Japan’s MUFG Bank to tap AI, satellite images for collateral appraisals

New system promises to reduce labor-intensive evaluations for loans to small businesses MUFG Bank is considering sharing its planned system with regional banks, many of which are struggling with labor shortages. (Photo by Akira Kodaka) TOKYO — MUFG Bank plans to combine satellite imagery data and artificial intelligence in a system to inspect real estate used as loan collateral starting in fiscal 2027, shaving up 10,000 hours annually from time devoted to on-site inspections.

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