Namfisa's regulatory sandbox goes live

The Namibia Financial Institutions Supervisory Authority (Namfisa) this week signed testing agreements with two innovators to participate in its regulatory sandbox initiative.The two innovators, ReferredBy, a nano-loan initiative, and Ergo Analytics, a verification initiative, were chosen to participate in Namfisa&#039;s regulatory sandbox initiative.Speaking at the signing ceremony, Namfisa CEO Kenneth Matomola said the platform is crucial for advancing the understanding of emerging technologies and facilitating evidence-based legislative reforms.“The regulatory sandbox plays an important role in promoting innovation and financial inclusion within the non-bank financial institutions (NBFI) sector, contributing to national efforts aimed at creating a transformed, safe, and inclusive financial sector,” Matomola said.Innovative testing The sandbox initiative represents the regulator’s vision to promote innovation in both digital and non-digital financial services while simultaneously enhancing financial inclusion. Under the vigilant supervision of Namfisa, the sandbox provides a controlled environment for live tests of innovative products, services or solutions within specified parameters or limits.During their 12- to 16-month tenure within the sandbox, ReferredBy and Verime will undergo live testing of their innovative solutions on a limited scale, ensuring consumer protection, fairness and risk mitigation."These tests will provide invaluable insights to Namfisa, furthering our mission to cultivate a dynamic, secure and supportive financial sector in Namibia," the authority stated.A regulatory sandbox is a controlled environment set up by regulatory authorities, typically in the financial sector, to allow firms to test innovative products, services, business models or delivery mechanisms in a live market environment but under a relaxed regulatory regime. The concept is designed to foster innovation while still ensuring consumer protection and financial stability.

Namfisa's regulatory sandbox goes live

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Republikein 2026-01-09

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Namfisa's regulatory sandbox goes live

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Republikein 2026-01-09

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