Japan’s FinTech Eco-systemBrief introduction and Panel Discussion

Maurizio Raffone, CEO of Finetiq Ltd

Tokyo, Japan18 December 2019

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The ModeratorMaurizio Raffone

Founder & CEO

フィネティック

• FINTECH MANAGEMENT CONSULTING

• ADVISORY • BUSINESS DEVELOPMENT

Previous Professional Experience

EducationalEngagement:

www.linkedin.com/company/finetiq/www.finetiq.io t.me/finetiqlimited

Japan’s FinTech Eco-system

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• Global Financial City Vision• FinTech Accelerator Program

FinTech in JapanFinTech is a focus area for public policy and private enterprise

Japan’s FinTech Eco-system

Unprecedented governmental focus on financial technology innovation

• Comprehensive Policy Recommendations

• New Economic Policy Package 2020

Strong Fundamentals

ü Third largest world economyü High GDP per capita

ü Regulated crypto marketü Increasing VC investments

in FinTech start-ups

ü Major financial institutions taking a more active role in FinTech market

n However, Japan is historically a difficult market to enter and develop a successful long-term business presence

n Finetiq supports its clients with business model and product localization, commercial relationship building and market entry strategies specific to Japan

• FinTech Support Desk• FinTech Proof-of-Concept (PoC) Hub

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FinTech in JapanRegulatory Landscape

n METI’s FinTech Vision

Source: METI, “Japan’s FinTech Vision“, May 2017Japan’s FinTech Eco-system

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FinTech in JapanPervasive activity by major financial companies

• JPY 20bn FinTech Fund• MUFG Coin, blockchain stable-coin• Open API to FinTech ventures• Partnership with Akamai on open payment networks

• BlueLab as digital innovation unit• Smartphone bank initiative with Line Corp• AI products development with Cogent Labs• Partnership with J.Score on consumer lending

• Collaboration with R3 on blockchain trade finance platform• Biometric technology for smartphones• Partnership with MoneyForward on integrated budgeting app• Integration with Kakeibon’s AI spending technology

• Operates a Japan-based regulated Virtual Currency Exchange • SBI FinTech Solutions subsidiary• Partnership with Ripple for cross border payments• Dedicated FinTech incubator

Japan’s FinTech Eco-system

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n Line Corp and Yahoo! Japan- Two large tech companies in Japan- Recently announced a 50:50 merger

- Both own regulated crypto exchanges in Japan (BitMax and TaoTao)

- Line Corp also a Singapore-based crypto exchange, Bitbox- Both active in e-money (Line Pay and PayPay)- Line launched a social score “Line Score”- Blockchain as enabling technology to bring together the

tech companies’ strategies into financial services

FinTech in JapanBig Tech companies moving in

Japan’s FinTech Eco-system

Payments

Food Delivery

Travel

Investments

Insurance

Ride hailing

Social Media

The Rise of the Mega App

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The PanelistsLeaders in FinTech

Japan’s FinTech Eco-system

Gen UeharaHead of Strategy and Planning,

Asia Pacific RegionSymphony

A seasoned finance professional,head of Strategy and Planning forAsia Pacific at Symphony, aunicorn company focused oncollaboration tools for financialinstitutions.Gen graduated from ColumbiaUniversity with a BS in CivilEngineering.

Jeff WentworthCo-founder and CEO

Curvegrid

An experienced technologist withfinance experience having spentsix years at Goldman Sachs.Prior to that, Jeff was atechnology consultant andcustomer engineer at EMC. Hegraduated from the University ofWaterloo with a degree inComputer Engineering.

Yuki KishiFinTech Director

Plug & Play Japan

is in charge of the operation ofthe accelerator program andbusiness development. Yuki hasprior experience in finance havingworked at Deutsche Bank inJapan.He holds an MBA from Universityof Cambridge and a BS fromUniversity of London, QueenMary college.

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