UOB and FPT Corporation have signed a Memorandum of Understanding (MoU) to explore strategic collaborations in artificial intelligence (AI), digital transformation, and financial services innovation. The agreement, signed on 29 May at the Vietnam-Singapore Tech Connect Forum, aims to modernise banking services across UOB’s key markets by leveraging AI, data analytics, and cloud technologies.
The collaboration will focus on several strategic areas, including digital banking transformation, fintech innovation, and ecosystem development. By integrating AI and digital solutions, the partnership seeks to enhance how banking services are designed, delivered, and scaled. This initiative will also support cross-border financial services and enterprise expansion, particularly in Vietnam and other regional markets.
Lawrence Goh, Head of Group Technology and Operations at UOB, stated, “This MoU reflects UOB’s strategic intent to build a future-ready bank through strong technology foundations, responsible AI, and purposeful partnerships.” David Nguyen, CEO of FPT Asia Pacific, added, “Together with UOB, we aim to build more scalable AI-first models whilst opening stronger pathways for innovation and enterprise growth.”
FPT, a leading global technology company headquartered in Vietnam, brings expertise in AI, cloud, and automation, complementing UOB’s regional banking network. The detailed plan of the MoU, including pilot initiatives and governance models, will be finalised within the next 90 days.
This collaboration underscores UOB’s commitment to advancing digital banking and supporting economic growth across ASEAN, whilst FPT continues to elevate Vietnam’s position on the global tech map.
