back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Solidatus supports FCA Digital Sandbox Pilot

By Edil Corneille

December 02, 2020

  • Solidatus
  • UK
Share

Solidatus, London, FCA, Digital Sandbox Pilot, banks, regulation, metadataLondon-based Solidatus announced that it is supporting the Financial Conduct Authority (FCA) and the City of London Corporation with the Digital Sandbox Pilot, coinciding with its opening to banks and regulators.

Solidatus is providing its modelling software for pilot participants to view the structure of synthetic data within the sandbox and its interrelated properties, making it easy for them to find the information they require. Additionally, Solidatus’ proprietary Data Catalog ensures that common terms are used and understood within the Digital Sandbox ecosystem, and GDPR entities can also be tagged, allowing users to rapidly discover, document, analyse and share data within the system.

Elizabeth Squire of Solidatus adds, “The FCA is recognised worldwide as being at the forefront of innovation, helping financial institutions to develop and safely adapt approaches to some longstanding challenges faced by the financial sector. Solidatus has always recognised that supporting such a vital endeavour plays a foundational role when it comes to helping financial organisations solve some of the biggest data challenges facing the industry.”

The Digital Sandbox Pilot project provides users with access to a suite of tools to collaborate and develop financial services Proofs of Concept for anti-financial crime algorithms. It trials a digital testing environment by providing support to products and services which are at an early stage of development.

The Pilot will focus on three issues, in particular within the financial services industry, which has been impacted by the Coronavirus (COVID-19) pandemic. They are preventing fraud and scams, assisting vulnerable consumers, and improving access to finance for small and medium enterprises (SMEs).

Solidatus’ modelling software will run until early February 2021. The project will be continually assessed against innovation, speed, collaboration, pilot features and a sustainable future. The Pilot is intended to play a central role in informing and assisting the design and future operating model of a permanent Digital Sandbox fixture in the UK.

Solidatus successfully provided its software to the FCA DataSprint to model the synthetic data that was created for the pilot earlier this year.

Previous Article

December 02, 2020

African-American Credit Union Coalition announces Fiserv as corporate partner

Read More
Next Article

December 02, 2020

Nubank in partnership with Chubb launches Nubank Vida, a fully digital life insurance offering

Read More










IBSi Daily News Analysis

The Weekly Wrap

October 07, 2022

Solidatus

The Weekly Wrap: all you need to know by Friday COB | Oct 7th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

UT Federal Credit Union partners with Lumin Digital for enhanced digital banking services

Read More

Today

Kotak Mahindra Bank partners with Finastra for Kotak FYN

Read More

Today

Singapura Finance launches internet banking powered by Tagit

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022