Tagged: mitsubishi ufj financial group

Tel Aviv’s Liquidity Capital and Japanese Financial Giant MUFG Establish $80 Million Initiative for Asian Digital Commerce Startups

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

Digital Transformation: Japan’s Big Banks are Studying Virtual Currencies and how to Make Banks and Cashless Payments Systems Interoperable

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 Announces $3 Million Donation to Support Those Affected By COVID-19

  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

Grab Secures More Than $850 Million Through Japanese Investors, Including Mitsubishi UFJ Financial Group Inc. & TIS Inc.

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 Japanese Banks Drop Plans to Create Peer-to-Peer Payment Network

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

Coinbase Launching Crypto Exchange Operation in Japan

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 Partners with Akamai on Speedy Blockchain & Payment Network

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 Partners with Three Major Banks on Blockchain Field Study

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 Realigns Subsidiaries to Reflect Market Changes Including Fintech

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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