Power Supply Information . Since many fraudulent accounts are opened at banks using empty house address , they came up with the idea to use power supply data to judge whether the address used has a resident or not . The idea was developed , and they applied for the regulatory sandbox as it was not clear whether an electronic power company can provide information of individual households . And , after testing in the sandbox , they were legally granted to implement . It was one of the early cases of making use of sandbox , and FINOLAB and FINOVATORS supported their collaboration process .
Reflecting on the company ’ s operations , Shibata believes its biggest strengths are its geographical locations in the heart of the financial district that connects all of its stakeholders to the fintech industry . “ I think our biggest success has been the recognition that FINOLAB has received within the finTech industry in Tokyo ,” he concludes .
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