The FCA’s review of the first year of its live-market test facility indicates that around 90% of the firms that completed testing in the first cohort are continuing toward a wider market launch – a figure it expects to be replicated for the second group.
The regulator revealed that one in three of the first test group significantly pivoted their business model ahead of launch in the wider market and that more than 40% received investment during or after their sandbox tests.
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