Mar. 24, 2020
For Immediate Release
FINOLAB Inc.
FINOVATORSFINAL 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

infinancialareabyadopting

information

technology and to share best practices in the industry, andexpects to further expand open innovation beyond corporategroups and business sectors. JFIA2020 consists for 3
categories, including Startup, Financial Institution, andCollaboration. 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 ExcellenceAwardGrand Prix

Startup
Category Excellence

Company

Initiative (Press Release)

Remarks

Fukuoka Financial

Next Generation Banking System

Creative approach to developGroup, Inc.

on Public Cloudflexible infrastructure for banks

Crowd Cast, Ltd.

Financial Institution

GMO Aozora Net Bank,

Category ExcellenceLtd.
Seven Bank, Ltd.

Collaboration

CAULIS INC.

Category Excellence

The Kansai Electric Power
Company, Incorporated

Corporate Prepaid Card forExpense ManagementDevelopers' Portal for Bank API

Fraud Detection for AccountOpening Using Power SupplyInformation

Promoting corporate cashless
payment and efficient expense
management
Expanding new ecosystem bymaking Bank API accessible
Collaboration beyond industry
sector, making use of regulatory
sandbox to improve security toprevent financial crime

JFIA 2020 Winners
Category

Company

Initiative (Some are Only in Japanese)Startup

Crowd Cast, Ltd.

Corporate Prepaid Card for Expense Management

Funds, Inc.

Online Market for Lending Fund

GINKAN, Inc.

Program to Earn Cryptocurrency with Credit Card Usage

TRUSTDOCK Inc.

e-KYC Identity Verification App

WealthNavi Inc.

Wealth Management Advice with AIFinancial

Fukuoka Financial Group, Inc.

Next Generation Banking System on Public CloudInstitution

GMO Aozora Net Bank, Ltd.

Developers' Portal for Bank API

ORIX Bank Corporation

Living Trust for Donating to Local Government

SBINeoMobile Securities Co., Ltd.

New Brokerage Service to Purchase Stock with T-POINT

Sumitomo Mitsui Financial Group, Inc.

Online Signup for Corporate Card

Collaboration

Emerada Co., Ltd.

Face to Face Type Cash-Flow Lending

Johoku Shinkin BANKLINE Corporation
Mizuho Financial Group, Inc.

J/V to Establish Smartphone Bank, LINE BANK

Mitsubishi UFJ Financial Group. Ltd.

ST Research Consortium to Develop Next-Generation Financial

LayerX Inc.

Transaction Infrastructure on Blockchainetc.

Nihon Unisys, Ltd.
Mitsui Sumitomo Insurance Co., Ltd.

Insurance Service to Promote Financial Inclusion

Doreming PTE. LTD.
Seven Bank, Ltd.
CAULIS INC.

Fraud Detection for Account Opening Using Power Supply

The Kansai Electric Power Company,Information

Incorporated（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 FinTech ecosystem. Launched in Feb.

Capital：JPY 300 Million

2016 by Mitsubishi Estate and Dentsu Group as the first FinTech

Business Domain ： Promoting FinTech initiatives of Members,Center in Japan. Consists of 56 Startup Members and 17 Corporate

including startups and corporates, and expand FinTech ecosystem

Members (As of Mar. 2020). https://finolab.tokyo/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＃＃＃