Brunei Darussalam Central Bank (BDCB) has introduced amendments to the Guidelines on FinTech Regulatory Sandbox to further support inclusive and responsible innovation in Brunei Darussalam’s financial sector.

The amendments expand participation eligibility to qualified financial institutions, enabling them to test new technologies and innovative solutions alongside FinTech companies within the Sandbox. This is expected to encourage greater collaboration and accelerate the adoption of transformative financial solutions across the industry.  

The amendments are intended to strengthen the role of the BDCB FinTech Regulatory Sandbox as a catalyst for innovation in the financial sector. The Sandbox provides a structured environment for participants to test innovative solutions within defined parameters, supported by appropriate safeguards and regulatory oversight. This allows innovation to be pursued responsibly while safeguarding consumer interests, preserving market stability, and ensuring regulatory compliance.

In addition, the amendments introduce several refinements to provide clarity on the suitability of proposed solutions eligible for testing within the Sandbox. Updates have also been made to the application form to align with current regulatory standards and requirements.

To learn more about the Guidelines on FinTech Regulatory Sandbox, including the application process and participation requirements, please visit the BDCB website at www.bdcb.gov.bn. 

BDCB Enhances the Guidelines on FinTech Regulatory Sandbox