Innovation Sandbox Guidelines

Sandbox Application Site

Success Story

Innovation sandbox was launched to provide testing and knowledge platform for innovators in Indian securities market within the regulatory framework. Various types of innovators like startups, fin-techs, education institutes and individuals can use this platform for testing their products.


CDSL as one of the MII, participated in the initiative by providing a test environment and sharing file formats with the applicants/sandbox users.


One of the leading Indian Fintech, ‘Finzoom’ approached the innovation sandbox committee. Their financial app ÍndMoney’ is a leading app for portfolio and investment tracking. They proposed to use the investor holding and transaction information from ` Depository to provide value added service to investors. The proposal was reviewed by the Sandbox committee and SEBI. CDSL was requested to support applicant in its endeavor.


CDSL suggested Finzoom to use unformatted account statement (in data format) for the purpose. Full specification and sample files for the account statement were provided to Finzoom to enable them to develop the prototype. Finzoom after development had presented the solution to Innovation sandbox committee. Finzoom would develop dashboards and reports to users using the data. This data is available for all the investors on CDSL website application for investors. Its investor’s choice to download this data and make it available to Finzoom or any other organization who can develop facility to consume this data.


We hope the new service would provide Finzoom a great opportunity to consolidate the investment data and provide premium value added services to its users.

Page last updated on February 04, 2022    Dept:BD