Development of the Fintech Legal Framework and Stepped-Up Activity by Financial Institutions and Major Systems Integrators
First written in FY2017-Q2. 8 of 13 entries say "Restated". Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2RestatedAnnual report
「Legal development to digitalise corporate back-office operations is progressing, including the amended Act on Book and Record Keeping through Electronic Means that took effect in January 2022 and the introduction of the invoice system from October 2023. In the payments sector, domestic megabanks are advancing the establishment of new payment infrastructure for small-value fund transfers, supporting the spread of cashless payments.」
The business environment continues to be characterised by legal and financial-infrastructure development supporting digitalisation and cashless payments. - FY2022Additional policy developmentsAnnual report
「In the payments sector, domestic megabanks are advancing the establishment of new payment infrastructure for small-value fund transfers, supporting the spread of cashless payments. In addition, the government is taking steps to address individuals' financial needs, including the digitalisation of salary payments and doubling asset-based income.」
In addition to the existing development of the Fintech legal environment, policies for individuals, including the digitalisation of salary payments and doubling asset-based income, were added to the business environment. - FY2022-Q2Additional market-environment factorsAnnual report
「Various businesses are emerging actively in the Fintech market, including Embedded Finance, in which non-financial businesses incorporate financial services into their existing services and provide them as an integrated offering.」
The Fintech market outlook was expanded to include growing attention to and activity in Embedded Finance, a new form of financial service delivery. - FY2022-Q1RestatedAnnual report
「In addition, the Growth Strategy Action Plan approved by the Japanese government in July 2020 includes plans to review payment legislation, develop financial services intermediation legislation, and establish an environment for cashless payments, as well as enhanced support for small and medium-sized enterprises adopting communications equipment for telework.」
The policy environment, including payment legislation, financial services intermediation legislation, cashless payments and telework support, continues to be presented as part of the business environment. - FY2021-Q2RestatedAnnual report
「The Growth Strategy Action Plan approved by the Japanese government in July 2020 includes plans to review payment legislation, develop financial services intermediation legislation, and establish an environment for cashless payments, as well as enhanced support for small and medium-sized enterprises adopting communications equipment for telework.」
The policy environment, including payment legislation, financial services intermediation legislation, cashless payments and telework support, continues to be presented as part of the business environment. - FY2021-Q1Specific development of institutional frameworks and policy supportAnnual report
「The Growth Strategy Action Plan approved by the Japanese government in July 2020 includes plans to review payment legislation, develop financial services intermediation legislation, and establish an environment for cashless payments, as well as enhanced support for small and medium-sized enterprises adopting communications equipment for telework.」
The government's plans for developing Fintech-related systems were specifically described, covering payment legislation, financial services intermediation legislation, the cashless environment, and support for telework adoption. - FY2020-Q2RestatedAnnual report
「The Japanese government's Growth Strategy 2018, announced in June 2018, identified the promotion of FinTech and cashless payments as a priority area, and a report was compiled by the Financial System Council's Working Group on Payment and Financial Services Intermediation Legislation. The legal environment supporting Fintech venture companies is also being developed, and activity by financial institutions and other parties is increasing, with the market attracting attention as one expected to continue growing.」
The view that the development of the legal environment related to Fintech and increased activity by financial institutions and other parties underpin a growing market continues. - FY2020-Q1Specific prospects for the submission of billsAnnual report
「A report was compiled by the Financial System Council's Working Group on Payment and Financial Services Intermediation Legislation. The legal environment supporting Fintech venture companies is also being developed, including the expected submission during 2020 of bills to amend the Payment Services Act and establish cross-sectoral financial services intermediation legislation. Activity by financial institutions and major system integrators is also increasing, and the market is attracting attention as one expected to continue growing.」
In addition to the existing market environment of legal development and increased activity by financial institutions and other parties, the expected submission of related bills during 2020 was specifically described. - FY2019-Q1RestatedAnnual report
「Japan's domestic Fintech (Note 1) market, to which the Group belongs, is attracting attention as a market expected to continue growing. This reflects the development of a legal environment supporting Fintech venture companies, including amendments to the Banking Act, enactment of the Virtual Currency Act, and amendments to and enforcement of the Act on Book and Record Keeping through Electronic Means, led by the Financial Services Agency and the Ministry of Economy, Trade and Industry; increased activity by financial institutions and major system integrators; and an increase in large-scale fundraising transactions in the Fintech market.」
The development of Fintech-related legislation, the activities of financial institutions and major system integrators, and expectations for market growth continue to be described. - FY2018-Q3RestatedAnnual report
「Japan's domestic Fintech market, to which the Group belongs, is attracting attention as a market expected to continue growing. This reflects the development of a legal environment supporting Fintech venture companies, including amendments to the Banking Act, enactment of the Virtual Currency Act, and amendments to and enforcement of the Act on Book and Record Keeping through Electronic Means, led by the Financial Services Agency and the Ministry of Economy, Trade and Industry; increased activity by financial institutions and major system integrators; and an increase in large-scale fundraising transactions in the Fintech market.」
The development of Fintech-related legislation, the activities of financial institutions and major system integrators, and expectations for market growth continue to be described. - FY2017RestatedAnnual report
「The development of a legal environment supporting Fintech venture companies, including amendments to the Banking Act, enactment of the Virtual Currency Act, and amendments to and enforcement of the Act on Book and Record Keeping through Electronic Means, led by the Financial Services Agency and the Ministry of Economy, Trade and Industry; increased activity by financial institutions and major system integrators; and an increase in large-scale fundraising transactions in the Fintech market have contributed to the market attracting attention as one expected to continue growing.」
The view that Fintech-related legislation, the activities of financial institutions and SIers, and market growth constitute the business environment continues. - FY2017-Q3RestatedAnnual report
「Japan's domestic Fintech market, to which the Group belongs, is attracting attention as a market expected to continue growing. This reflects the development of a legal environment supporting Fintech venture companies, including amendments to the Banking Act, enactment of the Virtual Currency Act, and amendments to and enforcement of the Act on Book and Record Keeping through Electronic Means, led by the Financial Services Agency and the Ministry of Economy, Trade and Industry; increased activity by financial institutions and major system integrators; and an increase in large-scale fundraising transactions in the Fintech market.」
The development of Fintech-related legislation, increased activity by financial institutions and other parties, and expectations for market growth continue to be described as the business environment. - FY2017-Q2First statedAnnual report
「Japan's domestic Fintech market, to which the Group belongs, is attracting attention as a market expected to continue growing. This reflects the development of a legal environment supporting Fintech venture companies, including amendments to the Banking Act, enactment of the Virtual Currency Act, and amendments to and enforcement of the Act on Book and Record Keeping through Electronic Means, led by the Financial Services Agency and the Ministry of Economy, Trade and Industry; increased activity by financial institutions and major system integrators; and an increase in large-scale fundraising transactions in the Fintech market.」
The market environment was newly described in terms of the development of the legal framework, increased activity by financial institutions and major system integrators, and large-scale fundraising by Fintech companies.