FinTechBhutan

Applicant Details

Company Firm Individual

Name:

Thematic area:

License/CID Number:

License/CID Attachement:

Name of key personnel and attach profile/CV:

Website:

E-Mail:

Phone Number:

Location:

Shareholders (if any):

Nature and scale (Not Applicable for individual applicants):

Overview of the Proposal

Briefly describe the proposed FinTech solution (Additional information may be provided as supporting documents):

Timeline of the project Briefly describe the timelines relevant to development and deployment of the proposed solution (Additional information may be provided as supporting documents):

Briefly describe the underlying technologies and infrastructure of the proposed solution (Additional information may be provided as supporting documents):

Financial projection for the proposed FinTech solution:

Provide evidence of resources (Financial, personnel and infrastructure) available to support testing in the sandbox:

Regulatory Sandbox Evaluation Criteria

Briefly describe how the FinTech solution is innovative, i.e. it constitutes a significantly unique offering to the financial ecosystem, utilizing new or emerging technologies defined under the scope of the regulatory sandbox with supporting statistics. Provide details of adequate market research and due diligence conducted on the proposed FinTech solution (Additional information may be provided as supporting documents):

Explain how the proposed FinTech solution is novel and will address gaps prevalent in the financial ecosystem or offer benefits through improved access to financial services or increase efficiency of existing processes and create new opportunities for investment in the national economy (Additional information may be provided as supporting documents):

Describe and attach the business strategy and plan including the roadmap to deploy the proposed FinTech solution on a broader scale after exiting the sandbox and prove the viability and scalability of the proposed FinTech solution for the domestic and/or international market (Additional information may be provided as supporting documents):

Describe your proposed exit strategy in the event of discontinuation at any time or deployment on a broader scale if testing is successful (Additional information may be provided as supporting documents):

Please disclose information relevant to the compliance of your solution to applicable laws and regulations including consumer protection and data privacy. If the proposed product or service is intended to be made available in the international market, provide details of applicable international laws and regulations and how compliance will be met (Additional information may be provided as supporting documents):

Please disclose how appropriate safeguards are implemented and assessed to ensure security against cyber threats and to preserve confidentiality, integrity and availability of customer information:

Identify the legal or regulatory requirements that are incompatible with the proposed solution and the regulatory flexibilities needed to undertake the test (Additional information may be provided as supporting documents):

Explain the intended key outcomes of the testing (Additional information may be provided as supporting documents):

Risk and safeguards

Outline all risks of the proposed FinTech solution and corresponding safeguards and measures to mitigate them:

Provide details of the boundary conditions for the RS testing:

Other relevant information

Briefly indicate source of funding (both present and future arrangements) for the development and deployment of the solution:

Please provide any other information that may be relevant to your application: