Mitsubishi UFJ Financial Group Launches Digital-Only Bank in 2027

• Mitsubishi UFJ Financial Group plans to launch Emut Bank in early 2027.
• Emut Bank will be the first digital bank affiliated with a major Japanese financial institution.
• ATM cards will be eliminated, with identity confirmation and account management handled via a smartphone app.
• The move aims to enhance security against rising cyberattacks.
• Emut Bank will be the first bank affiliated with a major Japanese financial group not to issue cash cards.