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Sumitomo Trust Co., Ltd. was founded in July 1925 with capital of 20 million yen and its headquarters in Awajicho, Osaka. It changed its name to Fuji Trust & Banking Co., Ltd. in 1948 and adopted the name Sumitomo Trust and Banking Co., Ltd. (住友信託銀行株式会社) in 1952. In 1962 it moved its headquarters to the Sumitomo Building in ...
SMBC has been an early adopter of AI in its banking operation. It is the first Japanese bank to use IBM Watson since 2014 to support operators at its call center. [8] AmiVoice, a voice recognition solution provided by SMBC, transforms inquiries into text on a real-time basis as a speech recognition system, while IBM Watson gives customers responses taken from service manuals and Q&As, thereby ...
SMBC Trust Bank, Ltd. - It is a trust bank that was previously part of Société Générale in Japan. In October 2013, it became a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which now holds 100% ownership. [89] Japan Research Institute Co., Ltd. - It is one of the five major think tanks in the country.
In 2019, Sumitomo Mitsui Trust Holdings announced that it would make Nikko Asset Management a directly owned subsidiary through a dividend in kind transaction. [18] It was previously held through the Sumitomo Trust and Banking Co which acquired Nikko from Citigroup in 2009.
The bank was first named Bank of Tokyo Mitsubishi UFJ, initialed as BTMU, before rebranding as MUFG Bank in July 2018. [2] MUFG Bank, along with Sumitomo Mitsui Banking Corporation and Mizuho Bank, is recognized as one of the three so-called megabanks in Japan. As of June 23, 2019, it was ranked as the largest bank in Japan and the third ...
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Sumitomo Corporation (Japanese: 住友商事株式会社, Hepburn: Sumitomo Shōji kabushiki gaisha) is one of the largest worldwide sōgō shōsha general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group.
Sumitomo Forestry Co., Ltd. Lumber and housing: Sumitomo Heavy Industries* Machinery, weaponry, and shipbuilding Sumitomo Life: Insurance: Nippon Steel* Steel: Sumitomo Metal Mining Co., Ltd.* Non-ferrous metal: Sumitomo Mitsui Financial Group* Finance: Sumitomo Mitsui Construction: Construction: Sumitomo Mitsui Trust Holdings* Finance Sumitomo ...