A Comparative Policy Analysis of Regulatory Sandboxes and Innovation in the Indian FinTech Landscape

This issue brief by Yvonna Tia Steele, MPP Batch of 2025, explores how regulatory sandboxes shape FinTech innovation in India’s fragmented regulatory environment. It analyses RBI, SEBI, and IRDAI approaches, highlighting inefficiencies in cross-sector innovation and recommending tiered testing and collaboration for greater regulatory efficacy.

Yvonna combines her passion for financial innovation and regulatory frameworks to present a comprehensive policy analysis aimed at fostering a sustainable, inclusive financial ecosystem in India.