{"id":384276,"date":"2024-01-31T08:30:35","date_gmt":"2024-01-31T03:30:35","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=384276"},"modified":"2024-01-31T08:30:35","modified_gmt":"2024-01-31T03:30:35","slug":"secp-permits-live-testing-of-9-innovative-business-models-under-rsb","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/","title":{"rendered":"SECP permits live testing of 9 innovative business models under RSB"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nThe Securities and Exchange Commission of Pakistan (SECP) has permitted live testing of their innovative business model to nine applicants of Regulatory Sandbox. The application has successfully completed its incubation period.<br \/>\nThe selected entities have been employing blockchain, AI, and other technology-based solutions for gold and real estate fractionalization, algorithmic trading, one-window SME lending, education finance, and crowdfunding. The entities will offer financial services to a limited customer base over the next few months.<br \/>\nIn September 2023, the SECP permitted ten applicants to enter the incubation phase of the RSB to test their distinct business models. These included including M\/s FINCLUDE Systems Pvt Ltd, M\/s LOOP Financial Services Ltd, M\/s AKRU Pak Pvt. Ltd, M\/s CG Global Pvt Ltd, M\/s Xstate Technologies Pvt Ltd, M\/s Diamond Technologies (SMC Pvt) Ltd, M\/s Quantree Pvt Ltd, M\/s Reals, M\/s Al-Hilal Securities Advisors Pvt Ltd, and M\/s ibox 7 Pvt Ltd. Out of the eleven business models, nine have successfully completed the incubation phase and begun testing.<br \/>\nTwo business models, namely \u2018ibanc360\u2019 of ibox 7 Ltd. and \u2018Robo-Advisory &#8211; Multi-Manager Investment Plans\u2019 of Al-Hilal Securities Advisors Pvt Ltd. could not transition successfully from the incubation phase to the live testing phase. However, Al-Hilal Securities Advisors Pvt. Ltd.<br \/>\nIs continuing to test its gold fractionalization model in the incubation phase.<br \/>\nThe SECP\u2019s Regulatory Sandbox, a platform for fostering technological innovation in financial services, has been in operation for four years. Over 130 fintech companies have applied for testing, with 31 business models approved. The SECP has transitioned from a cohort-based approach to an \u201calways open\u201d one, allowing applicants to test their innovative business models anytime throughout the year.<br \/>\nThe testing of technology-driven solutions through the Regulatory Sandbox can catalyse financial and technological innovation, thereby expanding the spectrum of financial products. This aligns with the SECP\u2019s vision of promoting financial inclusion and fostering the growth of FinTech and related sectors within its regulatory purview.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The Securities and Exchange Commission of Pakistan (SECP) has permitted live testing of their innovative business model to nine applicants of Regulatory Sandbox. The application has successfully completed its incubation period. The selected entities have been employing blockchain, AI, and other technology-based solutions for gold and real estate fractionalization, algorithmic trading, one-window SME lending, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-384276","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP permits live testing of 9 innovative business models under RSB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP permits live testing of 9 innovative business models under RSB\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The Securities and Exchange Commission of Pakistan (SECP) has permitted live testing of their innovative business model to nine applicants of Regulatory Sandbox. The application has successfully completed its incubation period. The selected entities have been employing blockchain, AI, and other technology-based solutions for gold and real estate fractionalization, algorithmic trading, one-window SME lending, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-31T03:30:35+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\\\/\"},\"author\":{\"name\":\"Web Desk\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\"},\"headline\":\"SECP permits live testing of 9 innovative business models under RSB\",\"datePublished\":\"2024-01-31T03:30:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\\\/\"},\"wordCount\":337,\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\\\/\",\"name\":\"SECP permits live testing of 9 innovative business models under RSB\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\"},\"datePublished\":\"2024-01-31T03:30:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SECP permits live testing of 9 innovative business models under RSB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"name\":\"Daily Lead Pakistan\",\"description\":\"Daily Lead Pakistan\",\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\",\"name\":\"Daily lead Pakistan\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"contentUrl\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"width\":1000,\"height\":154,\"caption\":\"Daily lead Pakistan\"},\"image\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/DailyLeadPak\\\/\",\"https:\\\/\\\/x.com\\\/DailyLeadPak\",\"https:\\\/\\\/instagram.com\\\/DailyLeadPak\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\",\"name\":\"Web Desk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"caption\":\"Web Desk\"},\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/author\\\/edt\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SECP permits live testing of 9 innovative business models under RSB","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/","og_locale":"en_US","og_type":"article","og_title":"SECP permits live testing of 9 innovative business models under RSB","og_description":"ISLAMABAD The Securities and Exchange Commission of Pakistan (SECP) has permitted live testing of their innovative business model to nine applicants of Regulatory Sandbox. The application has successfully completed its incubation period. The selected entities have been employing blockchain, AI, and other technology-based solutions for gold and real estate fractionalization, algorithmic trading, one-window SME lending, [&hellip;]","og_url":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/","og_site_name":"Daily Lead Pakistan","article_publisher":"https:\/\/www.facebook.com\/DailyLeadPak\/","article_published_time":"2024-01-31T03:30:35+00:00","author":"Web Desk","twitter_card":"summary_large_image","twitter_creator":"@DailyLeadPak","twitter_site":"@DailyLeadPak","twitter_misc":{"Written by":"Web Desk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/#article","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/"},"author":{"name":"Web Desk","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62"},"headline":"SECP permits live testing of 9 innovative business models under RSB","datePublished":"2024-01-31T03:30:35+00:00","mainEntityOfPage":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/"},"wordCount":337,"publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/","url":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/","name":"SECP permits live testing of 9 innovative business models under RSB","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#website"},"datePublished":"2024-01-31T03:30:35+00:00","breadcrumb":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-permits-live-testing-of-9-innovative-business-models-under-rsb\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leadpakistan.com.pk\/news\/"},{"@type":"ListItem","position":2,"name":"SECP permits live testing of 9 innovative business models under RSB"}]},{"@type":"WebSite","@id":"https:\/\/leadpakistan.com.pk\/news\/#website","url":"https:\/\/leadpakistan.com.pk\/news\/","name":"Daily Lead Pakistan","description":"Daily Lead Pakistan","publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leadpakistan.com.pk\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/leadpakistan.com.pk\/news\/#organization","name":"Daily lead Pakistan","url":"https:\/\/leadpakistan.com.pk\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/","url":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","contentUrl":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","width":1000,"height":154,"caption":"Daily lead Pakistan"},"image":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DailyLeadPak\/","https:\/\/x.com\/DailyLeadPak","https:\/\/instagram.com\/DailyLeadPak\/"]},{"@type":"Person","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62","name":"Web Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","caption":"Web Desk"},"url":"https:\/\/leadpakistan.com.pk\/news\/author\/edt\/"}]}},"_links":{"self":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/384276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/comments?post=384276"}],"version-history":[{"count":1,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/384276\/revisions"}],"predecessor-version":[{"id":384285,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/384276\/revisions\/384285"}],"wp:attachment":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/media?parent=384276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/categories?post=384276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/tags?post=384276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}