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 | 1. Fostering collaboration within the financial industry, and between financial and non-financial industries (e.g. embedded finance) 2. Streamlining and improving convenience of financial asset management (e.g. centralized management of bank accounts, insurance, securities, inheritance) 3. Personal advisory services 4. Preparing for the era of “the 100-year life” (e.g. financial services that assist those with age-related cognitive decline and initiatives that resolve digital divide) 5. Financial services available in multiple languages and currencies (e.g. aimed at international financial transactions, overseas travelers) 6. Promotion of financial education (e.g. education regarding asset management and insurance) 7. Enhanced interoperability and compatibility between banks (e.g. for ATM usage, account management) |
| Deposits / withdrawals | 8. Enhanced convenience of online transactions (e.g. cost reduction, simplifying methods for operations/management) |
| Payments / Remittance | 9. Greater availability of cashless payments (e.g. expanded options for cashless payments, proliferation of stores that accept cashless payments, enhanced interoperability) 10. Enhanced convenience and safety of payment/remittance methods (e.g. cost reduction, expansion of value-added features beyond payment functionality, payments with high safety and convenience standards) |
| Asset management | 11. Investment products and services with low barriers to entry (e.g. products that enable investments with small amounts, reduced costs, investment advice) |
| Insurance | 12. Simplified insurance procedures (e.g. streamlined processes enabled by technology utilization) 13. P2P insurance (insurance sharing) 14. Enhancement of ancillary services (e.g. providing pre-insurance and post-insurance services) |
| Financing | 15. Easier-to-use financial services (e.g. shorter screening times, lower interest rates) 16. Increased financial inclusion (including individuals and corporations that cannot access financial services) (e.g. adopting new credit models) |
| DX / Infrustructure | 17. Promotion of data utilization (e.g. opening up data, contributing to the financial aspects of resolving issues in projects with a collaborative approach such as with civic tech) 18. Streamlined work processes (e.g. streamlining processes such as accounting and verifying IDs) 19. Improved security for preventing fraud and other malicious activities (e.g. anti-money laundering and anti-phishing measures) 20. Facilitation of carbon credit trading (e.g. building trading platforms, services that enhance transparency of carbon credits) 21. Promotion of supply chain finance (e.g. acceleration of fund collection, streamlining of trade procedures) |
