Tokyo FinTech
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Tokyo FinTech

The Japan FSA Regulatory Sandbox

Is a “PoC Hub” the same as a “Regulatory Sandbox”?


  • PoC approach and boundaries are clearly laid out
  • The services are expected to improve user convenience and corporate productivity in Japan (social significance)
  • Level of innovation in the service to be realized
  • When a retail customer participates in the PoC, it is necessary to properly deal with customer protection, including explanation to customers
  • Resources such as funding and personnel necessary for conducting the PoC are secured (feasibility of carrying out experiments)

Key Considerations

PoC #1

  • Mizuho Financial Group, Inc.
  • Sumitomo Mitsui Financial Group, Inc.
  • Mitsubishi UFJ Financial Group, Inc.
  • Deloitte Tohmatsu Group

PoC #2

  • Dai Nippon Printing Co., Ltd.
  • West Japan City Bank, Ltd.
  • Scan face photo data from IC chip such as driver’s license
  • Take a customer’s photo with a camera
  • Using face authentication technology, confirm the authenticity of the photos taking in the previous steps

PoC #3

  • Fronteo Corporation, with participating financial institutions
  • Mitsubishi UFJ, Ltd.
  • Resona Bank, Ltd.
  • Yokohama Bank, Ltd.
  • SMBC Nikko Securities Co., Ltd.



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Norbert Gehrke

Passionate about strategy & innovation across Asia. At home in Japan. Connector of people & ideas.