FPT and UOB have signed an MoU to accelerate AI innovation and digital transformation in financial services. This partnership demonstrates AI innovation as a critical factor for future success within the banking sector. In addition, both parties plan to develop innovative financial services within the APAC region.
This partnership was established amid the signing ceremony of the Vietnam-Singapore Tech Connect Forum. It came at the same time as H.E. To Lam paid an official visit to Singapore. Furthermore, the collaboration reflects growing regional technology partnerships.
“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.
Expanding Digital Banking and AI Innovation Across APAC
Under the MoU, FPT and UOB will focus on AI innovation in banking systems. At the same time, they will be transforming digital banking systems through fintech innovation. This collaboration aims to develop the regional ecosystem through its growth and expansion. These enterprises will be developing modern banking services through innovations in AI, cloud computing, and automation, among others.
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.”
Additionally, the partnership creates a platform for scalable innovation opportunities. The partnership will allow for digital lending services, payments, and embedded finance solutions. The pilot programs will start off in Vietnam and will soon be extended to other regions. On the other hand, both companies will be working on finalizing their implementation strategy within the next 90 days. The company is increasing its market share in Singapore and other APAC markets. FPT has vast experience with respect to AI, cloud, and automation for more than 500 enterprises globally.
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News Source: Businesswire.com
