Today, BaaS (Banking as a Service) fintech  Griffin announced that its sandbox environment has officially moved out of beta. Free, unlimited sandbox access is now available to all fintechs and brands that want to build a prototype or experiment on Griffin’s platform.

“We aim to lower the barriers to entry for fintechs and brands building embedded finance products, and launching our sandbox is an important step forward,” David Jarvis, CEO and co-founder of Griffin said. “Our open platform will make it simple and accessible for engineers or product managers to start building without financial commitment, sales calls, NDAs or long wait times.”

Breaking down barriers for fintechs

ProMEX, a Hong Kong-based digital marketplace for trading physical commodities for cash or stocks, is one of the first companies to use Griffin’s sandbox. ProMEX was searching for a platform on which they could build a prototype version of their app for the UK market. They found that most platforms were built on outdated tech and required upfront fees and long wait times. They were able to access Griffin’s sandbox environment instantly, and discovered that the technology backbone was a great fit for their app’s technical and functional requirements. 

Through Griffin’s sandbox, ProMEX were able to build a complete prototype of their app, which included customising KYC workflows, testing the decision accuracy of identity checks, creating mock customer bank accounts, and simulating payments between buyers and sellers. 

“As a fintech in the early stages of UK expansion, we sought a platform that would provide an open and collaborative iteration process. By building and testing our MVP on Griffin’s sandbox, we have significantly reduced the time and resources needed to build our UK app, allowing us to focus on launching the product, and driving adoption in the UK market,” Guido Glowania, CSO of ProMEX said.