OREANDA-NEWS. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) (President: Nobuyuki Hirano) today announced that it has launched "MUFG Fintech Accelerator", an acceleration program for startup companies with outstanding business ideas and technologies to establish innovative financial services leveraging ICT.

ICT is rapidly changing the traditional financial industry. This year, BTMU has conducted an open innovation business competition "Fintech Challenge 2015" to promote changes with "Fintech" (a combined word of "Finance" and "Technology") in today's agile environment.

The objective of the MUFG Fintech Accelerator program is to stimulate innovative new ideas to create new business with startup companies, without any limitations of traditional financial processes. BTMU intends to involve other MUFG group companies into this program.