Sandbox to Society: Fostering Innovation in Southeast Asia

While regulatory sandboxes were pioneered in the United Kingdom, it made its way to Southeast Asia from as early as 2016. Since then, the momentum to deploy sandboxes has been building continuously, with more than half of the sandboxes in the region launching in 2020 or later. In line with global trends, sandboxes in the region have gained the most traction in the financial technology sector. Other sectors have started to explore sandbox practices, including transportation, healthcare, drones, robotics, artificial intelligence (AI) and more.