Fintech Sandpit is a groundbreaking innovation platform that streamlines the Proof of Concept (POC) process between banks and fintechs. The platform acts as a marketplace, offering a Fintech Catalogue that enables banks to swiftly choose from a range of top-tier fintech solutions. With the seamless connection provided by Sandpit, banks can easily select a fintech partner, opt for a desired dataset, and set up tests for a smooth POC process.
To ensure data security, Sandpit collaborates with synthetic and anonymization data providers, providing generic synthetic datasets or the ability to create mirrors of proprietary data using the deep mirroring service. The ultimate aim of the platform is to reduce the sales cycle for banks by one third, a significant improvement from the current 12-18 months. This not only saves time and costs for banks but also fosters more efficient collaborations with fintechs.
Founded in 2019, Fintech Sandpit presents an exciting opportunity for investors and venture capitalists looking to support initiatives aimed at revolutionizing the banking and fintech collaboration landscape.
