Japan's MUFG taps Israeli AI to hunt for unicorns in Asia

Japan's MUFG taps Israeli AI to hunt for unicorns in Asia

New signage for MUFG Bank Ltd., the main banking unit of Mitsubishi UFJ Financial Group Inc., is displayed in front of the bank's headquarters in Tokyo, Japan, on Sunday, April 1, 2018. Photographer: Akio Kon/Bloomberg

Japan’s MUFG Bank will use artificial intelligence to screen Asian startups for financing, looking beyond balance sheets to forge relationships with promising businesses who otherwise may not yet qualify for bank loans.