MUFG wanders over to ExaWizards for magical AI alliance

Mitsubishi UFJ Financial Group (MUFG)'s subsidiary Japan Digital Design (JDD) has formed an alliance with ExaWizards for artificial intelligence (AI) developments in the financial sector. Through this alliance, JDD and ExaWizards plan to conduct development studies of online finance products and HR tech services that support personnel management in the industry. MUFG says: "As Japan's labour force declines and employees become increasingly international and diverse, the two companies will pursue development studies of services that offer AI-based support for personnel matters that are key to corporate competitiveness, such as skills development and hiring." It adds that the companies will develop HR tech services specialised for financial services using video and voice analysis technology. This includes features such as the use of video to allow AI to learn the tacit knowledge and "know-how of high performers and transfer it to all employees".