FPT and UOB Sign MoU to Advance AI, Technology Transformation and Financial Innovation
The MoU
exchange ceremony took place at the Vietnam - Singapore Tech Connect Forum
during the General Secretary of the Communist Party of Viet Nam and State
President H.E. To Lam’s official visit to Singapore.
Under the MoU, the collaboration will span a broad set of strategic areas, including AI and digital innovation in banking, digital banking transformation, fintech innovation, and regional growth and ecosystem development. The initiative is designed to modernize how banking services are developed, delivered, and scaled across UOB’s key markets, leveraging AI, data analytics, intelligent automation, cloud, APIs and modern architecture.
The MoU will also establish a platform for UOB, FPT, and
ecosystem stakeholders to translate innovation priorities into scalable
business opportunities. This includes advancing digital banking platforms,
legacy modernization, payments, digital lending, embedded finance, and pilot
initiatives in Vietnam and other regional markets. The collaboration will
further support cross-border financial services, enterprise expansion and the
development of more connected, innovation-driven financial ecosystems. The
detailed plan of the MoU, including pilot scope, implementation roadmap,
governance model and expected outcomes, will be finalized within the next 90
days.
“The future of financial services will be shaped by how
effectively institutions scale AI, modernize digital platforms, and strengthen
cross-border connectivity. Together with UOB, we aim to build more scalable, AI-first
models while opening stronger pathways for innovation, enterprise growth, and
ecosystem connectivity across Vietnam, Singapore, and the wider APAC region,”
said David Nguyen, CEO of FPT Asia Pacific, FPT Corporation.
Mr Lawrence Goh, Head of Technology and Operations, UOB,
said: “This MoU reflects UOB’s strategic intent to build a future-ready bank
through strong technology foundations, responsible AI and purposeful
partnerships. Together with FPT, we will explore practical opportunities to modernise
our architecture, improve development productivity, scale AI responsibly and
develop innovative solutions that create long-term value for our customers and
businesses.”
Singapore and the wider APAC region have been among FPT’s
strategic markets. As a leading global technology and digital transformation
company headquartered in Vietnam, FPT brings strong engineering expertise and
deep capabilities across AI, cloud, data, automation and modernisation to over
500 leading enterprises across various sectors. This complements UOB’s regional
banking network and supports its transformation ambitions to accelerate the
adoption of advanced technologies, including generative and agentic AI, to
enhance productivity, risk management and customer experience across the Bank.
UOB and FPT’s collaboration will further drive innovation and support growth
across Vietnam and the region. This builds on UOB’s longstanding support for
Vietnam’s development through continued investment in its local franchise,
while strengthening its role as a connector of businesses and opportunities
across ASEAN.
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