Bank Of Tokyo-Mitsubishi UFJ Recognized by HP Autonomy for Transformational Information Governance Strategy

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May 06, 2014

Japan’s largest financial institution leverages HP ControlPoint and HP Records Manager to achieve streamlined global regulatory compliance

Information Governance Forum, Sydney, Australia, May 07, 2014 — HP Autonomy today announced that the Bank of Tokyo-Mitsubishi UFJ, Ltd., (BTMU), Japan’s largest financial institution, has received the 2014 HP Autonomy Customer Excellence Award for Information Governance.

Bank of Tokyo-Mitsubishi UFJ recently embarked on a sweeping information governance initiative, spanning all facets of the organization. Designed to gain more control of their enterprise data, and leverage it for maximum value, the bank’s initiative has been transformative, allowing the organization to operate more efficiently in both Japan and worldwide.

Global Dodd Frank Compliance

The largest financial institution in Japan, BTMU also operates globally, and as such they must comply with record keeping requirements, such as those specified by the Dodd-Frank Act of 2010. To meet these requirements and ensure that all files related to trades are unaltered and ready for inspection, BTMU selected HP Records Manager and HP ControlPoint, two key components of HP Autonomy’s Enterprise Content Management (ECM) portfolio. Without such a solution, BTMU would have to manually address compliance for its swap trades business, which creates terabytes of data and would be extremely time and cost intensive to monitor.

Automated, Policy-Driven Information Governance

HP Records Manager, HP’s industry leading enterprise records management system, enables the capture and preservation of billions of digital and physical records in accordance with policy, and HP ControlPoint, an intelligent policy management and application engine, identifies, analyzes, and classifies content in accordance with policy across enterprise repositories. Both products leverage HP Intelligent Data Operating Layer (IDOL), a powerful pattern-matching engine that can search, analyze, and determine context of all types of information.

The combined solution allows BTMU to ingest, classify, and manage documents, emails, text messages, and audio files associated with the thousands of trades performed each day, and store and retrieve the information in accordance with the complex Dodd-Frank regulations.

“The solution can capture details and retrieve all information directly or contextually related to a trade within minutes instead of weeks,” says Mostafa Raddaoui, VP of Systems Office of America, Bank of Tokyo-Mitsubishi UFJ.“What it does is allow us the ability to reconstruct an entire trade deal from start to finish, and to do so in a cost effective way.”

The technology was successfully implemented and in operation within a short period of time to meet compliance deadlines and allows for a single, automated system, eliminating manual errors and improving accuracy and consistency.

Bank of Tokyo-Mitsubishi UFJ has implemented the HP Autonomy solution in New York and Tokyo offices. This flexible solution allows the bank to ensure compliance with other regulations around the globe, and will soon be rolled out to other offices around the world.

“Bank of Tokyo-Mitsubishi UFJ’s partnership with HP Autonomy has allowed them to design and successfully implement a centralized system that stores information accurately and efficiently using our commercial off the shelf software, API’s and connector framework,” says Neil Araujo, GM Enterprise Content Management, HP Autonomy. “We are excited to honor BTMU’s innovation and success in tackling the ever-increasing challenges of information governance”

2014 Customer Excellence Awards – Recognizing Thought Leaders and Visionaries

The HP Autonomy Customer Excellence Award recognizes innovative leaders for their work in driving visionary change around information governance in their organizations. Selected by an esteemed collection of information governance executives within HP Autonomy, the awards recognize businesses for their work in addressing challenges of managing and deriving value from data, and crafting a long term, holistic information governance strategy. This award was presented to the Bank of Tokyo-Mitsubishi UFJ at this year’s Information Governance Forum in Sydney, Australia.

Information Governance Forum – Bringing Together the World’s Information Innovators

The Information Governance Forum (IGF), HP’s premier information governance event, was launched in 2013 in response to a growing market need for governing enterprise data more efficiently. This conference brings together industry thought leaders and HP Autonomy executives to discuss a broad range of information governance topics like meeting regulatory obligations and managing records, cleaning up legacy data, and streamlining responses to eDiscovery requests. IFG 2014 is taking place from May 5th until May 7th in Sydney, Australia.

To follow the highlights, presentations, and commentary from the conference, follow and #HPIGF on Twitter.

Additional information about HP Autonomy’s Enterprise Content Management portfolio, including HP ControlPoint and HP Records Manager, is available at www.autonomy.com/offerings/enterprise-content-management/.

About the Bank of Tokyo-Mitsubishi UFJ, Ltd.

The Bank of Tokyo-Mitsubishi UFJ, Ltd., (BTMU) is Japan's largest bank and one of the world's largest financial firms. BTMU is headquartered in Tokyo and has nearly 800 branches in Japan, and an additional 100 branches in 40 other countries. Learn more at www.bk.mufg.jp/global/.

About HP Autonomy

HP Autonomy is a global leader in software that processes unstructured human information, including social media, email, video, audio, text and web pages. Using HP Autonomy's information management and analytics technologies, organizations can extract meaning in real time from data in virtually any format or language, including structured data. A range of purpose-built market offerings help organizations drive greater value through information analytics, unified information access, archiving, eDiscovery, enterprise content management, data protection and marketing optimization. Additional information is available at www.autonomy.com.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. With the broadest technology portfolio spanning printing, personal systems, software, services and IT infrastructure, HP delivers solutions for customers' most complex challenges in every region of the world. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.

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