“Japan Financial Innovation Award 2020（JFIA2020）” was inaugurated in 2020 to promote innovative initiatives in the financial area by adopting information technology and to sharing best practices in the industry, and expects to further expand open innovation beyond corporate groups and business sectors. JFIA2020 consists of 3 categories, including Startup, Financial Institution, and Collaboration. FINOLAB, the FinTech Center of Japan, administrated the evaluation process by extracting about 300 innovative initiatives from press releases during the year 2019. 5 category winner were selected by a group of professionals, FINOVATORS, based on judging on innovation, growth, and transformation, and announced were on Mar. 9. After further evaluation, the Grand Prix and Category Excellence for each category was announced at the Future Frontier Fes by FINOLAB (4F).