Japanese Bank to Stop Allowing ATM Cards, PCs For Account Access

Mitsubishi UFJ Financial Group plans to launch Emut Bank in early 2027 as the first digital bank affiliated with a major Japanese financial institution to eliminate ATM cards, "instead having customers confirm identities using the bank's smartphone app for additional security amid a rising tide of cyberattacks," reports Nikkei Asia Review. The smartphone app will also be the only way to manage deposits, with no PC-based banking. From the report: Security has become a greater concern recently. As artificial intelligence advances, Japan has seen a surge in cyberattacks targeting companies, as we

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