Tag "MUFG"
MUFG Pumps US$100M into Home Credit Indonesia for Sustainable Financing
Home Credit, an Indonesian consumer finance company, has secured an investment of US$100 million from Mitsubishi UFJ Financial Group’s (MUFG) division in the country, according to a report by Tech in Asia. This new capital injection will be strategically allocated
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MAS Unveils Five New Industry Pilots Under Project Guardian
The Monetary Authority of Singapore (MAS) has teamed up with the financial industry to expand initiatives related to asset tokenisation. The goal is to enhance the foundational capabilities necessary to scale tokenised markets, ultimately driving institutional adoption of digital assets.
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MUFG and Bank Danamon Sets up US$100 Million Fund for Indonesian Startups
MUFG Innovation Partners (MUIP) and MUFG Bank, subsidiaries of Mitsubishi UFJ Financial Group (MUFG), has set up a US$100 million fund with Bank Danamon Indonesia. The fund named MUFG Innovation Partners Garuda No. 1 Limited Investment Partnership is MUIP’s third
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WeavInsight, FQX and Norbloc Win the MAS Global Fintech Hackcelerator 2022
FQX, norbloc and WeavInsight are the winners of the Global Fintech Hackcelerator 2022, organised by the Monetary Authority of Singapore (MAS) and Oliver Wyman. This year’s programme, which focuses on Web 3.0 and green finance, was designed based on problem
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Japan’s MUFG Bank to Invest US$300 Million in Middle- To Late-Stage Indian Startups
MUFG Bank announced that it plans to invest US$300 million in middle- to late-stage Indian startups through the new MUFG Ganesha Fund. In the future, MUFG said that it will aim to leverage its group strengths to provide a wide
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Singaporean AI for Banks Silot Closes SG$10.85 Mil With SBI Investment
Silot, an AI platform for intelligent financial decisions, recently completed its Series A Round with US$8 million (SG$10.85 million) with SBI Investment being the lead investor, followed by Sumitomo Corporation, MUFG’s subsidiary Krungsri Finnovate, and the previous investor Arbor Ventures.
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Proof-of-Concept on ASEAN’s first industry Know Your Customer Blockchain Bank Project
OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with the Infocomm Media Development Authority (IMDA), has become the first consortium in South East Asia to successfully complete a proof-of-concept for a Know Your Customer (KYC) blockchain. This development
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