Reported about 5 hours ago
Mitsubishi UFJ Financial Group Inc. is considering a bid to acquire the Japanese robo-advisory firm WealthNavi as part of its strategy to enhance financial technology services and attract more online investors. The decision will be discussed in an upcoming management meeting, but no final verdict has been reached yet. WealthNavi, which has already received a 15% investment from MUFG this year, aims to broaden its financial offerings as the Japanese market shifts towards online wealth management.
Source: YAHOO