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              <text>Vikram, K.; Agarwal, Dev; Joseph, Jerush John</text>
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              <text>Bridging Sustainable Innovation: Developing a Regulatory Sandbox Model for FinTech Products</text>
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              <text>01-01-2025</text>
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              <text>Lecture Notes in Networks and Systems;Volume;1253 LNNS;pp.191-200</text>
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              <text>Vikram K., School of Commerce, Finance and Accountancy, CHRIST (Deemed to be University), Bengaluru, India; Agarwal D., School of Commerce, Finance and Accountancy, CHRIST (Deemed to be University), Bengaluru, India; Joseph J.J., School of Commerce, Finance and Accountancy, CHRIST (Deemed to be University), Bengaluru, India</text>
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              <text>The evolution of the regulatory sandboxes in the world and its impact on the rapidly growing FinTech sector in the world is explored in this study, while comparing the successful sandboxes from around the world, relatively modified sandboxes for India is proposed. With the FinTech sector witnessing significant growth in recent years, the paper highlights the risks of scams and frauds, emphasizing the need for regulatory sandboxes to mitigate these challenges before introducing the product into the market. By comparing successful models of the United Kingdom and Singapore, the research identifies gaps in the existing Indian framework and proposes a tailored regulatory sandbox model. The modified model adds feasibility and sustainability assessments, which ensures a balanced approach to innovation, consumer protection, and financial stability. It explains the different eligibility criteria required to be met at each stage of the pilot testing as per Indian policies and explained the benefits of such tailored sandbox to the regulators, firms as well as the users of FinTech products.  The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025.</text>
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              <text>FinTech; Innovation; Regulatory sandbox; SFR sandbox model; Sustainability</text>
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              <text>ISSN: 23673370; ISBN: 978-981961740-1;</text>
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