FAQ

The FSIC is a collaborative platform that connects regulators, innovators, financial institutions, researchers, and ecosystem partners to advance responsible financial innovation.

No. The Centre does not replace regulatory authorities and does not issue licences, approvals, or supervisory decisions. It complements existing regulatory processes by facilitating collaboration, learning, experimentation, and evidence generation.

No. The Centre may support testing and experimentation activities, but it is broader than a sandbox. It focuses on collaboration, ecosystem coordination, problem-solving, and innovation delivery.

Regulators, financial institutions, fintechs, technology companies, academia, researchers, innovation hubs, investors, development partners and other ecosystem participants.

The Centre focuses on challenges relating to financial inclusion, fraud prevention, market efficiency, regulatory innovation, digital transformation, consumer protection, emerging technologies, and financial system resilience.

Through innovation challenges, pilots, research initiatives, roundtables, partnerships, and ecosystem programmes.

Yes. Startups may engage through relevant innovation challenges, pilots, consultations, partnerships and ecosystem programmes, subject to the eligibility requirements of each opportunity.

Support may include problem definition, regulatory dialogue, testing design, stakeholder connections, research, technical expertise, evidence gathering and guidance on appropriate next steps. Support will vary by programme.

No. Participation, testing, feedback or collaboration does not constitute regulatory approval, licensing, certification or endorsement by the FSIC or any participating institution.

Submit through the official innovation-intake form or the application route stated in a published call. The website will provide the required information, eligibility criteria and submission deadline.

A proposal should normally describe the problem, proposed solution, target users, expected benefits, development stage, technology and data needs, regulatory considerations, key risks, team capability and support requested.

This will depend on the programme. Some opportunities may accept individuals or teams, while others may require an incorporated organisation, regulated institution or institutional sponsor.

Regional or international participation may be allowed where it supports the programme’s objectives. Each call will specify any geographic, legal or partnership requirements.

Any application or participation fee will be stated clearly in the relevant programme notice. Applicants should rely only on information published through official FSIC channels.

Ownership and permitted use of intellectual property will be defined in the relevant programme terms or participation agreement. Applicants should review and accept those terms before disclosing confidential intellectual property.

Submissions will be handled under the applicable privacy, confidentiality and information-governance arrangements. Applicants should review the relevant notice and avoid submitting unnecessary sensitive information.

The Centre may publish a defined problem and invite eligible teams to propose, prototype or demonstrate solutions. Each challenge will state its stages, criteria, timeline, support, expected outputs and any awards.

Opportunities will be announced through the Centre’s official website and approved communication channels, together with the scope, eligibility criteria, deadlines and application instructions.

Use the official event page or approved invitation link. Attendance mode, capacity, eligibility, deadlines, waitlist arrangements and cancellation rules will be stated for each event.

Use the official event page or approved invitation link. Attendance mode, capacity, eligibility, deadlines, waitlist arrangements and cancellation rules will be stated for each event.

Personal data will be collected and used only for stated purposes under the applicable Privacy Notice and data-protection requirements. The notice will explain data categories, sharing, retention, safeguards and how to exercise data rights.