MUFG’s banking arm The Bank of Tokyo-Mitsubishi UFJ (BTMU), the third largest bank in the world and largest bank in Japan, publicly announced today that it is joining Ripple’s Global Payments Steering Group (GPSG).
The Prudential Regulation Authority (PRA) has today imposed a fine of £17.85m on The Bank of Tokyo-Mitsubishi UFJ Limited (BTMU) and a fine of £8.925m on MUFG Securities EMEA plc (MUS(EMEA)) for failing to be open and cooperative with the PRA in relation to an enforcement action into BTMU by the New York Department of Financial Services (DFS).
Kyriba Corp., the global leader in cloud-based treasury, cash and risk management solutions, today announced Mitsubishi UFJ Capital, a Tokyo-based venture capital firm specializing in electronics, healthcare, and technology investments, has joined Kyriba’s Series D funding round.
Mitsubishi UFJ is testing the use of virtual currency rewards for employees who reduce their overtime hours and practice a healthy lifestyle.
The Bank of Tokyo-Mitsubishi UFJ (BTMU) and IBM are teaming up to use blockchain technologies for the design, management and execution of contracts among business partners.
Bitcoin exchange and virtual wallet operator Coinbase has secured a $10.5 million investment from a group of Japanese investors, including Bank of Tokyo-Mitsubishi UFJ (BTMU), to fund its Asian expansion strategy.
Bank of Tokyo Mitsubishi UFJ has confirmed reports that it is working on plans to create its own digital currency, with a limited release of the virtual coin penciled in for early 2017.
Mitsubishi UFJ Financial Group (MUFG) is collaborating with blockchain infrastructure outfit Chain on a proof-of-concept test for the application of distributed ledger technology in the issuance and transfer of Promissory Notes.
Bank of Tokyo-Mitsubishi UFJ (MUFG) is the latest financial services giant to confirm it is experimenting with distributed ledger technology, creating its own digital currency as it seeks to find ways to bring down the costs of transactions.
SWIFT announces today that The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) has signed up for Compliance Analytics, a SWIFT service that helps financial institutions mitigate financial crime risk and cost by analysing their global message traffic on the SWIFT network.
© Finextra Research 2017