TOKYO — MUFG Bank announced plans to implement a system combining satellite imagery and artificial intelligence to inspect real estate used as loan collateral beginning in fiscal 2027. This initiative is expected to reduce the labor-intensive process of on-site inspections by approximately 10,000 hours annually.
The new system aims to streamline collateral appraisals, particularly benefiting loans to small businesses. MUFG Bank is also considering sharing this technology with regional banks, many of which are currently challenged by labor shortages.
This development reflects MUFG Bank's commitment to leveraging advanced technologies to improve operational efficiency in the banking sector.
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