In view that the Applicant does not have a legal opinion, explain the legal assessment carried out by the Applicant to arrive at this determination as outlined in Q3-1.1.

Provide an high-level outline of the problem which the Solution seeks to address.

Provide an detailed description of the Applicant’s proposed Solution including how the technology enabled financial innovation interacts with any Financial Services Activity, as applicable.

Outline (i) how the above solution fits within the Applicants Business Model and Strategy and (ii) the rational behind joining the MFSA FinTech Regulatory Sandbox.

The Applicant should also indicate clearly (i) business model, including revenue streams; (ii) business strategy; (iii) local substance; (iv) type of clients to be serviced and geographical target markets; (v) outsourcing, as applicable.

Describe the technology arrangement and/or methodology used by the Applicant in the context of the proposed product or service. Additionally, provide a technical diagram outlining the components of the solution, applications and infrastructure, and the interaction of the same.

An explanation regarding the manner, in which transactions or workflows will be affected in practice by the parties using the Solution and how each service identified above shall be executed (from initiation till end specifying what will be done, by whom and from where) should also be provided, including the details in relation to the parties involved and flow of funds and/or data, as applicable.

Describe the Applicant's proposed discontinuation exit strategy should the test be either terminated prematurely during the testing stage or this is determined to be the outcome of the evaluation assessment.

Taking into consideration the replies provided under Section 1 of Part 3 of this Form, explain in detail how the Applicant's proposed Solution satisfies the above criteria.

Explain in detail (i) the need behind the Applicant rational to test its Solution within the Regulatory Sandbox and (ii) the perceived benefits which the Applicant envisages to obtain from testing the Solution within this Framework.

Explain the type and format of data and/or deliverables which may be made available to the Authority during the Testing Stage of the Sandbox.

Explain in detail how the Applicant's proposed Solution satisfies the above criteria and the perceived benefits which the Applicant envisages to provide identifiable value added to its clients and the wider financial services market.

Explain in detail how the Applicant satisfies the above criteria.

Given the response to Q5-4.2 = "No", explain how the Applicant intends to secure partners prior to the Testing Stage.