FPT and UOB Sign MoU to Advance AI, Technology Transformation and Financial Innovation

SINGAPORE--(BUSINESS WIRE)--May 31, 2026--

Global technology corporation FPT and UOB have signed a Memorandum of Understanding (MoU) to explore strategic collaboration opportunities in AI, digital transformation, and financial services innovation.

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The MoU exchange ceremony took place at the Vietnam - Singapore Tech Connect Forum during the General Secretary of the Communist Party of Viet Nam and State President H.E. To Lam’s official visit to Singapore.

Under the MoU, the collaboration will span a broad set of strategic areas, including AI and digital innovation in banking, digital banking transformation, fintech innovation, and regional growth and ecosystem development. The initiative is designed to modernize how banking services are developed, delivered, and scaled across UOB’s key markets, leveraging AI, data analytics, intelligent automation, cloud, APIs and modern architecture.

The MoU will also establish a platform for UOB, FPT, and ecosystem stakeholders to translate innovation priorities into scalable business opportunities. This includes advancing digital banking platforms, legacy modernization, payments, digital lending, embedded finance, and pilot initiatives in Vietnam and other regional markets. The collaboration will further support cross-border financial services, enterprise expansion and the development of more connected, innovation-driven 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.

“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.”

Singapore and the wider APAC region have been among FPT’s strategic markets. As a leading global technology and digital transformation company headquartered in Vietnam, FPT brings strong engineering expertise and deep capabilities across AI, cloud, data, automation and modernisation to over 500 leading enterprises across various sectors. This complements UOB’s regional banking network and supports its transformation ambitions to accelerate the adoption of advanced technologies, including generative and agentic AI, to enhance productivity, risk management and customer experience across the Bank. UOB and FPT’s collaboration will further drive innovation and support growth across Vietnam and the region. This builds on UOB’s longstanding support for Vietnam’s development through continued investment in its local franchise, while strengthening its role as a connector of businesses and opportunities across ASEAN.

About UOB

UOB is a leading Asian bank with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets.

Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For more than nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of education, children and art, doing right by its communities and stakeholders.

About FPT

FPT Corporation (FPT) is a globally leading Vietnam-headquartered technology and IT services provider, with operations spanning more than 30 countries and territories. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. With a strong focus on mastering strategic technologies, FPT continues to drive innovation across industries. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. In 2025, FPT reported a total revenue of USD 2.66 billion and a workforce of over 54,000 employees across its core businesses.

For more information about FPT's global IT services, please visit https://fptsoftware.com.

FPT and UOB Sign MoU to Advance AI, Technology Transformation and Financial Innovation

CAIRO (AP) — A Palestinian man was shot and killed by Israeli forces on Sunday at a concrete barrier separating the occupied West Bank from Jerusalem, the Palestinian Health Ministry said.

The ministry identified him as 26-year-old Imad Haroun Ishtayeh from the village of Salem, east of Nablus. It said Israeli forces shot him in a thigh in al-Ram town, and he was pronounced dead at the Palestinian Medical Complex in Ramallah.

Footage circulating online showed people carrying his body and climbing down a ladder that had been placed against the wire-topped barrier, while traffic continued to roll by and a horn blared.

Israeli police said the man tried to unlawfully enter Israel by crossing the barrier.

Ishtayeh was attempting to cross from the West Bank to Israel. Many people have been shot trying to cross the barrier, including a 44-year-old father who was killed earlier this month.

Ishtayeh previously ran a poultry slaughterhouse in his home village of Salem, financially supporting his ill father. But business deteriorated as an economic crisis hit the West Bank and he decided to cross into Israel in search of a job, a relative, Nasser Ishtayeh, told The Associated Press.

On his first attempt on Saturday, Israeli security was tight, the relative said. After spending the night with other Palestinians hoping to cross into Israel, Haroun Ishtayeh tried again on Sunday morning and was shot.

“He was directly shot with live bullets and died at the hospital,” Nasser Ishtayeh said.

An increasing number of Palestinians from the West Bank have tried to enter Israel illegally to work in recent years. Tens of thousands of Palestinians had held Israeli work permits, but access was sharply restricted after the attack by Hamas-led militants on southern Israel on Oct. 7, 2023, sparked the war in Gaza.

Since then, unemployment in the West Bank has surged amid an economic slowdown. And around 50 workers have been killed by Israeli fire, with over 38,000 arrested though many were later released, the Palestinian official WAFA news agency reported Sunday, citing the General Federation of Palestinian Trade Unions.

Two Palestinians were killed and at least 10 injured when a group of people was struck near the port in Gaza City, according to Shifa hospital, which received the casualties. There was no immediate comment from Israel's military.

A fragile ceasefire remains in place between Israel and the militant Palestinian Hamas group in Gaza.

And in the West Bank, emergency responders said a 17-year-old Israeli girl was in serious condition and a 15-year-old teen also was hurt in what police described as a ramming attack near a bus stop at Gush Etzion Junction.

Israel's military said a soldier “eliminated the terrorist on site.” It also said a third Israeli civilian was hurt.

A previous version of this story corrected the spelling of the village of Salem.

Residents gather by the body of a killed Palestinian man following an Israeli airstrike in the port of Gaza city, Sunday, May 31, 2026. , Gaza Strip, Monday, May 12, 2026. (AP Photo/Jehad Alshrafi)

Mourners carry the body of Palestinian Imad Haroun Ishtayeh, 26, who was shot and killed by Israeli forces on Sunday at a concrete barrier separating the occupied West Bank from Jerusalem, during his funeral in the village of Salem, east of Nablus, Sunday, May 31, 2026. (AP Photo/Majdi Mohammed)

Sabah Ishtayeh, center, mother of of Palestinian Imad Haroun Ishtayeh, 26, who was shot and killed by Israeli forces on Sunday at a concrete barrier separating the occupied West Bank from Jerusalem, cries during his funeral in the village of Salem, east of Nablus, Sunday, May 31, 2026. (AP Photo/Majdi Mohammed)

Mourners carry the body of Palestinian Imad Haroun Ishtayeh, 26, who was shot and killed by Israeli forces on Sunday at a concrete barrier separating the occupied West Bank from Jerusalem, during his funeral in the village of Salem, east of Nablus, Sunday, May 31, 2026. (AP Photo/Majdi Mohammed)

Mourners take the last look at the body of Palestinian Imad Haroun Ishtayeh, 26, who was shot and killed by Israeli forces on Sunday at a concrete barrier separating the occupied West Bank from Jerusalem, during his funeral in the village of Salem, east of Nablus, Sunday, May 31, 2026. (AP Photo/Majdi Mohammed)

Sabah Ishtayeh, center, mother of of Palestinian Imad Haroun Ishtayeh, 26, who was shot and killed by Israeli forces on Sunday at a concrete barrier separating the occupied West Bank from Jerusalem, cries during his funeral in the village of Salem, east of Nablus, Sunday, May 31, 2026. (AP Photo/Majdi Mohammed)

Mourners take the last look at the body of Palestinian Imad Haroun Ishtayeh, 26, who was shot and killed by Israeli forces on Sunday at a concrete barrier separating the occupied West Bank from Jerusalem, during his funeral in the village of Salem, east of Nablus, Sunday, May 31, 2026. (AP Photo/Majdi Mohammed)