Over fifty countries have introduced regulatory sandboxes to foster financial innovation. This article conducts the first evaluation of their ability to improve fintechs’ access to capital and attendant real effects. Exploiting the staggered introduction of the UK sandbox, we establish that...

Frontmatter -- About the Author -- Foreword -- Contents -- Preface -- Part 1: Financing Fintechs -- Introduction -- Chapter 1. Henrique Dubugras -- Chapter 2. Renaud Laplanche -- Chapter 3. Levi King -- Chapter 4. Sam Graziano -- Chapter 5. Michael Garrity, Paul Sehr, Casper Wong -- Chapter 6....

We examine the impact of fintech start-ups on the performance and default risk of traditional financial institutions. We find a positive relationship between fintech start-up formations and incumbent institutions’ performance for the period 2005–2018 and a large sample of financial...