BSE (formerly Bombay Stock Exchange) has set up an ‘Innovation Sandbox’ web portal, a workflow based platform. It is a testing environment that enables FinTech firms and individuals to do offline testing of their applications.
- The innovation sandbox is set up as per the guidelines of Securities and Exchange Board of India (SEBI).
Aim: To create an ecosystem which promotes innovation in the securities market.
Applicants can Access APIs etc.,
The applicants can access the APIs, test data of stock exchanges, depositories and Qualified Registrar and Share Transfer Agents (QRTAs) etc. through this portal.
Selection Process of Applicants
After the approval from innovation sandbox committee, the applicant can access the portal to test its product or solution
Guidelines for Regulatory Sandbox: SEBI
In June 2020, SEBI released guidelines for the regulatory sandbox to enable entities regulated by SEBI to test their new solutions in a live environment and on a limited set of real customers with necessary safeguards.
Recent Related News:
After the commencement of Test Phase of First Cohort under the Regulatory Sandbox (RS) by Reserve Bank of India (RBI) on November 17, 2020, click here to read, now the apex bank has announced the opening of the Second Cohort on the theme of “Cross Border Payments”.
About BSE (formerly Bombay Stock Exchange)
It is Asia’s first & the Fastest Stock Exchange in the world with the speed of 6 micro seconds and one of India’s leading exchange groups.
MD & CEO– Ashishkumar Chauhan
HeadQuarters– Mumbai, Maharashtra