In order to accelerate innovation and regulatory efficiency in the financial industry, various regional markets have implemented relevant policies and measures, such as Techsprint, Digital Sandbox (UK), and Fintech Hackcelerator. To encourage large financial institutions to open up the digital environment of financial APIs and attract various innovative ideas and fintech developers to develop innovation demonstrations through multiple modes of cooperation, such as industry-academia, industry-innovation, industry-government, and government-academia. Through the diversified cooperation models, various innovative ideas and fintech developers are enable to carry out innovative demonstration.

The “Digital Sandbox” planned by Fintechspace has three major design backgrounds, namely

Firstly, to encourage the development of co-creation ecology for financial innovation and demonstration.

Secondly, to lower the threshold of financial technology innovation and encourage Taiwan’s technological talents to join financial innovation.

Thirdly, to take care of the risk control of innovation and not to affect the market operation mechanism at the same time.

Digital Sandbox is the first “site-limited” digital common environment of the APIs for financial technology innovation in Taiwan, integrating financial industry-related data and service modules, opening up opportunities from 0 to 1 innovation and innovation cooperation, diverting technology energy into the financial field, and developing emerging financial technology services.

The results come up with “demo and matchmaking” activities, and through the demo of conceptual prototype, the sandbox results are connected with the industry and the market, to push forward the 0-1 innovation coupling with related counseling resources from Fintechspace, such as “seminar and consultation”, “counseling and matchmaking” and “supervisory clinic”, are planned from time to time to help technology-driven innovation applications. In addition, the park also regularly plans related counseling resources, such as “Seminar and Consultation”, “Counseling and Matchmaking” and “Supervision Clinic”, to help technology-driven innovation applications, so that technology innovation and financial market mastery can develop simultaneously and accelerate financial technology innovation.