Financial innovation

In October 2018, viewing it as an opportunity to inform the general public about its digital transformation initiatives, and following the success of its exhibition the previous year, MUFG staged an exhibit at CEATEC JAPAN 2018, the largest international exhibition in Asia. Based on the concept of “The future shape of financial services that utilize advanced technologies”, MUFG exhibited 20 services from Group companies. These primarily comprised initiatives scheduled for release from 2018 to 2019.
MUFG will continue to work on creating innovative financial services based on open innovation.

MUFG provides assistance for the launch of new businesses in FinTech and other cutting-edge technological fields through the MUFG Digital Accelerator program, which it hosts. Participating companies are offered advice from mentors boasting extensive expertise and given access to dedicated working spaces. They may also take advantage of a network comprising the participant companies and the MUFG Group entities.
In February 2016, MUFG entered a partnership with Plug and Play, LLC, a tech company based in Silicon Valley, to jointly operate the program. Having thus accelerated our business incubation efforts, we will strive to create a number of revolutionary businesses through open innovation in tandem with venture startups.