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Using the regulation sandbox to bring innovation to the banking industry in South Africa
Dissertation (LLM (Banking Law))--University of Pretoria, 2023.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2024
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| _version_ | 1867613631446777856 |
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| access_status_str | Open Access |
| author2 | Van Heerden, C.M. (Corlia) |
| author_browse | Van Heerden, C.M. (Corlia) |
| author_facet | Van Heerden, C.M. (Corlia) |
| collection | Thesis |
| dc_rights_str_mv | © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (LLM (Banking Law))--University of Pretoria, 2023. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/94830 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:12.888Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/94830 Using the regulation sandbox to bring innovation to the banking industry in South Africa Van Heerden, C.M. (Corlia) marianne.grobler3@gmail.com Van Rooyen, Marianne UCTD Regulatory sandbox Innovation Banking sector FinTech Intergovernmental Working Group Dissertation (LLM (Banking Law))--University of Pretoria, 2023. The world has been swept up in the rapid progress of technology, and the financial services industry is no exception. Financial technology developments, referred to as FinTech, have forced role-players in the industry, including regulators and banks, to evolve in attempts to provide modern, effective and easy solutions to customers to ensure fair and satisfactory customer experiences, whilst remaining relevant and competitive in the market. As a result, regulators have also been faced with difficulties in the sense that an antiquated regulatory framework fails to allow for these developments, further hampered by the slow reform of the framework. Different approaches have been developed in dealing with these developments, including the “wait-and-see” approach; the “test-and-learn” approach; the innovation facilitators and regulatory laws and reforms. This dissertation focuses on the approach relating to innovation facilitators, more specifically, the development and use of regulatory sandboxes, which is an environment where innovators in the financial services industry can test their products, services and business models under the supervision of regulatory authorities. The regulatory sandbox presents an avenue for traditional banks to explore and adopt innovative solutions that can enhance their operations, improve customer experiences, and drive efficiency. This dissertation explores the development, implementation and success of the regulatory sandbox in South Africa, as well as the FinTech that prompted the establishment thereof. It further gives a comparative overview of the regulatory sandbox in the United Kingdom and concludes with recommendations for the improvement of the regulatory sandbox environment in South Africa. Mercantile Law LLM (Banking Law) Unrestricted Faculty of Laws None 2024-02-22T10:58:35Z 2024-02-22T10:58:35Z 2024-04 2023 Dissertation * A2024 http://hdl.handle.net/2263/94830 https://doi.org/10.25403/UPresearchdata.25249198 en © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Regulatory sandbox Innovation Banking sector FinTech Intergovernmental Working Group Using the regulation sandbox to bring innovation to the banking industry in South Africa |
| title | Using the regulation sandbox to bring innovation to the banking industry in South Africa |
| title_full | Using the regulation sandbox to bring innovation to the banking industry in South Africa |
| title_fullStr | Using the regulation sandbox to bring innovation to the banking industry in South Africa |
| title_full_unstemmed | Using the regulation sandbox to bring innovation to the banking industry in South Africa |
| title_short | Using the regulation sandbox to bring innovation to the banking industry in South Africa |
| title_sort | using the regulation sandbox to bring innovation to the banking industry in south africa |
| topic | UCTD Regulatory sandbox Innovation Banking sector FinTech Intergovernmental Working Group |
| url | http://hdl.handle.net/2263/94830 https://doi.org/10.25403/UPresearchdata.25249198 |