'FinTech: experiment with a regulatory sandbox in real estate | MonitorImmobiliare'

Technological innovation is changing the entire banking, finance and insurance sectors by introducing new commercial models, processes, products and applications.

In this context, a second testing window (so-called sandbox) for techno-financial (FinTech) activities will be organized from November 3 to December 5, during which industry representatives will be able to apply for inclusion in the regulated sandbox, which is in fact a protected and controlled environment for testing new technological projects.

We recall that the sandbox was created by Decree No.

A major step in this direction has already been taken with the adoption of the said Regulation of May 25, 2023, fully implementing Regulation (EU) 2022/858 of the European Parliament and of the Council of May 30, 2022 in Italy.

The sandbox provides financial technology companies participating in it with the opportunity to familiarize themselves with and apply the existing regulatory framework to their new business models and allows authorities to understand these new models in depth, in order to propose new rules to meet the needs of operators or to prohibit''services and products that pose too high risks to the financial market and are not compliant with European and national regulations.

In this major restructuring of instruments and processes related to financial, banking and insurance activities, endorse these important institutional initiatives to contribute, through targeted regulatory measures, to the technological, economic and financial development of our country.