FRONTEO supports DX of Bank of Mitsubishi UFJ

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2023.10.10 Press release

--To the press -

FRONTEO supports DX of Bank of Mitsubishi UFJ

Introducing KIBIT to improve the sophistication of risk management operations

FRONTEO Inc.
Masahiro Morimoto, President and CEO
2-12-23 Konan, Minato-ku, Tokyo
(Code number: 2158 TSE Growth)

 FRONTEO Co., Ltd. (Headquarters: Minato-ku, Tokyo, President and CEO: Masahiro Morimoto, hereinafter referred to as FRONTEO) is an AI solution equipped with the in-house developed AI "KIBIT" specializing in natural language processing. We are pleased to inform you that this service will be introduced from October as part of the DX promotion efforts of Bank of Mitsubishi UFJ (Headquarters: Chiyoda-ku, Tokyo, Director and Executive Officer: Junichi Hanzawa, hereinafter referred to as Bank of Mitsubishi UFJ).By combining FRONTEO's AI with the financial knowledge that the bank has accumulated, we will contribute to further promoting DX in business sophistication and risk management.

 

 

 Based on the purpose of "becoming the power that moves the world forward," Bank of Mitsubishi UFJ actively incorporates daily evolving digital technology into its management and improves the convenience of its services in order to solve various social issues through its business. At the same time, we are working to improve our corporate value by increasing operational efficiency.By fusing digital and financial solutions, we are realizing sustainable management that continues to provide new value while allowing customers to use optimal products and services with peace of mind.

 FRONTEO's KIBIT is an AI that supports the work of experts by analyzing huge amounts of text data at high speed and with high accuracy.KIBIT will be responsible for analyzing the data necessary to solve problems, such as supporting the discovery of business issues, improving the sophistication and efficiency of risk detection operations based on external news and legal revisions, and supporting the development of new products using patent data. We are realizing digital transformation and operational efficiency for companies.

 The introduction of KIBIT at Mitsubishi UFJ Bank will improve the efficiency and sophistication of risk management operations, contributing to further acceleration of the bank's DX promotion.

 FRONTEO will continue to contribute to the creation of a new sustainable future that Bank of Mitsubishi UFJ aims to achieve by providing AI solutions.

 

FRONTEOabout URL: https://www.fronteo.com/
FRONTEO is a data analysis company that provides a variety of AI solutions and services using the in-house developed AI engine "KIBIT". Our philosophy is to "realize fairness in the information society by providing solutions that do not overlook risks and opportunities hidden in records," and extract meaningful and important information from vast amounts of text data and complex networks. Our strengths are natural language processing and network analysis technology that supports advanced judgment by experts.We are developing businesses in the areas of legal tech AI, business intelligence, life science AI, and economic security, and contributing to solving various corporate and social issues. Founded in August 2003, listed on TSE Mothers (currently TSE Growth) on June 8, 2007.The company operates in Japan, the United States, South Korea, and Taiwan.Obtained a first-class medical device manufacturing and sales business license and registered a controlled medical device sales business.Capital: 6 yen (as of March 26, 3,042,317).

* FRONTEO and KIBIT are registered trademarks of FRONTEO in Japan.

 

<Contact for inquiries from the press>
PR Department, FRONTEO, Inc.
pr_contact@fronteo.com

<Inquiries regarding the business intelligence business>
FRONTEO, Inc. Business Intelligence Business Headquarters
https://kibit.fronteo.com/contact/