Payment news, February 1

Bank of Tokyo-Mitsubishi announces a partnership with Union Bank for cash management, while Saigon Hanoi Bank implements a core banking platform from Polaris.

Bank of Tokyo-Mitsubishi partners with Union Bank for cash management

The Bank of Tokyo-Mitsubishi UFJ BTMU has announced a partnership with Union Bank to provide global deposit and cash management services for the combined customer base of both banks. JoAnn Bourne, senior executive vice-president at Union Bank and head of Union Bank’s global treasury management group, will be responsible for leading the alliance.

“JoAnn brings a depth of expertise honed through years of successfully fostering teamwork, understanding and predicting customer needs, and responding nimbly to volatile economic conditions,” said Tatsuo Tanaka, deputy president of BTMU and chief executive of its global business unit, in a statement. “We are confident that she will...

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