ICT시대의 핀테크 규제에 관한 고찰-최근 일본의 금융규제의 동향을 중심으로-

This study aims to examine the current trends in Japan’s legal regulations surrounding the FinTech market, and thereby provide proposals for FinTech regulations in Korea. Japan, far behind Europe and USA in the field of FinTech due to its stricter regulations, is currently working towards deregulation, e.g., relaxation of the regulations governing a bank's scope of business and the scope of a bank’s subsidiary companies as stipulated in the Banking Act. Korea is also required to lower barriers to entry into the existing financial business for FinTech companies, promote the contribution of finance companies to Fintech enterprises, and develop a flexible regulatory system to manage changes. The Financial Services Agency of Japan is recently seeking to improve the country’s FinTech environment with a view to promote wider use of FinTech, a new line of service that is formulated by the fusion of finance and IT. Aiming at eliminating excessive regulation through cross-national comparison and enhancing the international competitiveness of Japanese banks, the Agency is considering regulatory reform legislation that would enable bank groups to participate in e-commerce- or IT-based payment services. The Agency is recently hosting a discussion on the specific provisions of the legislation, especially on the measures to expand the business scope of subsidiary companies that can be affiliated with bank holding companies under the Banking Act. The Agency is also, for reference purpose, hosting another discussion on the financial holding company system in USA. Under these circumstances, Korea is also required to assess the potential and direction of the development of payment services while keeping a close eye on the trends towards enhanced corporate governance by financial conglomerates in developed countries.