 Welcome to ITU Telecom 2017 here in Busan in the Republic of Korea. I'm very pleased to be joined in the studio today with Satoshi Amagai, who is President and CEO of the Moffiria Corporation. Mr. Amagai, thank you very much indeed for being with us today. Good morning. I'm very honored. Good morning. I wanted to ask you about the buzzword here at Telecom is smart digital transformation. What does smart digital transformation mean to you? Of course, getting smarter is good and beneficial to many people. But the other side of the same coin, getting smarter may have some potential risks because getting smarter means some very important, precious processes done invisibly or remotely so that you cannot confirm the process by yourself. At that point, I would say our biometrics technology should work to confirm that people, especially the people, who are correctly the right persons. The technology that you're developing, it recognizes your veins, is that right? And basically then identifies you to financial institution or to be able to travel or that kind of thing? Yeah, yeah. Luckily in Japan, we have a good example. I don't know if you know that, but in Japan, in major banks, I would say over 80%, 80% of ATMs incorporate vein authentication technology. So that, you know, you are away from the potential skimming or hacking something. And again, in case of Japan, until recently, only vein authentication technology on ATMs, not the facial recognition or no fingerprints. That may mean that the vein authentication technology is competitive and safe. And in case of Japan, can I... Yes, please, absolutely, yes. This is the first moving prototype where our vein authentication technology is included. So this is, okay, maybe about eight years ago, this kind of mobile phones are very popular. But on the backside, all the key components are in here. So all you have to do is just grab this way, then it identifies you or you, almost by 100% accuracy, nobody else. So you don't need any pin codes or passwords. So just grab this way, then almost 100% guarantee of you are the user. That's fantastic. Yes, that's great, unless somebody is taking your hand and holding it that way. But no, that's amazing. That's great. And are you going to be obviously looking to put that technology into more modern phones as well? Exactly. Of course, in financial areas, not just the ATMs, but the regular process at the bank stores or offices, or even the current trend of mobile banking, guaranteeing that you are you is very important. So no other people, no hacking, no forgery, no copying, no faking, that should help. Because apparently it's quite easy to replicate, well not easy, but it can be replicated, a fingerprint can be replicated. Exactly. So that technology is in full proof by any stretch of the imagination. I wanted to ask you, in terms of technical standards, what technical standards are needed to build a safer and secure digital financial service? I would expect the ITU, the global standard organization like ITU or ISO, will help us a lot to be well spread into the worldwide. And maybe with standard or basic standard and some of the flexibility to fit the local areas' situations. And what about the barriers and challenges in terms of financial cryptography and data security? How do you think we can overcome them? Obviously this is one of them. Right, like I said, maybe standardization is easier said than done, because unfortunately even now our main technology algorithm or system is not compatible with another company B or company C. So that from the users, the customer's point of view, you have to worry about what to select. Once you select a company B's technology, that's not compatible with ours. So that's why, as I said, maybe the global standardized non-profit third party organization like ITU should play a role as a coordinator to what the best solution for users or customers. So we can certainly try, obviously, and I'm sure there's a technology such as this is of course to the benefit of everybody. So it would benefit everybody, of course, to have standards that mean that this could be put into any telephone or any ATM, absolutely mobile products, exactly such as the one I'm holding right now. And we've talked about essentially what makes this different to everything else. Is it unique, is it a unique technology, this finger vein technology? I should say so. Compared with most known fingerprints, this technology is much, much younger. To the best of my knowledge, fingerprints has more than 100-year experiences for usage over 120 or something. But in case of ours, our original technology was born in sunny just only 20 years ago and other competitors are somewhat in the same case. So very young, but being the youngest means more advanced technology, I would say. So that's how we would like to complement the area where the current biometrics alternatives don't cover 100%. And we think we have our own room to fit into. Right. And in terms of testing, obviously it's a young technology. I mean, obviously the initial fingerprints were ink and onto paper there. But have you tested it in very cold environments? Do veins react differently in different temperatures, et cetera? Yes, thank you for the question. To be short, vein authentication technology has two big differentiating advantages. One is vein structure or blood vessels cannot be seen from outside in normal cases. That's why very hard to make a copy. Face, you can do it. Fingerprint, you can do it. Even nervous, you can make a copy from outside by shooting. So that's how making a copy or fake ones is most difficult. And also, because the vein is located inside the body, very little influences from the outside conditions compared with the fingerprints. Unless you go frostbite or unless you're dead, basically. You said it. Once you are dead, no more blood current. So vein authentication can be possible. But in other words, as long as you are alive, even though you are faint or unconscious, but this can tell you are you. That's great. And finally, I just, obviously you're here attending ITU Telecom World 2017. We're here in Busan in the Republic of Korea. You haven't traveled too far from, obviously, Japan being relatively close by, but however it is, I'm sure an investment in time and everything else. I just wanted to find out from you, what's the value of attending events such as this? And have you got a key message to participants here? This is a very good opportunity, a first time for me and maybe a couple of things. One is good to know the global situation, what kind of concerns or worries they have in where. And the second thing is, it's a good surprise that not a few people refer biometrics in their smart ABC presentations or comment making. So that's good to know. But again, almost very few people know about vein authentication. So it's a good chance for me to introduce what vein authentication technology is and how our technology helps other people concerned. Well, that's wonderful. Thank you very much for sharing this with us. It's been fascinating. And we look forward to catching up with you again, perhaps sometime in the future. Thank you, my pleasure. Thank you.