Description: The session aims to thoroughly analyze the pivotal role of regulatory sandboxes in shaping regulatory frameworks regarding data governance, including data sharing, data protection, and artificial intelligence (AI). Over the past decade, regulatory sandboxes have emerged as essential tools for regulators, particularly within the fintech sector, to address challenges posed by emerging technologies across various policy domains. By providing a controlled environment for real-time testing of technological innovations and policy interventions, while integrating necessary safeguards and oversight mechanisms, sandboxes foster responsible innovation and facilitate regulator understanding of evolving technologies and market dynamics. This facilitates the development of agile and contextually relevant regulatory frameworks. Various entities, from think tanks and development banks to governmental ministries and data protection authorities, have actively championed and implemented sandbox initiatives. Insights from these organizations representing diverse geographical regions, including Brazil, Chile, Colombia, India, Nigeria, Norway, Saudi Arabia, Singapore, South Africa, Turkey, and the UK, will be featured in the conversation. The discussion will delve into key aspects of sandbox initiatives undertaken in these countries, addressing inquiries regarding the fundamental characteristics of sandboxes, their efficacy in promoting responsible data governance and AI innovation, regional implementation prospects and challenges, and fostering international collaborations.
Open Zoom
