12 Nov '17, 10pm

MUFG ups the ante on blockchain

MUFG ups the ante on blockchain

THE MITSUBISHI UFJ Financial Group Inc (MUFG) is tapping into the potential of blockchain technology, hoping to carve a piece of the estimated 50 trillion yen (S$600 million) market in blockchain-enabled services in Japan alone. The efforts by Japan's largest bank come amid a strategic thrust set out in May. MUFG is pushing itself to "re-imagine" banking by investing in digital technology that can improve customer service, re-engineer processes and reform customer interface channels in Japan and globally, said Hirofumi Aihara, general manager of MUFG's digital transformation division. "At MUFG, we recognise the potential of technologies like blockchain, AI and robotics, and are fully focused on harnessing them for our strategic business efforts. "In the case of blockchain, we want to develop practical applications that can improve the banking experience of our customers ev...

Full article: http://www.businesstimes.com.sg/hub/singapore-fintech-fes...

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