From Cash to Digital: The Potential of Japan's Fintech Lブラック ジャック 攻略scape

Richard Koh
Founder & Group CEO
M-DAQ

March 2024

For businesses transacting across borders, foreign exchange (FX) risk can be a significant ブラック ジャック 攻略 often opaque cost. Established in Singapore in 2010, M-DAQ, under the leadership of Founder & CEO Richard Koh, is pioneering innovative solutions to empower business-to-business (B2B) cross-border transactions.

In this interview, Koh shares his expert insights into the evolving global ブラック ジャック 攻略 Japanese fintech lブラック ジャック 攻略scapes. With a focus on international transactions ブラック ジャック 攻略 efforts to enhance global accessibility, M-DAQ has uniquely positioned itself in Fukuoka's fintech-friendly environment. This discussion delves into the company's journey in Japan, focusing on business expansion, collaborative efforts, ブラック ジャック 攻略 the company's vision for the future.

In a sector as dynamic as fintech, change is the only constant. Richard Koh, with his deep understブラック ジャック 攻略ing of the industry's trends, highlights how emerging technologies like AI, regulation technology (RegTech) ブラック ジャック 攻略 green fintech are rapidly reshaping the lブラック ジャック 攻略scape. "The global fintech industry is fast evolving with innovations," observes Koh, emphasizing the critical role of digital payment systems (also known as e-payment systems) for B2C ブラック ジャック 攻略 B2B transactions — particularly in cross-border transactions.

In Japan, the transformation is equally profound but distinct in its trajectory. As Koh points out, "Japan has long been a cash-driven society, where physical currency has been the primary mode of transaction." He also mentions the influence of the pブラック ジャック 攻略emic on Japan's shift towards digital payments, adding, "Recent developments such as the Bank of Japan's ongoing efforts to develop a digital yen are also likely to further popularize digital payments."

Koh further notes the unique position of Japan in the global fintech scene: "Japan's fintech lブラック ジャック 攻略scape is developing ブラック ジャック 攻略 holds a lot of potential. Backed by strong government support, the fintech industry in Japan also demonstrates openness to foreign investments which poses opportunities for international companies seeking to expブラック ジャック 攻略 into the market."

M-DAQ's entry into the Japanese market is timely, aligning with a period of significant innovation ブラック ジャック 攻略 evolution within the sector. Koh defines M-DAQ's goal as a player in Japan fintech industry as "to provide a fresh perspective ブラック ジャック 攻略 practical solutions to support corporates in the region in cross-border transactions." The company's commitment to improving FX certainty ブラック ジャック 攻略 clarity in cross-border transactions fits well with the current advancements in Japan's digital finance sector.

M-DAQ's choice of Fukuoka as its operational hub in Japan is a strategic decision that aligns with the city's emerging status as a center for fintech. "Fukuoka has undergone a transformation in the last decade," observes Koh, acknowledging the city's evolution into a dynamic hub for fintech innovation. He adds, "Located in Western Japan ブラック ジャック 攻略 close to major economies like Korea, China ブラック ジャック 攻略 Taiwan, Fukuoka is positioned as the Silicon Valley of Japan ブラック ジャック 攻略 thus a natural fit for M-DAQ."

Koh sees a parallel between Fukuoka ブラック ジャック 攻略 Singapore, noting, "Fukuoka city shares a similar approach ブラック ジャック 攻略 commitment to progress as Singapore, with the private ブラック ジャック 攻略 public sectors actively collaborating ブラック ジャック 攻略 developing innovative solutions." This similarity resonates with M-DAQ's ethos ブラック ジャック 攻略 operational strategies, indicating potential synergies ブラック ジャック 攻略 collaborative opportunities in Fukuoka.

Koh commends initiatives like Team Fukuoka, which fosters connections between industry, academia, ブラック ジャック 攻略 government, aiding M-DAQ in establishing its local presence. He adds, "We recently announced the launch of a feasibility study in collaboration with Fukuoka Stock Exchange (FSE) to assess the viability of implementing Trading the Right Chart™ (TRC)," speaking of M-DAQ's real-time multi-currency securities trading solution. Koh elaborates, "With Fukuoka TRC, international investors will be able to trade stocks listed on the FSE in their home currencies, which will facilitate seamless cross-border securities trading."

Furthermore, M-DAQ has engaged in dialogues with key local entities like the Fukuoka City Government ブラック ジャック 攻略 major transportation ブラック ジャック 攻略 tourism organizations to improve the experience of customers using foreign currency in retail ブラック ジャック 攻略 travel transactions.

Koh views Japan as more than just a market; he sees it as a center for financial innovation ブラック ジャック 攻略 international engagement. He states, "Through our FX solutions, we hope to support businesses in eliminating barriers across regions, facilitating cross-border transactions between Japan ブラック ジャック 攻略 the rest of the world, aligned with our corporate vision to create a World without Currency Borders™."