UOB will spend more than S$500 million on a new global technology and innovation centre in Singapore that will be home to around 3000 IT and digital staff.
The Singapore-headquartered bank is setting up the new centre in JTC’s Punggol Digital District, and will use it to develop new products and capabilities for the Asean region.
Staff that use the centre will be in “technology, innovation and digital roles”, and are expected to move in by the end of 2026.
It’s not clear how many of the roles will be consolidated from existing UOB office sites, versus how many will be new hires over the next two-and-a-half years.
The bank said it would use the new site to :”further its commitment in nurturing the next generation of tech talent”.
“UOB is pleased to be part of this smart nation initiative as the first Singapore bank and the largest commercial investor in the PDD,” deputy chairman and CEO Wee Ee Cheong said in a statement.
“Our investment here reinforces our commitment to grow our Singapore core, and to support our customers in Singapore and across ASEAN on their digital journey.”
The bank will also house an innovation accelerator and fintech innovation lab at the same site.
It will also implement smart workplace technologies at the site that are already used in other offices, “such as [a] smart LED lighting system, facial recognition access and workspace booking systems to support an agile working environment for better employee experience and productivity.”
