Ep. 37: FinTech and Open Innovation for a Global Financial City with Makoto Shibata

Business Karaoke Podcast with Brittany Arthur

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In this episode we are joined by Makoto Shibata. Shibata-san leads FINOLAB which was ranked in the top 10 innovation labs in APAC in 2020. The FINOLAB community consists of 50 startup members and 16 corporate members to stimulate innovation in Financial Technology in one of the most prominent international financial centers, the Otemachi area in Tokyo.
I was keen to invite Shibata-san to share his insights on FinTech and Open Innovation not only because of his experience with startups and accelerators but because of his remarkable experience in leading emerging technology, FinTech initiatives and digital banking at MUFG. This unique balanced perspective that Shibata-san provides, balance not only between the traditional corporate world and the startup world but also between global and domestic markets is exactly the kind of insights that can equip us in the Business Karaoke Podcast community to understanding what kind of opportunities and disruption await us in the future.
This interview with Shibata-san is broken up into to parts; English and Japanese, where we explore the issues surrounding Open Innovation and Fintech from a global and local perspective, respectively.
I hope you enjoyed this episode as much as I did and please remember to share your feedback with me on your favourite social media platform.
Let's begin!
04:00 | Defining open innovation
07:00 | Competitiveness of Tokyo as a global FinHub
11:00 | Overview of Major stakeholders and Fintech Initiatives
22:30 | What makes a strong FinTech community?
25:15 | Foreign Startups becoming trusted business partners
27:15 | Opportunities to serve underutilized personal assets
33:00 | Looking to the next 3-5 years
Find out more about Shibata-san and FINOLAB here:
LinkedIn (https://www.linkedin.com/in/makoto-shibata-0aa0b33/)
FINOLAB (https://finolab.co.jp/index.html)