Japan’s largest bank installs robots to scan millions of ‘hanko’ documents

Mitsubishi UFJ Financial Group Inc will use the machines of Ripcord Inc to scan 300 million pages of files that record clients’ personal seals known as hanko, the Tokyo-based lender said. — Bloomberg

Japan’s largest bank is installing giant robot scanners to digitise millions of documents, as it seeks to break from the long tradition of using paper records to verify its customers’ identities.

Mitsubishi UFJ Financial Group Inc will use the machines of Ripcord Inc to scan 300 million pages of files that record clients’ personal seals known as hanko, the Tokyo-based lender said on July 22. The US startup said last year its first foray abroad will be to work with a large bank in Japan.