In its bid to provide a regulatory environment that is conducive for the deployment of new and innovative Financial Technologies (FinTech) and business models in Sierra Leone, the Bank of Sierra Leone has introduced a Regulatory Sandbox Pilot program. The objective of the program is to enable innovative Fintech products, services and solutions to be deployed and tested in a live environment prior to launch into the marketplace within specified parameters and timeframe.
The Sandbox aims to foster responsible innovation that benefits consumers in Sierra Leone by improving the quality of and access to financial products and services. It would be reviewing and adapting regulatory requirements or procedures that might unintentionally inhibit consumer-friendly innovations or render them non-viable.
The Bank of Sierra Leone now invites applications from Financial Technology (FinTech) companies to participate in the Sandbox Pilot Program. Application is competitive and the Bank of Sierra Leone will select up to six (6) FinTechs in this phase of the program.
For additional information and to download the application form, please visit: www.bsl.gov.sl
Completed application forms should be submitted to:
The Chairman Sandbox Committee Other Financial Institutions Supervision Department 2nd Floor, Main Bank Building Bank of Sierra Leone Freetown Email:sandbox@bsl.gov.sl
