Thus, it is critical for relevant parties to make utmost efforts to use technological innovation for enhancing security in financial transactions. FinTech will thrive and grow when users associate it not only with convenience but also with safety and trust. IV. Initiatives at the Bank of Japan  FinTech has various implications for central banking.
FinTech has a wide influence on payments, settlements and financial services, and could stimulate various economic activities, including e-commerce and “sharing economy” businesses. Also, FinTech can encourage mutual feedback between financial activities and high-end technologies, including cryptographic techniques. Moreover, financial literacy and education are needed to promote the sound development of FinTech.