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Fintechs Can Now Jump Into Arizona’s Innovation Sandbox

Aug. 2, 2018, 11:03 AM

Great expectations await the Aug. 3 launch of the nation’s first state-level regulatory sandbox in Arizona. Sandbox supporters hope the project will position the Grand Canyon State as an innovation hub for financial technology and prove lighter regulation and consumer protection can coexist.

Whether fintech applicants flock to Arizona will be the sandbox’s first test.

Arizona Attorney General Mark Brnovich’s office anticipates several applications in the coming weeks, and is devoting multiple attorneys and staff members to the project in anticipation of steady work. “I think there’s a point at which we would stop accepting applications if we were inundated ...