We show that lenders join a U.S. commercial credit bureau when information asymmetries between incumbents and entrants create an adverse selection problem that hinders market entry. Lenders also delay joining when information asymmetries protect them from competition in existing markets,...

The Nigerian Fintech's space is developing. Traditional financial institutions particularly the banking sector, are redefining their financial offerings by 'finnovating' and blurring the lines that the average Fintech start-ups had initially created through their disruptive technology. However,...

Regulatory sandboxes have emerged as policy instruments designed to support FinTech innovation while maintaining supervisory oversight. By allowing firms to test financial products in controlled environments, sandboxes aim to reduce regulatory uncertainty and facilitate market entry. Despite...