Call for ideas
Posted on: 2024-09-30 16:37:23
The Royal Monetary Authority of Bhutan is excited to announce the Call for Ideas for the Second Cohort of its FinTech Regulatory Sandbox. This initiative aims to invite Expressions of Interest (EoI) from Bhutanese individuals and registered IT firms who are eager to co-create and co-develop innovative fintech product and services that will redefine the future of financial system.
The goal of this initiative is to foster innovative ideas and solutions that will:
- Enhance access to financial services.
- Improve the efficiency of existing financial processes.
- Create new business opportunities that support the digital economy.
The online application portal (http://fintechbhutan.bt/form/index.php) will be open until 31st October 2024. After the deadline, an evaluation committee will assess all applications, and selected applicants will be notified accordingly.
Participants in the sandbox will have the opportunity to:
- Engage in a learning-by-doing approach.
- Receive guidance from domain and regulatory experts.
- Experience regulatory relaxation where applicable.
- Obtain valuable feedback from customers and industry specialists.
- Access essential FinTech innovation resources during the testing phase.
- Benefit from FinTech innovation grant support.
We encourage all interested parties (local and international) to submit their innovative ideas and solutions that can contribute significantly to Bhutan's financial ecosystem. Together, we can
pave the way for a more inclusive and efficient financial future.
For more information contact the Department of Technology and Innovation at itd@rma.org.bt (321698).
Call for ideas
