THE Reserve Bank of Zimbabwe (RBZ) this week began taking applications for its financial technology (fintech) regulatory sandbox, which it says was established to “promote safe and responsible innovation” in the financial services sector.
In a document published this week, the apex bank said it had noted a growing number of fintech start-ups which “require support and an enabling research and development environment”.
“In this regard, the reserve bank has undertaken to encourage innovations in the financial services sector, by developing guidance and standards on controlled testing of technologies with broad relevance for financial services market development.
“As part of the process, the bank has outlined guidelines for the incubation pro
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