Following a rigorous review process, the winners of the Tokyo Financial Award 2025 – Financial Innovation Category – have been selected as follows!
| Rank | Company |
Overview of offered (perspective) services |
|---|---|---|
| 1st place |
Impact Circle |
Provides tools that enable the automatic generation of impact indicators for financial institutions and institutional investors requiring quantitative impact data, supporting the evaluation and selection of investment targets through rapid visualization of social impact. |
| 2nd place |
Clarity AI |
Provides institutional investors with an AI-driven tool that enables evaluation, analysis, and reporting of the sustainability of investment targets, visualizing sustainability assessments while ensuring compliance regulations in multiple countries. |
| 3rd place |
Japan Asset Management Platform |
Provides a comprehensive white-label* service covering ETF structuring, establishment, and operational management. This allows asset management companies considering the development and launch of ETFs to focus on high-value activities such as investment decision-making and portfolio management. * A business strategy in which core infrastructure is provided by one company, while the participating firm offers the product to investors under its own brand. |
| Judge’s Special Award※ |
MynaWallet |
Adds a payment function using stablecoins and other digital assets to the Individual Number Card, providing a new payment method while also offering implementation support for both businesses and consumers. |
| Judge’s Special Award※ |
EduCare |
Provides an education finance platform that leverages function such as future income prediction for students, enabling those facing financial burdens to access education loans and scholarship repayment services from financial institutions and corporations. |
| Judge’s Special Award※ |
Henry |
Provides factoring services that enable rapid screening and funding as a financing option for small and medium-sized hospitals, while also offering a management infrastructure equipped with features such as automated electronic medical billing. |
* The Judge’s Special Award is awarded by the judging committee to other business operators in addition to the top three winners.
At the Tokyo Financial Award 2025 ceremony, held in collaboration with “Japan Fintech Week 2026” hosted by the Financial Services Agency on Monday, March 2, awards will be presented to the winning companies, followed by presentations by the award recipients.
Click here for the Tokyo Metropolitan Government press release.
Click here for details of the award ceremony and registration information.
We use many financial services in our day-to-day life, using e-money to take trains, withdrawing money from ATMs at convenience stores, or taking out life or auto insurance. If you have interests in investing, you may also be investing in stocks or investment trust funds.
Have you ever felt that it would be even better if it was just a little more convenient, or that?
In addition, financial institutions that provide their respective financial services are constantly striving to improve their services and streamline their operations.
For the “Financial Innovation Category”, Tokyo residents and businesses are invited to submit any dissatisfaction they feel, or requests they have regarding the BtoB or BtoC services in Tokyo, or services they wish. Tokyo Metropolitan Government will choose the theme to be resolved from these applications, and ask domestic and foreign financial companies offering relevant solutions to apply for.
From the applicants, the best three examples will be chosen by 2 judging processes and awarded. The first, second and third prize winner receive 10M JPY, 5M JPY, 3M JPY, respectively.
In addition to the award for the top three winners, “Special Award” may be given for outstanding initiatives.

Submission of resolutions
First Judgement
Start of the Support Program
Final Judgement
Award Ceremony
Thank you for submitting your solutions to the “Financial Innovation Category”.
The Applications are now closed.
Please contact the Secretariat at tfa@jp.ey.com for any questions.
The "Financial Innovation Category" of the Tokyo Financial Award invited financial businesses to apply for “Solutions” to “Themes to be solved” which are based on the needs and challenges related to financial services which were submitted by residents and businesses in Tokyo.
The solutions submitted by applicants are examined in terms of consistency with the theme, innovativeness in technology and business model, and feasibility, among other factors.
We will provide support programs to approximately 15 applicants in Japan and from overseas in order to help them brush up their work for the purpose of commercialization.
After the program, we will conduct a final screening and announce the top three applicants at the award ceremony.
10 million yen, 5 million yen, 3 million yen will be awarded as prize money respectively to first place, second place, and third place applicants.
The following benefits will be granted to the businesses selected in the first-stage screening. Please refer to the application guidelines for the timing and other details.
Click here to see the list of the support program participants.
Benefits:
Mentors(planned)
Business Matching Partner Companies

Seven Bank, Ltd.

MUFG Bank, Ltd.

Daiwa Securities Group Inc.

Mitsui Sumitomo Insurance Company, Limited

Tokio Marine Holdings, Inc

LIFENET INSURANCE COMPANY

Global Brain Corporation

WiL, LLC

S&P Global Inc.

NTT DATA Japan Corporation

NEC Corporation
* Listed sequentially. Scheduled to be updated in the future
Committee Chair
Committee Members
* List from those whose appointment has been confirmed.
To be updated in due course.