UOB inks MOU with Vietnam's FPT to modernise banking with AI and cloud

They seek to modernise banking services in UOB’s key markets.

UOB has signed a memorandum of understanding (MOU) with FPT Corporation, a Vietnam-headquartered technology and IT services provider, to modernise its banking services.

The collaboration seeks to modernise how banking services are developed, delivered, and scaled across UOB’s key markets, leveraging AI, data analytics, automations, cloud, and application programming interfaces (APIs).

The MoU will also establish a platform for UOB, FPT, and ecosystem stakeholders to translate innovation priorities into scalable business opportunities, the two companies said in a statement on 1 June 2026.

It also aims to support crossborder financial services and the development of interconnected 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.