The themes were set based on “Needs/Challenges related to financial services.”
We have set the themes based on the opinions we have received from residents and businesses in Tokyo.
For the "Financial Innovation Category", we invite financial businesses offering financial services and products that could be a solution for each theme.
We will select the three most outstanding applicants as award-receiving businesses, considering their solution's innovativeness and feasibility, etc.
Themes Requiring Solutions
| Category | Themes |
|---|---|
| Themes shared across all financial services | • Collaboration between financial and non-financial industries and the non-financial industry's use of Fintech and entry into the financial industry (e.g., embedded finance) • Improved convenience of asset management through extended compatibility, etc. (e.g., collective management of banks, insurance, securities, inheritance, etc.) • Personal advisory services • Preparing for the era of “the 100-year life” (e.g., services to compensate for cognitive decline, bridging the digital divide) • Financial services available in multiple languages and currencies (e.g., for non-Japanese people, overseas travelers) • Promotion of financial education (e.g., education regarding asset management and insurance) • Digitalization of financial services to SMEs and bridging the digital divide • Enhanced interoperability and compatibility between banks (e.g., for ATM usage, account management) • Expansion of Peer-to-Peer (P2P)* financial services (e.g., financing, insurance, investment) * A communication technology that allows terminals to share data directly with each other without using a server, etc. |
| Payments | • Promotion/ Enhanced convenience of online transactions (e.g., cost reduction, simplifying methods for operations/management) • Greater availability of cashless payments (e.g., expanded payment options, proliferation of stores that accept cashless payments, enhanced interoperability, diffusion of digital payroll system) • Enhanced convenience and safety of payment/remittance methods (e.g., cost reduction, expansion of value-added features beyond payment functionality) |
| Asset management | • Investment products and services with low barriers to entry (e.g., investments with small amounts, reduced costs, investment advisory) • Sophisticated management analysis and risk management (e.g., investment decisions using AI, etc.) |
| Insurance | • Simplified procedures and operational efficiency • Diversification of services (e.g., provision of pre-insurance and post-insurance services) |
| Financing | • Easier-to-use financial services (e.g., shorter screening times, lower interest rates) • Financing services available to a diverse range of targets (e.g., individuals, SMEs, start-ups) |
| DX / Infrustructure | • Promotion of data utilization (e.g., opening up data, Co-creative problem-solving using finance) • Streamlined work processes (e.g., accounting, verifying IDs) • Improved security (e.g., anti-money laundering, anti-phishing measures) • Facilitation of carbon credit trading (e.g., building trading platforms, enhanced transparency of carbon credits) • Promotion of supply chain finance (e.g., acceleration of fund collection, streamlining of trade procedures) • Use of generative AI (e.g., data analysis and prediction, fraud detection, chatbots) • Blockchain-based financial services (e.g., security tokens, stable coins, decentralized security systems) |
