Lynn Johannson, Advisor, Sustainability and ESG
January 4th, 2024
FCA Regulatory Sanbox | Aug 8, 2018
We received 69 applications for cohort 4 of the regulatory sandbox. Applications came from a diverse range of firms operating across the financial services sector including in areas such as consumer credit, automated advice and insurance.
29 firms have been accepted to develop towards testing, including 3 firms that were accepted as part of previous cohorts but did not proceed to test. Firms that have been accepted to develop towards testing are listed below, except for one firm that has asked not to be named at this point in time.
We have accepted a number of firms that will be testing propositions relating to cryptoassets. We are keen to explore whether, in a controlled environment, consumer benefits can be delivered while effectively managing the associated risks.
Tests will be conducted on a short-term and small-scale basis and the FCA is working with each firm to agree testing parameters and build in appropriate consumer safeguards.
Cohort 4 firms | Description |
BlockEx | Platform that facilitates the issuance and manages the lifecycle of regulated bonds using DLT. |
Capexmove
| Platform that uses DLT to allow small companies to raise capital in a more efficient and streamlined way. |
Chasing Returns
| Psychology-based risk platform that promotes good money management discipline and improves outcomes for customers that trade Contracts for Difference (CfDs). It acts like a digital coach, encouraging adherence to money management and risk exposure levels. |
Community First Credit Union
| Initiative to facilitate creation of an identity token that supports customers who lack traditional forms of ID, in order to assist them in accessing bank account services in the UK. |
Creativity Software
| RegTech solution that supports regulated activities in the UK to achieve more secure customer authentication via mobile phone network based geolocation services. The intention is to draw on geolocation technology to protect UK bank customers from fraud and crime. |
CreditSCRIPT
| Investment platform that gives professional and institutional investors access to a wide range of online lending markets through a single access point. Investors will be able to gain exposure to consumer, SME and real estate loans via CreditSCRIPT. |
Dashly
| Fully autonomous, ‘always-on’ mortgage advice platform that continuously tracks and compares a borrower’s existing mortgage, alerting them the moment it pays to switch. |
Etherisc
| Service that uses smart contracts on a blockchain to provide fully automated, decentralised flight delay insurance. |
Fineqia
| Blockchain-based digital platform that enables companies to issue and administer debt and equity securities, including bonds backed by cryptoassets. |
Fractal
| Insights platform using distributed ledger and artificial intelligence technology to power SME financing by digitising credit applications and connecting loan issuances to the underlying financial data. |
Globacap
| Capital raising platform for SMEs and institutional investors which facilitates the issuance process of debt and equity securities. Globacap use DLT to simplify and streamline the issuance process.
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The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org
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Craig Asano
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