Amana News

20th Jul 2020

2 mins

FCA sandbox application accepted!

We made it into cohort 6 of the FCA Regulatory Sandbox! We plan to test a new product that offers individuals the ability to send e-gifts to Amanacard members known to them, or to choose a category for an anonymous donation. 

Since becoming fully operational in 2018, we've partnered with charitable donors to impact the lives of hundreds of thousands of people excluded from formal financial services. Our end-to-end service, spanning Western and Islamic banking practices, has earned a significant reputation in the UK as well as overseas for its integrity, transparency and bespoke approach. 

The sandbox allows organisations to test innovations within a controlled environment and identify appropriate safeguards that ensure compliance with relevant regulations and consumer protection requirements. 

We will provide updates to those who have previously registered interest to learn more via our website.

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