Recent innovation in information technology and “FinTech”  Today, we are observing very rapid innovation in information technology. Due to the spread of the internet, smartphones and social networks, the amount of data and information disseminated through various networks has expanded exponentially. Innovation in information technology makes it possible to process and analyse such “big data” speedily.
Also, information related to retail transactions of goods and services, which was left unused in the past, is now gathered through loyalty cards and e-money cards and utilized for business purposes. Moreover, new forms of economic activities comprising the “sharing economy” have been realized thanks to new information technology.