Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG), has increased its LP capital commitment to the non-dilutive funds operated by Mars Growth Capital from $750 million to $1 billion. This signals MUFG’s strong belief in the future potential of MARS Growth Capital, a joint venture… Read More
Akulaku, a banking and digital finance platform in Southeast Asia, announced a $200 million investment from Japanese bank Mitsubishi UFJ Financial Group (MUFG). The investment round “provides additional support for Akulaku’s projected growth as it advances towards its mission of providing banking services across Southeast… Read More
Southeast Asia-based online financing platform Funding Societies announced earlier this week that it teamed up with MUFG Bank Malaysia, which operates as a subsidiary of Mitsubishi UFJ Financial Group, in order to introduce a Referral Scheme Program exclusively for the banking institution’s corporate customers in… Read More
InvestCloud, a global Fintech company serving large banks, wealth management platforms and fund managers, revealed that it has launched its Wealth Advisor Platform by Mitsubishi UFJ Financial Group (MUFG), which is the largest bank in Japan and also one of the world’s largest financial institutions… Read More
An Israel-based AI technology firm is planning to help MUFG Bank, which is Japan’s largest financial institution, with assessing the operations of Asian startups in order to determine the feasibility of issuing loans to them. The $80 million 50-50 joint initiative between Tel Aviv based… Read More
Japan’s largest banks will be looking into the potential benefits of using electronic money and digital currencies in order to make banks and cashless payments systems interoperable. The initiative has been launched by Japan’s Mitsubishi UFJ Financial Group, the world’s fifth-largest bank in terms of… Read More
Mitsubishi UFJ Financial Group (MUFG) announced on Friday it is donating $3 million to support communities in which it serves across the U.S. Latin America and Canada, as well as clients and colleagues, that are affected by the coronavirus pandemic. MUFG reported that in… Read More
Just days after Mitsubishi UFJ Financial Group Inc. (MUFJ) was reportedly set to invest more than $700 million in Grab, the Southeast Asian ride-hailing giant announced it secured more than $800 million from Japanese investors, which includes MUFJ and also TIS Inc. As previously reported,… Read More
Three large banks in Japan, players in the country’s “crowded” payments market, have decided to abandon a cooperative pilot undertaken in 2017 to create a peer-to-peer remittance network, Nikkei Asian Review (NAR) reports. The three banks- Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group– will… Read More
The Vice President and General Manager of Coinbase, America’s largest cryptocurrency exchange, announced June 4th that the company is expanding physical operations to Japan. “Our new office will lay the foundation for Japan’s crypto investors to access a range of Coinbase’s products,” writes Dan Romero…. Read More
Mitsubishi UFJ Financial Group (MUFG), one of the largest financial institutions in the world, and Akamai Technologies, have announced the development of a new blockchain service. This new partnership seeks to create “the world’s most scalable and fastest payment processing platform” with a capacity to… Read More
Fujitsu has announced an agreement with Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, to conduct a field trial of a “person-to-person money transfer service” using Blockchain technology. The trial is scheduled to commence in January 2018 and last for three… Read More
Mitsubishi UFJ Financial Group, Inc. (MUFG) has announced a “functional realignment” of its group subsidiaries. The realignment includes a name change from The Bank of Tokyo-Mitsubishi UFJ, Ltd to MUFG Bank, Ltd. (subject to regulatory approval). The company said they had two aims: adapting to domestic… Read More
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