This is demonstrated in the payments and financial intermediation that connect various entities, such as senders/receivers and lenders/borrowers. In this sense, such activities must always be supported by people's “trust.” Since FinTech is illustrated as a technologically advanced form of financial services, the importance of trust also applies to FinTech.
For the development of FinTech, it is imperative to firmly maintain people's trust in financial services while facilitating the creativity and innovation needed to meet the needs of people. If information security problems were to repeatedly occur in a part of FinTech services, public trust toward FinTech in general would be eroded even though such problems are caused by a limited number of entities.