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October 4, 2019
Office for Strategic Policy and ICT Promotion
Tokyo Financial Award, Financial Innovation Category:
5 financial companies have passed the initial screening
As one project in the “Global Financial City: Tokyo” Vision, the Tokyo Metropolitan Government (TMG) is hosting the “Tokyo Financial Award.” Since last year, the TMG has been granting a prize to financial companies who provide and develop innovative products and services that meet Tokyo citizens’ needs and challenges, as well as financial companies who work to promote ESG investments(*1).
Based on the needs and challenges Tokyo residents feel daily regarding financial services, 25 themes were decided on for the Financial Innovation category. From July 16th to August 23th, we welcomed applications from both Japanese and foreign financial companies who offered solutions that aligned with these themes.
As a result, we received applications from 80 financial companies across 17 countries and regions (including Japan). We are pleased to announce the five financial companies that were selected in the initial screening.
(*1) ESG (“Environment, Social, Governance”) refers to investment decisions based on an institution’s proactive efforts in combating global warming, empowering women, selecting outside directors, etc.
1 Financial companies(in alphabetical order) and Overviews of their Businesses
| Company | Country/Region | Theme | Company Overview |
|---|---|---|---|
| FINPLANET, Inc. | Japan |
|
Provides Robo-Advisory service dedicated for fairness and neutrality. |
| Fly Money Technologies LTD. | Israel |
|
Fly Money helps travelers pay like locals, by providing tourists the local currency solutions - local mobile wallets, local cash or prepaid cards - according to their vacation destination and origin. |
| 400F Co., Ltd. | Japan |
|
Provides the matching platform aimed to relieve users’ financial stress with the help from registered financial planners or IFA（Independent Financial Advisor）. |
| Frich,Inc. | Japan |
|
Selling lawyer fee insurance with help calls related to traffic accidents and bicycle accidents that occur when commuting to work or school. |
| Infcurion Group,Inc. | Japan |
|
A business development group focused on the financial and payment fields. Through providing the Saas (*2) platform and supporting businesses to be digital transformed (*3), they promote the realization of a cashless society. |
(*2) Abbreviation for “Software as a Service”. It means service forms that provide application functions via the Internet.
(*3) Creating value through new products and services, new business models that using cloud and mobility, and establishing competitive advantage.
2 Support Program
Five financial companies mentioned above will receive support program (mentorship program, business match opportunities, and office space for solution development).
Final screening will take a place to decide the ranking of these five financial companies, and three financial companies be recognized.
Award ceremony details to be announced later.
3 Schedule
Please see Tokyo Financial Award website for details.
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Inquiries |
| Special Zone Strategic Projects Promotion Section Office for Strategic Policy and ICT Promotion Phone: +81-3-5388-2144 |