FINAL RESULT ANNOUNCED FOR JAPAN FINANCIAL INNOVATION AWARD 2020
– FIRST GRAND PRIX AWARDED TO FUKUOKA FINANCIAL GROUP –
TOKYO, Mar. 24, 2020 – FINOLAB Inc. and FINOVATORS – have inaugurated “Japan Financial Innovation Award 2020（JFIA2020）” and announced Grand Prix and Category Excellence for the respective category on Mar. 23 at “Future Frontier Fes by FINOLAB (4F).”
JFIA2020 is inaugurated this year to promote innovative initiatives in financial area by adopting information technology and to share best practices in the industry, and expects to further expand open innovation beyond corporate groups and business sectors. JFIA2020 consists for 3 categories, including Startup, Financial Institution, and Collaboration. FINOLAB, the FinTech Center of Japan, administrated the evaluation process by extracting about 300 innovative initiatives from press releases during the year 2019. 5 category winners were selected by the group of professionals, FINOVATORS, based on the judgement on innovation, growth, and transformation and announced on Mar. 9. And after further evaluation, Grand Prix and Category Excellence for each category was announced at the 4F.
JFIA 2020 Grand Prix and Category Excellence
|Grand Prix||Fukuoka Financial Group, Inc.||Next Generation Banking System on Public Cloud||Creative approach to develop flexible infrastructure for banks|
|Startup Category Excellence||Crowd Cast, Ltd.||Corporate Prepaid Card for Expense Management||Promoting corporate cashless payment and efficient expense management|
|Financial Institution Category Excellence||GMO Aozora Net Bank, Ltd.||Developers’ Portal for Bank API||Expanding new ecosystem by making Bank API accessible|
|Collaboration Category Excellence||Seven Bank, Ltd.|
The Kansai Electric Power Company, Incorporated
|Fraud Detection for Account Opening Using Power Supply Information||Collaboration beyond industry sector, making use of regulatory sandbox to improve security to prevent financial crime|
JFIA 2020 Winners
■About FINOLAB Inc.
Address：Otemachi 1-6-1, Chiyoda-ku Tokyo
Representative：CEO, Chie Ito
Capital：JPY 300 Million
Business Domain：Promoting FinTech initiatives of Members, including startups and corporates, and expand FinTech ecosystem in Japan.
■About FINOLAB Community
The Fintech Center of Tokyo, FINOLAB is a membership community and an office space located in the heart of international financial district in Tokyo to promote FinTech ecosystem. Launched in Feb. 2016 by Mitsubishi Estate and Dentsu Group as the first FinTech Center in Japan. Consists of 56 Startup Members and 17 Corporate Members (As of Mar. 2020).
■About FINOVATORS, General Incorporated Association
Non-profit organization, with a group of pro-bono experts（Layer, Investor, Consultant, Analyst, Engineer, Entrepreneur, Banker, Public Sector Specialist, etc.）for supporting startups. Driving health innovation ecosystem in Japan by activities based on global and future vision, not limited to any organization or business area.