FPT, a global technology business headquartered in Vietnam, has signed a Memorandum of Understanding (MoU) with UOB Group, a banking group based in Singapore to exploring opportunities for strategic collaboration on AI (artificial intelligence), digital transformation and financial services innovation throughout Asia-Pacific. The MoU was signed during the Vietnam-Singapore Tech Connect Forum which coincided with H.
E. To Lam, General Secretary of the Communist Party ofViet Nam and State President visit to Singapore.
Under this partnership, FPT and UOB will co-discover initiatives in the field of AI-driven banking innovation, digital banking transformation, fintech development, ecosystem building. The partnership will help foster banking modernization practices using state of the art technologiesAI, data analytics, intelligent automation, cloud computing APIs modern digital architectures.
Also, the initiative is predicted to helps the development of a forum for organizations and their ecosystem partners to convert innovation priorities into viable commercial ventures. Topics like digital banking platforms, legacy systems modernization, payment system, digital lending, embedded finance and pilot projects in Vietnam and other important geographical markets are involved.
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Additionally, the collaboration seeks to strengthen cross-border financial services, support enterprise expansion, and foster more connected and innovation-driven financial ecosystems across the region. The two organizations plan to finalize implementation details, governance frameworks, pilot scopes, and expected outcomes 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.”
As one of FPT’s key growth regions, Singapore and the broader APAC market continue to play a strategic role in the company’s global expansion plans. Headquartered in Vietnam, FPT serves more than 500 leading enterprises worldwide and brings extensive expertise in AI, cloud, automation, data analytics, and modernization services.
The partnership is expected to mould technology advancement by combining the technology capabilities of FPT and UOB’s established regional banking network. This will be a catalyst for the adoption of next-generation technologies such as generative and agentic AI, with increasing productivity, risk management, and customer experience. What is more, the collaboration attests to UOB’s pledge of consistently supporting the economic development of Vietnam and establishing its position as a leading connector of businesses and opportunities across ASEAN.
