Access to data is a key ingredient of innovation.
The Digital Sandbox gives successful participants access to a range of data assets for testing, developing and validating solutions relating to the use cases. The following represents a high level breakdown of the data which will be available to successful applicants. More information will be provided in due course.
Overview: The data for the digital sandbox falls into a few broad categories
- Firm disclosures: public disclosure information (company reports, web statements etc), TCFD aligned disclosures
- Geospatial data: satellite imagery, public data sets
- Fund data: fund characteristics e.g. a funds overall carbon intensity score
Scope: Currently, data covers characteristics at a global level. As we match data sets, scope is likely to be narrowed down to focus on UK companies where possible. In general, the data points covering the 'social' factors in ESG reporting have a broader scope than the Environmental and Governance data.
Number of companies: 1000 - > 10,000 -Large, Medium and Small firms. Data in general biased towards larger firms as ESG disclosure data more readily available for large firms. Multiple providers with data sets of varying size.
Data characteristics: Data used for the ESG stage of the digital sandbox is mainly based on open disclosures and reviewed/aggregated by subject matter experts. Data covers >500 data points across environmental, governance and social factors.
Collection mechanism: Various collection mechanisms across the data: interviews, questionnaires, web scraping and satellite imagery
Sectors: Range of sectors including financial services, healthcare, government activity, real estate, energy and more.
Frequency: Data generally collected at an annual frequency with the data covering 2016 - present day. Satellite imaging data has a more regular cadence of collection.
Access to an Integrated Development Environment (IDE) for application development and data analytics.
The environment is pre-configured to provide developers quick access to cloud computing resources and to securely access datasets in order to conduct meaningful investigations and analysis.
These investigations can be connected to source code repositories to then share with teams and the wider ecosystem.
Access, connect and test a catalogue of FinTech and RegTech APIs from across the global FinTech ecosystem.
With over 300 APIs currently in the marketplace, rapidly discover new providers and leverage existing services to accelerate the development of new solutions.
Minimal coding required, and with code snippets in over 50+ languages, users of the marketplace can begin making test calls to different providers to check whether their API is suitable.
Collaborate with a network of innovators, regulators, financial services firms and investors.
A platform to demonstrate the solution you have developed to the broader financial services community.
Complete the registration form and verify your email to create an account.
Once you have created an account you will able to access the application system, view the eligibility criteria and submit an application.
Questions? Read our FAQs here
Read the FCA press release here
We can be contacted at digital.sandbox@fca.org.uk
