On September 21, 2017, the Financial Services Agency ("FSA") established a "FinTech Sandbox" to eliminate concerns regarding potential compliance and supervisory risks arising from the implementation of an experimental FinTech innovation. As part of the FinTech Sandbox, a specially composed team within FSA provides continual assistance to FinTech companies introducing unprecedented FinTech experiments, including with respect to compliance or supervisory risks and by providing legal interpretations regarding the provision of FinTech services to end users. Upon receiving a business's application for assistance, the FSA will investigate and then decide whether to provide such assistance. The establishment of the FinTech Sandbox will make it easier for businesses to experiment with FinTech products and will help accelerate the pace of innovation in the FinTech sector.