Fractal accepted into cohort 5 of the FCA's regulatory sandbox

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Fractal is part of cohort 5 of the FCA Regulatory Sandbox 

We are pleased to announce that we have been accepted into cohort 5 of the FCA Regulatory Sandbox to further test our innovative solution for financial institutions and their small business clients.

The FCA received the largest number of applications to date from firms operating in the UK and overseas.

Tests will be conducted on a short-term and small-scale basis. The FCA works closely with each firm to agree on testing parameters and build in appropriate consumer safeguards.

You can find more information on the regulatory sandbox, and see the full list of participants here

About Fractal: Fractal is a platform-as-a-service that is reinventing how Small-Medium-Enterprises (SMEs) execute payments and access financial services. Fractal helps financial institutions (FI) and their SME clients save money by providing a smarter payments engine and an insights platform to deliver the right product, to the right SME, at the right time.

For comment, please contact us at press@askfractal.com.