Innovation Sandbox Programme 2025 - Combatting Financial Crime 

The Central Bank welcomed seven participants into its first Innovation Sandbox Programme.

The theme of the first Innovation Sandbox Programme was: “Combatting Financial Crime – Through the use of innovative technology, foster and develop innovative solutions that minimise fraud, enhance KYC/AML/CFT frameworks, and improve day-to-day transaction security for consumers.”

The programme encouraged collaboration across the ecosystem to support the fight against financial crime and aimed to facilitate the development of new ventures and new business models that solve challenges for the theme. The Central Bank received 38 applications from across the innovation ecosystem, reflecting a strong appetite for innovation.

The seven participants in the programme employed new technologies and innovative methods to develop solutions that tackle financial crime, for the benefit of both the financial system and consumers.

Participants were representative of a diverse spectrum of innovators from Ireland, across Europe and the UK, and featured start-ups, scaling firms, partnerships and established financial services firms.

The seven participants of the Central Bank’s Innovation Sandbox Programme on “Combatting Financial Crime” were:

• AMLYZE is building an AML/CFT information-sharing framework that will use structured taxonomies and synthetic data to simplify detecting and preventing fraudulent activities.
• Expleo has developed an anti-SMS fraud solution which installs on mobile phones to combat SMS fraud.
• Forward Emphasis and Pasabi’s joint innovation will develop and test a Motor Insurance Application Fraud Analytics solution, leveraging AI-driven behavioural analytics, machine learning, and pattern recognition to detect fraud in the pre-sales process.
• Roseman Labs enables secure, GDPR-compliant collaboration and analysis on sensitive data for regulated industries.
• Sedicii and PTSB Sedicii has partnered with PTSB to create a secure and private collaboration using zero knowledge proofs to verify names and addresses, in real-time, as part of their customer KYC process, using ESB Networks as the authority for address data in Ireland in full compliance with GDPR and which involves no sharing of personal data.
• TrustElevate offers a privacy-preserving solution for verifying parental responsibility and child age.
• Vidos.Id is developing digital identity verification solutions to help financial institutions verify digital identity documents and wallet-based credentials.

Supporting Publications