Tagged: innovation testing license

Dubai Financial Services Authority Announces Seven New Firms Into Sandbox Cohort Process

The Dubai Financial Services Authority (DFSA) announced on Monday it has accepted seven new firms into its cohort process, which permits companies to apply for an Innovation Testing Licence (ITL). According to DFSA, the ITL forms part of the DFSA’s commitment to support innovation and… Read More

Dubai Financial Services Authority Creates Special License for Fintech to Foster Innovation

The Dubai Financial Services Authority (DFSA) is looking to streamline the process of financial innovation by creating a special license for Fintech firms called the “Innovation Testing License” or ITL.  The DFSE said the ITL signals the “next phase” in their regulatory roadmap to increase… Read More

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