Regulatory Sandbox: A Regulatory Model to Guarantee the Accountability of Electronics Financial Technology Implementation

DOI

10.2991/aebmr.k.200321.021How to use a DOI?

Keywords

electronic transaction, electronic system, financial technology, regulatory sandbox

Abstract

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.

Copyright

© 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/).

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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  -