On March 4 (Tuesday), from 10:00 to 12:40, a seminar entitled “Global Trends in FAPI and VCs: FAPI2.0 & Verifiable Credentials” will be held at the FINOLAB event space. I will also be making a brief appearance.
You will hear discussions of the various considerations involved in using digital credentials for KYC and similar processes at financial institutions, as well as an overview of open banking around the world and FAPI 2.0. On the former topic, we may even hear an explanation of the paper by Mr. Fujie and his colleagues, “A Study of Management Requirements Based on the Use Cases of Digital Credentials”!
We hope you will join us.
Seminar Overview
Held during Japan FinTech Week, this seminar will focus on “FAPI” and “Verifiable Credentials,” presenting the latest global trends and discussing their future implementation in business. We hope you will join us.
◆ Date and time: March 4, 2025 (Tuesday), 10:00–12:40 (doors open at 9:40)
◆ Venue: FINOLAB event space
1-6-1 Otemachi, Chiyoda-ku, Tokyo, Otemachi Building 4F
* The Otemachi Building runs a long way from east to west; the entrance is at its eastern end, on the Tokyo Station side.
◆ Language: Japanese (English-language materials will also be provided)
◆ Fee: Free
◆ Organizers: Authlete, Inc. / ITOCHU Techno-Solutions Corporation
◆ Supported by: FINOLAB Inc.
Agenda:
10:00–10:05 Opening Remarks
10:05–11:00 Governance of Digital Credentials Shigeya Suzuki (Keio University) Naohiro Fujie (ITOCHU Techno-Solutions)
Portable digital credentials such as Verifiable Credentials and related technologies are attracting considerable attention. However, using such digital credentials for KYC and similar processes at financial institutions, for example, entails a variety of considerations. Drawing on the latest developments in the EU, Europe, and the United States, the Keio Research Institute at SFC and ITOCHU Techno-Solutions Corporation have conducted joint research into the management requirements and governance of digital credentials. This session will introduce the jointly published discussion paper, “Management Requirements Based on the Use Cases of Digital Credentials,” and examine the issues that must be addressed when applying digital credentials to financial services and other areas in the future.
11:00–11:55 Open Banking and FAPI 2.0 Takahiko Kawasaki (Authlete)
In the middle of the 2010s, the United Kingdom launched an open banking policy primarily intended to promote competition in the financial industry. This policy established mechanisms that allow computer programs to access financial services, leading to the emergence of a wide range of financial services and making people’s lives more convenient. This open banking movement has now spread around the world, supported technically by a global standard specification called FAPI. FAPI itself reached a major milestone this year when, in February, the final version of FAPI 2.0 was approved. In this session, Authlete, home to authors of the FAPI 2.0 specification, will explain open banking and FAPI 2.0.
11:55–12:00 Summary Nat Sakimura (OpenID Foundation)
12:00–12:40 Networking Reception
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