ACTOMATE
BNM FinTech Regulatory Sandbox
Bank Negara Malaysia’s (BNM) FinTech Regulatory Sandbox provides an opportunity for innovative financial services with genuine value proposition to operate with regulatory flexibilities. To gain approval, companies must perform various preparation work as required by BNM.
Our actuarial team at Actomate has extensive experience assisting digital companies through every stage of the sandbox process.
We structure our support into two key phases: preparing for sandbox entry and ongoing compliance during sandbox operations. Our tailored approach ensures alignment with BNM’s regulatory expectations, helping you navigate challenges efficiently.
For more information, click HERE.
product development & pricing
develop product design and benefits
customer suitability assessment
competitor analysis
prepare product specification
develop key pricing assumptions
determine premium or contribution rating factors
profit testing
sensitivity analysis
prepare product documentation for approval & regulatory filing
review actuarial content in sales illustration & marketing materials
identify product’s key inherent risks
financial projection & risk management
business planning
business plan projection
financial projection
financial impact analysis
assess capital required & capital adequacy according to BNM’S RBC framework
actuarial appraisal valuation
independent risk management review
ITCL determination
company-wide stress testing
scenario testing
appointed actuary role
quarterly valuation
actuarial related RBC runs
annual financial conditions report
stress test report
recommend surplus distribution to shareholders
test of completeness and accuracy of database used for actuarial work
perform overall duties as AA
