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Technology

MUFG taps Israeli AI to hunt for Asian unicorns

Banking data and subscription numbers aid in search for diamonds in the rough

MUFG Bank hopes that its algorithms will help it create relationships with new businesses in Southeast Asia and India. (Photo by Akira Kodaka)

TOKYO -- 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.

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