Regulatory Sandbox: A Regulatory Model to Guarantee the Accountability of Electronics Financial Technology Implementation
- 10.2991/aebmr.k.200321.021How to use a DOI?
- electronic transaction, electronic system, financial technology, regulatory sandbox
The development of innovation in the technology sector has led to a variety models and variations in financial technology products and services. As a measure to ensure the utilization of financial technology for economic growth and to prevent the potential disruption of financial system stability, a sandbox system is used to obtain innovation, services, business models, and financial technology services. This paper compares the regulatory sandbox’s regulation in various countries and Indonesia. Also discussed how regulatory sandbox ensuring accountability in the implementation of financial technology. The conclusions generated from this study is there is such a general arrangement between countries that applies regulatory sandbox in their fintech regulations. In Indonesia itself, there has been no firm coordination between technical and business government institution regarding the implementation of regulatory sandbox as a preventive measure of consumer protection.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Edmon Makarim AU - Zahrashafa Putri Mahardika PY - 2020 DA - 2020/03/27 TI - Regulatory Sandbox: A Regulatory Model to Guarantee the Accountability of Electronics Financial Technology Implementation BT - Proceedings of the 3rd International Conference on Law and Governance (ICLAVE 2019) PB - Atlantis Press SP - 164 EP - 171 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200321.021 DO - 10.2991/aebmr.k.200321.021 ID - Makarim2020 ER -