The centre will develop and test UOB’s digital solutions, before they are rolled out to the bank’s markets in 19 countries and territories around the world.
The local bank will also collaborate with JTC, the developer of the district, to help other businesses there adopt sustainable practices.
Ms Lim Lay Wah, group head of UOB’s Sector Solutions Group and Global Financial Institutions Group, said the bank wants “to help to reach out to JTC’s tenants in Singapore and beyond”, especially in the logistics, transportation, consumer goods and industrial sectors.
The bank has signed a memorandum of understanding with SIT to set up a fintech innovation lab on the upcoming SIT campus in the district, to help nurture future financial, technology and digital talent.
Under the arrangement, UOB’s employees and SIT’s staff and students will have the opportunity to work on real-world problems and hone their skills for the future economy.