Welcoming Mr Kiyotaka Sasaki, Visiting Professor of Hitotsubashi University as an Advisor of ExaWizards

ExaWizards Inc., a company that develops AI-enabled services to solve social issues (Headquarters: Minato-ku, Tokyo; Representative Director & President: Ko Ishiyama; hereafter, “ExaWizards”) announces  that it has welcomed Mr Kiyotaka Sasaki, Visiting Professor of Hitotsubashi University  asAdvisor of ExaWizards  and started joint research on AI-based RegTech solutions to address increasingly complex and sophisticated financial regulations. 

    Mr. Sasaki has long been involved in financial administration, including financial inspection and supervision and securities market surveillance, having served as the Director General of the Securities and Exchange Surveillance Commission and the Director General of the Policy Bureau at the Financial Services Agency. After retiring in 2019, Mr. Kiyotaka Sasaki will serve as a visiting professor at Hitotsubashi University’s Graduate School of Business Administration, where he established the Global Financial Regulation Research Forum and continues to research the latest developments in financial regulation. ExaWizards and Mr. Kiyotaka Sasaki will work together to develop AI-based RegTech solutions to help Japanese financial institutions respond to rapidly changing financial regulations.
  RegTech is a term coined by combining the words “regulation” and “technology,” and is a generic term for technology solutions that utilize AI and other advanced technologies to efficiently respond to regulatory and compliance requirements.

1. Profile of Mr. Kiyotaka Sasaki
    Visiting Professor of Hitotsubashi University
  After graduating from the University of Tokyo Faculty of Law in 1983, Mr. Sasaki joined the Ministry of Finance. After the establishment of the Financial Supervisory Agency (FSA), the predecessor of the Financial Services Agency (FSA), he has been engaged in financial administration for over 20 years, serving as Deputy Director-General of the FSA and Director-General of the Policy Planning Bureau. After retiring in July 2019, he became a visiting professor at Hitotsubashi University’s Graduate School of Business Administration, where he established the Global Financial Regulation Research Forum. He continues to conduct research on the latest developments in financial regulation.

２．Comments
Comment of Mr. Kiyotaka Sasaki：
  DX, as typified by FinTech, is rapidly advancing in the financial industry, and the way financial regulations should respond to this and the regulatory responses that utilize DX are important issues for both financial regulators and financial institutions. The consistent development of both RegTech for financial institutions to comply with financial regulations and the use of DX in the supervision of financial regulators is expected to enhance the sophistication and efficiency of financial operations, financial regulations, and financial markets as a whole.
  I hope to contribute to these goals through the synergy of my past experience at financial regulators and ExaWizards’ AI expertise.

Comment of Ko Ishiyama, Representative Director &President, ExaWizards
  Regulations related to the financial industry are frequently changed and updated, with some sort of regulatory change occurring every seven minutes around the world. The World Economic Forum (WEF) released a white paper in April 2022, which states that “RegTech is an essential element to keep up with the pace of real-world change and regulatory updates. While complying with regulations is an essential initiative for financial institutions, there are limits to how much information can be gathered manually as in the past, given the frequent changes and updates to regulations. By combining Kiyotaka Sasaki’s knowledge of the latest trends in global financial regulations with our AI technology and know-how, we aim to develop a solution that will enable Japanese financial institutions to respond to regulatory updates efficiently and effectively.

 【Corporate profile of ExaWizards Inc.】
Company name: ExaWizards Inc.
Head Quarter: 21F, Shiodome Sumitomo Bldg., 1-9-2 Higashi-Shimbashi, Minato-ku, Tokyo
Founded in: February, 2016
Representative: Ko Ishiyama, Representative Director & President
Business Description: Industrial innovation and resolution of social issues through development of AI-based services
Corporate site: https://exawizards.com/

<Inquiries about this release>
Public Relations Department, ExaWizards Inc.
E-mail: publicrelations@exwzd.com