Financial technology (Fintech) caused many changes in the way of rendering financial services which resulted in noticeable economic growth through enhancing financial inclusion and efficiency. However, the opportunities accompanying such change have inherent risks. Hence, the Central Bank of Oman (CMO) and the Financial Services Authority (FSA) in their capacity as regulators are cooperating to contain such risks to improve the efficiency and enhance innovations in the Omani financial sector. Live testing of new products and services in controlled environment
