UK Financial Conduct Authority (FCA) announced on 20 July the launch of its Digital Sandbox, a permanent platform designed to support tech firms in early product development stages. Starting from 1 August, the platform provides a secure testing environment for businesses, startups, and data providers, including those from the banking, investment, lending, and payment sectors to test their products and services. The Digital Sandbox intends to stimulate innovation, promote economic growth, and enhance international competitiveness.