For example, seal stamps and PINs, which are traditional measures for verification in financial transactions, are accompanied by certain risks, such as theft and identity theft. In this regard, biometric authentication utilizing new technology may contribute to reducing these risks and strengthening the security in financial transactions.
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.