✅ MUFG To Launch Wealth Management Digital Platform

Today’s digest takes a closer look at how the Mitsubishi UFJ Financial Group is looking to augment its wealth management capabilities. The company has announced the development of the MUFG Wealth Management Digital Platform. The platform will be deployed in the second half of fiscal 2021 to provide optimal solutions to high net-worth clients. The bank and its subsidiaries have collaborated for “MUFG Wealth Management” to provide premium wealth-management services across its footprint. To achieve this, the newly-developed digital platform will rely on the company’s comprehensive strengths and use its total assets to comprehend life goals. With this information, it will be able to suggest favorable solutions such as asset succession, business succession, and asset management. This will be done through the platform’s three functions, holistic view, next best action (NBA), and goal-planning system (GPS). The new platform will enhance the company’s wealth management business scale and is in line with its medium-term business plan. Things seem to be looking up for the company, even before this was announced it has already seen significant growth. As a matter of fact, shares of the company have gained 7.7% on the NYSE, outperforming 2.7% growth in the industry over the past 6 months alone.