAP and the World Bank surveyed regulators across 30 countries to find out how and why they’re using regulatory sandboxes and what it takes to run one.
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Do Regulatory Sandboxes Impact Financial Inclusion? A Look at the Data

CGAP estimates that less than 25 percent of sandbox-tested solutions address financial inclusion. Here's how to change this.
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I-SIP Approach Helps Russia Shape Inclusive Financial Policy Making

Find out how Russia's central bank is using the I-SIP approach to promote financial inclusion.
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How the Philippines Applied I-SIP Approach to Basic Deposit Accounts

Learn how the Philippine Central Bank is advancing financial inclusion using a new CGAP toolkit for policy makers.
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A Growing Trend in Financial Regulation: Thematic Sandboxes

More regulators are experimenting with "thematic sandboxes" that are designed to advance a specific policy goal. Here are three types of thematic sandboxes we've seen emerge over the past year.
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Let’s Free Up Cash Networks by Rethinking Agent Regulations

Regulations often give big financial institutions near total control over mobile money cash-in/cash-out networks. Changing the rules would enable small entrepreneurs to play a bigger role in building last-mile cash networks.
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It’s Time to Deregulate Agent Cash In/Cash Out

Agent regulations often treat agents like extensions of bank branches. But the reality is that many agents conduct a far more limited range of financial activities and should be regulated differently.
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A Better Way to Create a Regulatory Sandbox

Regulatory sandboxes usually evolve over time. Why not start with a simple version that's easy to update based on user feedback?
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One Thing Regulators Should Do Before Launching a Sandbox

Financial regulators should consult with industry early and often if they are thinking about creating a regulatory sandbox.
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Global Financial Innovation Network: Not Global Yet

The rapidly evolving FinTech space has many regulators worried about their ability to keep pace. A new global network of regulators aims to offer practical guidance and promote cooperation in the space, but to succeed it will need a diverse membership.
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How Regulators Can Foster More Responsible Digital Credit

Regulators can help ensure digital credit helps, rather than harms, poor customers by taking these steps.
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4 Regulatory Enablers for Digital Finance: A Gender Perspective

Unless policies consider gender, we risk leaving behind the most vulnerable in society, particularly women, limiting our ability to achieve the SDGs. However, if implemented with gender in mind, the basic regulatory enablers of digital finance can increase women's financial inclusion.
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What Can We Learn from Sierra Leone’s New Regulatory Sandbox?

Sierra Leone's approach to setting up a regulatory sandbox for financial inclusion holds important lessons for other countries.
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RegTech and Digital Finance Supervision: A Leap into the Future

Are digital finance supervisors in emerging markets ready to adapt the latest regulatory compliance technologies?
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Better Regulations Can Spur Agent Banking in WAEMU

Regulations in the West African Economic and Monetary Union have enabled mobile money providers to double their agent networks since 2014, while restricting banks and microfinance institutions. Better regulations would create a level playing field and expand financial inclusion.
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What Should We Realistically Expect from Regulatory Sandboxes?

Just how far could regulatory sandboxes go toward spurring financial innovations in low-income countries?
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Regulatory Sandboxes: Potential for Financial Inclusion?

Regulatory sandboxes are now being used to spur FinTech innovations in 18 countries. What impact could these new regulatory tools have on financial inclusion going forward?
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A Practitioner and a Regulator Talk Digital Credit

Do the benefits of digital credit outweigh the risks for consumers? A practitioner and regulator share their viewpoints.
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RegTech: Are Supervisors Ready for the Data Revolution?

Technology and data are considered the engine of new financial disruption. FinTech's lesser-known sibling, RegTech, refers to technology that can improve efficiency, consistency, and ease of supervisory processes. What does this revolution look like?
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Interoperability and Financial Inclusion: The Regulator’s Role

Interoperability can greatly expand the reach and usefulness of financial services for the poor. What do regulators need to know about the complex interplay between interoperability and financial inclusion?