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Which RBI initiative allows regulated entities to test innovative fintech products in a controlled environment?
- RegTech
- Suptech
- Regulatory Sandbox
- Digital Lending Guidelines
Answer: Regulatory Sandbox
RBI Regulatory Sandbox enables fintech startups and banks to test new products/services with real customers under relaxed regulations for limited period/time/scale. Reduces time-to-market, fosters innovation while managing risks. Themes include retail payments, KYC, lending, cybersecurity. Successful pilots may lead to regulatory framework updates.