UOB will make investments greater than S$500 million to be the primary native financial institution to determine a presence in JTC’s Punggol Digital District (PDD), Singapore’s first good and sustainable enterprise district.

The 300,000 sq. ft middle is focused to be accomplished by the tip of 2026 and can home round 3,000 employees in expertise, innovation and digital roles to additional the financial institution’s digital ambitions.

UOB may also be housing its innovation accelerator, The FinLab, at PDD to foster nearer collaborations with tech companions, startups and small- and medium-sized enterprises (SMEs).

The financial institution can also be doubling down on its dedication to nurture digital expertise by means of a number of initiatives together with the MoU with the Singapore Institute of Expertise (SIT) to arrange a Fintech Innovation Lab that shall be situated on the SIT’s upcoming Punggol campus.

This joint lab will enable UOB’s workers and SIT’s educational employees and college students to undertake fintech innovation, coaching, and growth, and to take part in utilized analysis and innovation to ship built-in options that tackle actual enterprise challenges.

On high of that, UOB’s present workers may also profit from coaching workshops and seminars carried out by SIT to upskill themselves with related digital and fintech expertise.

Lastly, UOB will work with JTC to nurture the subsequent era of tech expertise within the PDD.

Wee Ee Cheong

Wee Ee Cheong, Deputy Chairman and Chief Govt Officer of UOB stated,

“UOB is happy to be a part of this good nation initiative as the primary Singapore financial institution and the most important industrial investor within the PDD. Our funding right here reinforces our dedication to develop our Singapore core, and to assist our prospects in Singapore and throughout ASEAN on their digital journey. We sit up for working with the colourful ecosystem of companions right here to speed up innovation, expertise constructing and sustainability.”