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Final report from the Regulatory Sandbox project

From May 2020 to December 2020, we have participated in the Norwegian Financial Supervisory Authority's (FSA) Regulatory Sandbox for Fintech. The months in the sandbox have been characterized by exciting conversations with Norway’s FSA about regulatory clarifications in order to be able to innovate in anti-money laundering work. The final report is now published with insight into the process, the project and the regulatory issues that have been discussed.

The participation in Norway's first regulatory sandbox has given Quesnay a unique opportunity to discuss issues that concern our customers in banking and finance and to be able to create solutions that satisfy regulatory requirements while streamlining the workday of reporting entities. Both Quesnay and Norway’s FSA perceive the participation as very valuable.

“Norway’s FSA’s assessment is that the project with Quesnay has been successful, and in line with the goals set for the regulatory sandbox. The work has contributed to increased knowledge and clarification in an area that is of great social significance. In addition, issues were identified that will be useful in Norway’s FSA’s further work”, says Vidar Stjern Nordtømme, in Norway’s FSA’s update on the final report.

You can read the final report in Norwegian here

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Want to know more?

Contact marketer Isabella Giardina at isabella@quesnay.com for more information about our participation in the regulatory sandbox, our focus on innovation and our solutions. Read our previous updates on our participation here and here.