FRONTEO Inc. (Headquarters: Minato-ku, Tokyo; President and CEO: Masahiro Morimoto; hereinafter, FRONTEO) is pleased to announce that MUFG Bank, Ltd. (hereinafter, MUFG Bank) has introduced "KIBIT Eye," an AI solution developed by FRONTEO that predicts fraud risks, in order to further strengthen its compliance system and achieve customer-oriented management.

In recent years, the environment surrounding the financial industry has been changing rapidly, and financial institutions are being asked to ensure greater transparency and proper business operations. In particular, thorough customer protection, prevention of internal fraud, strengthening anti-cartel measures, and cybersecurity measures in line with the advancement of digitalization are being considered important social and industry issues.

Mitsubishi UFJ Bank is working to strengthen its systems to support sustainable development, without being obsessed with short-term profits, in order to further solidify the trust it has built up over the years and to thoroughly implement customer-oriented management. As part of this, the bank is promoting compliance with high compliance standards and has introduced "KIBIT Eye" to improve transparency and provide further peace of mind.

FRONTEO will support Mitsubishi UFJ Bank in strengthening compliance through "KIBIT Eye."

 

【KIBIT Eyeabout】

KIBIT Eye is an AI solution that uses our proprietary specialized AI "KIBIT" (patented in Japan and the U.S.) to help companies detect risks early and predict fraud.

By using AI to analyze huge volumes of text data, it is possible to eliminate personal bias in judgment criteria and enable uniform and comprehensive checks. In addition, by scoring data, it is possible to extract data that is likely to contain risks, contributing to efficient risk management and the sophistication of operations.

FRONTEO will continue to contribute to the development of corporate business, primarily in the financial, manufacturing, and life science industries, by developing and providing innovative AI solutions that leverage its unique natural language processing technology (patented in Japan and the United States).

 

■ About FRONTEO　URL:https://www.fronteo.com/
FRONTEO supports the judgment of experts in various fields who face social issues day and night through the provision of its proprietary specialized AI "KIBIT," and creates the starting point for innovation. Unlike general-purpose AI, our proprietary natural language processing technology (patented in Japan and the United States) enables high-speed and high-precision analysis without relying on the amount of training data or computing power. In addition, by utilizing patented technology that maps (visualizes the structure) the analyzed information, "KIBIT" can directly influence the insights of experts, and in recent years, KIBIT's technology has also been used in hypothesis generation and target discovery in drug discovery.

Through KIBIT's unique technology and approach, we aim to realize our philosophy of "providing solutions that do not overlook risks and opportunities hidden in records, and realizing fairness in the information society."Life science AI,Business intelligence,Economic security,Legal Tech AIWe are promoting social implementation in each field.

Founded in August 2003, the company was listed on the Tokyo Stock Exchange Mothers (now the Tokyo Stock Exchange Growth) on June 8, 2007.
The company operates in Japan, the United States, South Korea and Taiwan.
Obtained Type 1 medical device manufacturing and sales license and registered as a controlled medical device sales business.
Capital: 898,618 yen (as of March 2024, 8).

*FRONTEO, KIBIT, and KIBIT Eye are trademarks or registered trademarks of FRONTEO in Japan and the United States.