Amplifi in FCA Regulatory Sandbox 2022.

Amplified Global™ was selected (August 2022) to be part of the Financial Conduct Authority regulatory sandbox.

48 applications were received to join the sandbox since August 2021 and only accepted 13 firms have been accepted so far.

Amplified Global™ will test how simplified terms and regulated notices from lenders can improve comprehension, and lead to improved consumer outcomes.

Amplified Global™ has had FCA innovation support since 2019 to help develop and bring to market our novel technology.

Previous Sandbox participations:

The Lawtech Sandbox Pilot was designed to fast track transformative ideas, products and services that address the legal needs of business and society – accelerating the development of game-changing lawtech.

Engaging consumers in complex information:
Evidence from the Lawtech Sandbox & Amplifi roundtable discussions

LawtechUK supported Amplifi with a series of workshops to research the responsibilities and capabilities of organisations in relation to how they engage with customers contractually, and the efficacy of the regulatory framework underpinning this area. Attendance and engagement was high, across industry, the ethics community, regulators and other public and private bodies.

Read the report - providing important insights, and drawing some initial conclusions as to the way forward.

The Digital Sandbox Pilot was launched by the FCA and the City of London Corporation. It provided innovators with access to a suite of tools to collaborate and develop financial services Proofs of Concept.