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Sandbox Adds Two Projects
The Financial Regulatory Authority has granted preliminary approval for two projects to join its regulatory sandbox, the “FRA Sandbox”: a project by We Lend, in collaboration with Tamweely, to assess the creditworthiness of small and medium-sized enterprises using artificial intelligence and alternative data; and an educational platform by Roaya Online Securities Trading that simulates the stock market for young people aged 15 to 35. The platform aims to introduce users to the mechanics of investing and trading, while the first project seeks to improve the efficiency of credit assessments by combining technical analysis with human review. Their addition brings the number of projects to receive preliminary approval since the sandbox launched to 11, two of which have moved on to live testing.
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