rewrite this title Finastra Brings Payments Innovation to Japan’s MUFG – Finovate

Financial services software provider Finastra has announced an extension of its long-term partnership with Japan’s MUFG (Mitsubishi UFJ Financial Group).

MUFG will deploy Finastra’s GlobalPayplus payments hub to support ACH services in the US.

Finastra was formed via a merger between Finovate alum Misys and D+H in 2017. The company is headquartered in the UK.

Financial services software provider Finastra just inked a big deal with Japan’s biggest bank.

MUFG (Mitsubishi UFJ Financial Group), the largest bank in Japan, has selected Finastra’s Global PAYplus to support ACH services in the United States. The announcement marks an expansion in a partnership between MUFG and Finastra that dates back more than five years when MUFG first initiated its ISO 20022 migration.

The current agreement will extend Finastra’s modern, unified payments architecture across three major regions, representing MUFG’s successful payment architecture transformation in both Japan and Europe. Adopting a modern, standardized platform will enable MUFG to achieve greater efficiency for both domestic and cross-border payments, with straight through processing rates exceeding 95% across its international operations.

“In 2021, we began our ISO 20022 journey with a bold decision to replace the core payment engine with a completely new one,” MUFG Americas CIO Alla Whitston explained. “After careful evaluation, we selected Finastra as our partner to first modernize our legacy ACH platform, benefiting from their global payments’ expertise and modern technology stack. Global PAYplus offers highly configurable capabilities to modernize our payments systems more broadly too, driving ISO 20022 compliance, and providing the flexibility to launch new services.”

Finastra’s GlobalPAYplus will deliver the scale, resilience, and configurability necessary to support MUFG’s operations worldwide, managing growing digital payment volumes and adapting to local market needs. The solution is a modular, composable, multi-cloud, multi-country, multi-rail, highly configurable, ISO 20022-native, API-based payment hub designed to enable banks and other financial institutions to modernize their payment infrastructures. The technology has more than 300 customers around the world and processes more than $7 trillion in payments value daily.

“MUFG’s continued investment is a strong signal of where banking is headed—toward modern, unified, and highly adaptable payments infrastructure,” Finastra EVP of Payments Barry Rodrigues said. “We’re proud to partner with them on this journey, helping deliver the resilience, speed, and flexibility that banks need today, while building a foundation that can evolve with future demands.”

Forged via a union between Finovate alum Misys and D+H (Davis + Henderson) in 2017, Finastra today is a trusted financial services software partner for more than 7,000 customers—including 40 of the world’s top banks. The company has expertise in lending, payments, and universal banking, and includes scalable, mission-critical solutions such as Loan IQ, LaserPro, Trade Innovation, Payments to Go, and Financial Messaging in its product portfolio—along with Global PAYplus. The company is headquartered in London. Chris Walters is CEO.

Photo by Jezael Melgoza on Unsplash

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