For Immediate Release

FINAL RESULT ANNOUNCED FOR JAPAN FINANCIAL INNOVATION AWARD 2021
～ GRAND PRIX AWARDED TO AlpacaJapan Co., Ltd. and FOLIO Co., Ltd. ～TOKYO,Mar.

1,2021-FINOLAB

Inc.

andFINOVATORS - have inaugurated “Japan Financial
Innovation Award 2021（JFIA2021）” and announced
Grand Prix and Category Excellence for the respective
category on Fri. 26 at “Future Frontier Fes by FINOLAB(4F).”
JFIA2021 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. JFIA2021 consists for 3 categories, including Startup,Financial Institution, and Collaboration. FINOLAB, the FinTech Center of Japan, administrated the evaluation
process by extracting about 600 innovative initiatives from press releases during the year 2020.

5 category

winners were selected by the group of professionals, FINOVATORS, based on the judgement on innovation,
growth, and transformation and announced on Jan. 29. And after further evaluation, Grand Prix and Category
Excellence for each category was announced at the 4F.
JFIA 2021 Grand Prix and Category Excellence： https://jfia.tokyo/AwardGrand Prix

Company

AlpacaJapan Co., Ltd.
FOLIO Co., Ltd.

Initiative (Press Release)

Remarks

Robo-advisor service, "FOLIO ROBO

The expertise of both proven

PRO, " adopting AI Technology for

FinTech players haveinstitutional investor

collaborated to bring attractive

https://prtimes.jp/main/html/rd/p/000000067.00

offering to retail investors.

0022761.html

Startup
Category

Insurance as a Service "Inspire"

Finatext Ltd.

https://finatext.com/news/20200909/ExcellenceCollaboration
Category
Excellence

ELEMENTSGroup

Their “IaaS” platform would
create a new option for future
entrants to the market.
Their new insurance withLiquid,inc.

Cyber risk insurance for eKYC service

complicated risk calculation

Tokio Marine & Nichido Fire

https://liquidinc.asia/20200318/

will be promote digitalizationof account opening.

Insurance Co., Ltd.

Honorary

justInCase Inc.

MentionDaido Life Insurance Company

Supporting medical workers and SMEs

Creation of new insurancewith COVID 19 insurance

adding to the existing producthttps://justincase.xsrv.jp/news-prod/wp-

have provided effective

content/uploads/justInCase_pressrelease_20201

support for those who suffered

120.pdf

from the COVID-19 crisis.

* The Category Excellence for Financial Institution was “not applicable” this year.

JFIA 2021 Winners
Category
StartupCompany

Financial media for chat consulting with experts "OKANEKO"

400F Inc.

https://prtimes.jp/main/html/rd/p/000000013.000038217.html

Digital key platform "bitkey platform"

Bitkey, Inc.

https://prtimes.jp/main/html/rd/p/000000023.000040203.html

Mobile credit Service "CREZIT"

Crezit, Inc.

https://prtimes.jp/main/html/rd/p/000000003.000043526.html

Insurance as a Service "Inspire"

Finatext Ltd.

https://finatext.com/news/20200909/

Soramitsu Co., Ltd.
FinancialInstitution

Initiative (Some are Only in Japanese)

GMO Aozora Net Bank, Ltd.

Development of Central Bank Digital Currency "Bakong" in Cambodia
https://soramitsu.co.jp/bakong-press-release

Invoice financing for SMEs "GMO AOZORA Speed Payment"
https://gmo-aozora.com/company/news/2020/20201117-01.html

Joyo Bank, Ltd.

SBI Sumishin Net Bank, Ltd.

Elderly Monitoring Service
https://pdf.irpocket.com/C8333/xFFN/VNhn/Dc80.pdf

Online account opening for corporate accounthttps://www.netbk.co.jp/contents/company/press/2020/corp_news_200828.html

Collaboration

Sumitomo Mitsui Banking

Data analytic service with satellite information.

Corporation

https://www.smbc.co.jp/news/j602166_01.html

Tokai Tokyo Financial Holdings,

PoC on real estate securitization and listing on security token exchangeInc.

http://www.tokaitokyo-fh.jp/news/pressrelease/pdf/fh20200709.pdf

AlpacaJapan Co., Ltd.
FOLIO Co., Ltd.

Robo-advisor service, "FOLIO ROBO PRO, "adopting AI Technology for institutional investor
https://prtimes.jp/main/html/rd/p/000000067.000022761.html

ELEMENTS Group
Liquid,inc.

Cyber risk insurance for eKYC service

Tokio Marine & Nichido Fire

https://liquidinc.asia/20200318/

Insurance Co., Ltd.

justInCase Inc.
Daido

LifeInsurance

Company

Supporting medical workers and SMEs with COVID 19 insurance
https://justincase.xsrv.jp/news-prod/wp-content/uploads/justInCase_pressrelease_20201120.pdf

Kenedix, Inc.
Boostry Co., Ltd.

Issuance of "digital security", adopting blockchain technology

Sumitomo Mitsui Trust Bank,

https://www.nomuraholdings.com/jp/news/nr/etc/20200731/bstr20200731.pdfLimited

OLTA, Inc.
USEN-NEXT HOLDINGS

Financial supports for those affected by COVID 19Co., Ltd.

https://corp.olta.co.jp/pr/2020-0428-2

Shinsei Bank, Limited（In Alphabetical Order）■About FINOLAB Inc.

■About FINOLAB Community

Address：Otemachi 1-6-1, Chiyoda-ku Tokyo

The Fintech Center of Tokyo, FINOLAB is a membership community

Representative：CEO, Chie Itoand an office space located in the heart of international financial

Founded：2019-07-11

district in Tokyo）to promote

Capital：JPY 300 Million

2016 by Mitsubishi Estate and Dentsu Group as the first FinTechBusiness Domain ： Promoting FinTech initiatives of Members,Center in Japan. Consists of 50 Startup Members and 16 Corporate

including startups and corporates, and expand FinTech ecosystem

Members (As of Mar. 2021). https://finolab.tokyo/

FinTech ecosystem. Launched in Feb.

in Japan.
Web：https://finolab.co.jp/■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. http://finovators.org/【Inquiry for this release】
FINOLAB Ince. (Att. Shibuya, Tachibana)
E-Mail：info@finolab.co.jp＃＃＃