Financial institutions are under constant pressure to reduce costs, improve operational efficiency, adapt to regulatory changes and grow their business. NRI believes that a combination financial knowledge and information technology are crucial to the industry’s growth and development. Through our lakyara reports, NRI identifies the various capital markets and IT issues impacting our clients and the future of their business.
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Regulatory sandboxes are gaining popularity as a framework for promoting financial innovation by cordoning off a sort of “safe space” for testing new business ideas within an existing regulatory regime. Regulatory sandboxes are expediting the financial sector’s shift toward more consumer-responsive business models in the aim of better serving customers.