MUFG taps US robot startup to scan centuries-worth of documents

Ripcord will help Japanese bank move away from paper and hanko stamps

20191106N bank safe

The underground safe at the Bank of Japan: Japanese banks have millions of paper documents stacked away.

YIFAN YU, Nikkei staff writer

PALO ALTO, U.S. -- After nearly 200 years, Mitsubishi UFJ Financial Group, Japan's biggest lender, is slowly saying goodbye to the hanko, the carved personal stamps that Japanese customers have used in lieu of signing bank documents since the 1800s.

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