Vietnamese global technology company FPT and Singapore-based UOB have signed a memorandum of understanding to explore strategic collaboration across AI, digital banking transformation, fintech innovation and regional ecosystem development, with pilot initiatives planned across Vietnam and other Asia-Pacific markets. The agreement, reported by FPT Software, was signed at the Vietnam-Singapore Tech Connect Forum and covers a broad set of modernisation priorities spanning legacy architecture, payments, digital lending and embedded finance.

The collaboration is designed to advance AI-first banking models by leveraging AI, data analytics, intelligent automation, cloud infrastructure, APIs and modern architecture across UOB's key markets.

David Nguyen, CEO of FPT Asia Pacific, said: "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."

Lawrence Goh, Head of Technology and Operations at UOB, said: "This MoU reflects UOB's strategic intent to build a future-ready bank through strong technology foundations, responsible AI and purposeful partnerships."

The MoU establishes a shared platform for FPT, UOB and ecosystem stakeholders to translate innovation priorities into scalable commercial opportunities. The detailed plan, including pilot scope, implementation roadmap, governance model and expected outcomes, will be finalised within 90 days.

FPT brings engineering expertise across AI, cloud, data and automation to more than 500 enterprises globally. The partnership complements UOB's regional banking network and supports its ambition to accelerate adoption of generative and agentic AI to enhance productivity, risk management and customer experience.

Explore the full announcement for further detail on the FPT and UOB collaboration framework and regional expansion plans.