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Fintech, WealthTech, Cyber, Data, Blockchain, AI
Lawtech Boost—The U.K. Announces R&D Initiative To Accelerate Legal Services Technology Development. This week, Britain’s Ministry of Justice, the LawTech Delivery Panel and Tech Nation - a government-sponsored body created to support the digital economy - have jointly announced plans for the creation of an R&D sandbox. A place where new concepts can be tested in a regulatory compliant environment. The inspiration for the sandbox came in part from a similar exercise carried out by the Financial Conduct Authority (FCA) in 2015 to allow financial technology companies to test ideas. It’s an initiative that has played a role in driving the success of Britain’s fintech sector.
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