Engineering the future of banking across Asean

WHEN most banks talk about digital transformation, they point to new apps or online services. UOB’s Lawrence Goh thinks bigger.

The bank’s head of group technology and operations has been re-architecting how a regional bank can run – fusing data, artificial intelligence (AI) and human insight into every part of the organisation.

“Ultimately, our technology strategy is about enabling UOB to deliver innovation responsibly, creating long-term value for customers and stakeholders across Asean,” he says.

UOB embarked to build a regional technology platform more than a decade ago, becoming the only Singapore bank to have a set of standardised systems across Asean. This regional platform supports the bank’s operations in Singapore, Malaysia, Thailand, Indonesia and Vietnam.

The design allows new technologies to be “plugged in” seamlessly, without disrupting existing systems. For customers, this means a consistent and seamless experience across markets; for the bank, it enables faster product rollouts and greater scalability.

UOB’s regional platform was also built for resilience and reliability. As Goh explains, innovation must always be balanced with a “strong risk culture”.

The infrastructure operates on a common architecture supported by robust risk management and cybersecurity frameworks that meet stringent regulatory standards across jurisdictions.

These guardrails ensure that new technologies can be introduced securely, without compromising compliance or stability.

A prime example is UOB TMRW, the bank’s all-in-one digital banking app. It was launched in Thailand in 2019, adapted for Indonesia within nine months, and enhanced for Singapore only four months later – an acceleration made possible by the unified technology foundation.

“This enabled our core banking systems and operating processes to be harmonised across our five key Asean markets, supported by a regional technology hub in Singapore,” says Goh.

UOB TMRW reflects the bank’s vision of using AI and machine learning to deliver hyper-personalised banking experiences to more than 8.4 million customers across Asean.

Designed to understand individual behaviour and preferences, the app analyses transaction data to provide tailored insights, curated lifestyle rewards and integrated digital-wealth solutions.

It nudges customers to invest surplus savings when they have maximised interest on their UOB One Account, flags duplicate charges or unusual spending patterns to prevent fraud, and offers financial content and expert analysis to help them stay informed.

Beyond retail banking, UOB is applying generative AI tools to elevate service quality at contact centres. Front-line staff handle thousands of enquiries daily, from routine transactions to urgent scam-related calls.

By analysing conversations in real time, generative AI tools can suggest accurate responses, generate call summaries and even recommend follow-up actions. The result: faster, more consistent service and improved customer satisfaction.

The lender’s use of AI also extends well beyond customer engagement.

“UOB has leveraged AI across many parts of the bank to further strengthen risks and controls, improve productivity, and enable data-driven decision-making,” Goh explains.

A standout innovation is the Enterprise GenAI Platform (EGP), which allows generative AI applications to be developed and run across the bank.

An example of this is an environmental, social and governance (ESG) risk-assessment solution. Using pre-engineered prompts designed by subject-matter experts, the ESG solution processes companies’ sustainability reports and extracts key information to perform risk assessments.

By automating what used to be manual and time-intensive, relationship managers can now focus on higher-value advisory work, such as helping clients craft decarbonisation strategies.

This allows an uplift of the quality of ESG assessment by not solely relying on the understanding of the individual relationship managers.

The bank also uses generative AI tools to monitor adverse ESG news about corporate clients. “This ensures timely interventions and strengthens our ability to manage reputational and sustainability risks,” says Goh.

At the same time, UOB deploys advanced AI and machine learning models within its fraud-surveillance and anti-money-laundering systems, enabling 24/7 detection of anomalies and potential mule accounts.

Combined with proactive alerts, these safeguards strengthen the bank’s overall security posture and reinforce customer trust.

Says Goh: “Through these innovations, UOB continues to harness AI responsibly to deliver smarter solutions, strengthen resilience, and create long-term value for our customers and stakeholders.”

Responsible innovation

For Goh, technological progress and governance must go hand in hand. “At UOB, our approach to generative AI adoption is anchored on a clear principle: balancing strong governance with speed to value,” he says.

UOB’s framework for responsible innovation has two complementary tracks.

The first is user-driven innovation, which empowers employees to create generative AI-enabled tools that enhance daily workflows.

Through Microsoft 365 Copilot and the in-house Build-Your-Own-Bots platform, staff use proprietary data to design chatbots that address specific operational needs. The Branch Bot, for instance, helps branch teams respond to customer queries and is being rolled out across all outlets.

Other bots handle HR-related questions, provide product guidance to relationship managers and help overseas offices navigate internal policies.

The second track focuses on enterprise-grade deployments integrated with core systems.

Here, UOB leverages their EGP to enforce security and compliance guardrails, while their AI Ethics and Model Governance Taskforce embeds the Monetary Authority of Singapore’s FEAT (Fairness, Ethics, Accountability and Transparency) principles into every model.

Collaboration also plays a key role. Through public-private partnerships such as Project MindForge, UOB works with regulators, industry peers and technology partners to develop frameworks that ensure AI adoption remains transparent, fair and aligned with ethical standards.

Yet, as Goh points out, technology alone cannot drive transformation. “Human interaction remains key for banks to build trust with our customers, with technologies serving as tools to enhance experience, engagement and productivity,” he notes.

Through the UOB Innovation Academy, employees receive training in AI, data analytics and blockchain. The programme aims to deepen expertise across the organisation and foster a culture of experimentation and continual learning.

Building on this commitment to upskilling, UOB recently signed a memorandum of understanding with Accenture to accelerate the bank’s adoption of advanced technologies such as generative AI and agentic AI.

Over the next three years, staff will undergo training under Accenture’s LearnVantage programme, gaining practical skills to deploy new tools effectively.

The AI-focused partnership also marks Accenture’s first collaboration with a Singapore bank.

Future talent development is another focus area. The AI & Data Analytics Centre of Excellence, co-developed with the National University of Singapore and supported by the Infocomm Media Development Authority, welcomed its first cohort of graduates in July 2025.

Over the next three years, the initiative aims to train 100 graduates, building a pipeline of talent aligned with Singapore’s National AI Strategy 2.0.

The next decade

Banking, Goh believes, is evolving beyond transactions. “In today’s digital age, customers expect more than just transactional services from their banks,” he says. “They seek intuitive, impactful experiences that support their broader financial journeys.”

To meet these expectations, UOB is re-imagining customer engagement as a two-way dialogue powered by data.

In the coming decade, the bank plans to move from an app-centric to a data-centric architecture – one that is simpler, modular and faster to adapt.

Generative AI tools will be woven throughout UOB’s development, security and operations pipelines, shaping how every application is designed and deployed.

UOB’s long-term technology vision rests on three interlocking pillars.

The first is adaptive experiences, where customer journeys evolve dynamically rather than follow a fixed path, anticipating what users need and guiding them seamlessly across touchpoints.

The second is embedded intelligence, which ensures every interaction is informed by real-time context and data, transforming routine transactions into relevant, personalised moments.

The third is autonomous orchestration, where AI systems manage workflows efficiently with minimal human input. This allows employees to have more time for higher value tasks and enhances productivity, contributing to better customer experience and journeys.

Together, these pillars mark a decisive shift in how UOB approaches innovation.

“This is not simply a technological shift, but a strategic imperative to meet the evolving expectations of our customers and to shape the future of banking,” says Goh.