Mitsubishi UFJ Trust and Banking Group Promotes "Data Management Service" with Snowflake's Data Platform
Snowflake G.K. announced that Mitsubishi UFJ Trust and Banking Corporation and Japan Master Trust Bank of Japan are preparing to launch a "Data Management Service (DMS)" for institutional investors, utilizing Snowflake as their data platform. This initiative aims to enhance asset management operations by providing secure and efficient data management, leveraging Snowflake's ecosystem for data integration and analytics, and significantly reducing costs and development time.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 20:00
- 🔍 Collected: May 7, 2026 at 11:31
- 🤖 AI Analyzed: May 7, 2026 at 12:09 (37 min after Collected)
May 7, 2026 - Snowflake G.K. (Location: Chuo-ku, Tokyo; President and Executive Officer: Ryuji Ukita, hereinafter "Snowflake"), a provider of AI data cloud, announces that Mitsubishi UFJ Trust and Banking Corporation (President: Hiroshi Kubota, hereinafter "Mitsubishi UFJ Trust and Banking") and Japan Master Trust Bank of Japan, Ltd. (President: Hiroshi Ando, hereinafter "Japan Master Trust Bank") are proceeding with preparations for the introduction of "Data Management Service (hereinafter "DMS")" with institutional investors, utilizing Snowflake as their data platform.
Mitsubishi UFJ Financial Group (MUFG) is Japan's largest financial holding company providing financial services both domestically and internationally. Mitsubishi UFJ Trust and Banking, at the core of MUFG's trust functions, leads a corporate group where two companies within the group have adopted Snowflake to solve challenges related to financial data utilization.
While data management operations supporting the sophistication of asset management are becoming increasingly important, data management is expected to become even more complex in the future, requiring the establishment of a secure and efficient data management infrastructure. In this situation, Mitsubishi UFJ Trust and Banking and Japan Master Trust Bank have embarked on the DMS initiative, maximizing their operational and IT know-how cultivated in asset management operations, to support customers in solving various data management challenges.
Many institutional investors, asset management companies, securities companies, and providers in Japan are already utilizing Snowflake, accelerating data sharing across organizational boundaries through its secure data sharing function. The background for Mitsubishi UFJ Trust and Banking Group's adoption of Snowflake is its extensive ecosystem built in the domestic and international financial and asset management industries. With the vast financial and ESG data, market statistics, alternative data, etc., provided on Snowflake Marketplace, and their own operational data, they can be immediately integrated on the same platform, freeing them from complex ETL processing and data movement costs. Furthermore, by providing a one-stop solution from data sharing efficiency to analytical applications running directly on Snowflake, they aim to complete the process from "data collection and accumulation" to "advanced decision-making" in the shortest possible time, maximizing the added value of asset management operations.
The main reasons for adopting Snowflake as the DMS platform are as follows:
- Significant reduction in construction period and introduction cost: It was evaluated that infrastructure and operational function construction costs are unnecessary, allowing for approximately a 50% reduction in the initial construction period compared to developing from scratch on a public cloud.
- Optimization of running costs: It was estimated that usage fees could be reduced by approximately 85% compared to public clouds, due to a pay-as-you-go model that is efficient based on processing runtime.
- Quick customer response due to excellent scalability: It was evaluated that new environment setup and scaling adjustments are easy, allowing for approximately a 30% reduction in construction period when preparing environments for new customers compared to scratch development.
- High security and satisfaction of unique requirements: It was evaluated that it meets all strict requirements for functions, performance, and security, with fewer restrictions compared to other DWH (Data Warehouses).
Ryuji Ukita, President and Executive Officer of Snowflake, stated:
"We are very pleased that Snowflake has been adopted as the platform for the Data Management Service (DMS) promoted by Mitsubishi UFJ Trust and Banking Group. By providing an advanced data platform that not only stores data but also anticipates AI utilization, we will create an environment where institutional investors can extract maximum value from data and make quick decisions. We will strongly back the transformation of asset management operations from a technological perspective."
The four effects of DMS introduction are as follows:
- Data collection function: Contributes to the efficiency of data collection operations through automatic connections with various data sources used by customers.
- Data management function: Provides a secure and controlled data environment through a data warehouse function that integrates and accumulates multiple different data sources.
- Data utilization function: Enables flexible data utilization through standard user interfaces and connections to tools used by customers.
- Data operation function: Supports daily operations such as checking data processing status, maintaining various data, and quality checks related to the above.
Mitsubishi UFJ Trust and Banking and Japan Master Trust Bank will start the service in December 2026, with further sophistication including AI utilization in mind.
Mitsubishi UFJ Financial Group (MUFG) is Japan's largest financial holding company providing financial services both domestically and internationally. Mitsubishi UFJ Trust and Banking, at the core of MUFG's trust functions, leads a corporate group where two companies within the group have adopted Snowflake to solve challenges related to financial data utilization.
While data management operations supporting the sophistication of asset management are becoming increasingly important, data management is expected to become even more complex in the future, requiring the establishment of a secure and efficient data management infrastructure. In this situation, Mitsubishi UFJ Trust and Banking and Japan Master Trust Bank have embarked on the DMS initiative, maximizing their operational and IT know-how cultivated in asset management operations, to support customers in solving various data management challenges.
Many institutional investors, asset management companies, securities companies, and providers in Japan are already utilizing Snowflake, accelerating data sharing across organizational boundaries through its secure data sharing function. The background for Mitsubishi UFJ Trust and Banking Group's adoption of Snowflake is its extensive ecosystem built in the domestic and international financial and asset management industries. With the vast financial and ESG data, market statistics, alternative data, etc., provided on Snowflake Marketplace, and their own operational data, they can be immediately integrated on the same platform, freeing them from complex ETL processing and data movement costs. Furthermore, by providing a one-stop solution from data sharing efficiency to analytical applications running directly on Snowflake, they aim to complete the process from "data collection and accumulation" to "advanced decision-making" in the shortest possible time, maximizing the added value of asset management operations.
The main reasons for adopting Snowflake as the DMS platform are as follows:
- Significant reduction in construction period and introduction cost: It was evaluated that infrastructure and operational function construction costs are unnecessary, allowing for approximately a 50% reduction in the initial construction period compared to developing from scratch on a public cloud.
- Optimization of running costs: It was estimated that usage fees could be reduced by approximately 85% compared to public clouds, due to a pay-as-you-go model that is efficient based on processing runtime.
- Quick customer response due to excellent scalability: It was evaluated that new environment setup and scaling adjustments are easy, allowing for approximately a 30% reduction in construction period when preparing environments for new customers compared to scratch development.
- High security and satisfaction of unique requirements: It was evaluated that it meets all strict requirements for functions, performance, and security, with fewer restrictions compared to other DWH (Data Warehouses).
Ryuji Ukita, President and Executive Officer of Snowflake, stated:
"We are very pleased that Snowflake has been adopted as the platform for the Data Management Service (DMS) promoted by Mitsubishi UFJ Trust and Banking Group. By providing an advanced data platform that not only stores data but also anticipates AI utilization, we will create an environment where institutional investors can extract maximum value from data and make quick decisions. We will strongly back the transformation of asset management operations from a technological perspective."
The four effects of DMS introduction are as follows:
- Data collection function: Contributes to the efficiency of data collection operations through automatic connections with various data sources used by customers.
- Data management function: Provides a secure and controlled data environment through a data warehouse function that integrates and accumulates multiple different data sources.
- Data utilization function: Enables flexible data utilization through standard user interfaces and connections to tools used by customers.
- Data operation function: Supports daily operations such as checking data processing status, maintaining various data, and quality checks related to the above.
Mitsubishi UFJ Trust and Banking and Japan Master Trust Bank will start the service in December 2026, with further sophistication including AI utilization in mind.