Northern Trust has signed a memorandum of understanding ( MoU ) with Universiti Brunei Darussalam ( UBD ) to develop digital and fintech talent and strengthen academic-industry collaboration. 

The MoU establishes a framework for Northern Trust and UBD to collaborate on research and development initiatives in areas such as digital assets, the application of artificial intelligence, and emerging trends in the financial market. These efforts aim to equip Bruneian students with practical knowledge and global best practices in digital and fintech innovation.

"This initiative reflects our deep commitment to advancing education and innovation globally and builds on our ongoing academic collaborations. By sharing our expertise and insights, we aim to empower local talent to succeed in a rapidly evolving financial landscape," says Justin Chapman, group head of strategic partnerships, digital assets and financial markets, at Northern Trust.

Speaking as guest of honour at the MOU signing ceremony, Yang Mulia Dayang Hajah Rashidah binti Haji Sabtu, managing director of Brunei Darussalam Central Bank, says: “Brunei’s long-term competitiveness depends on our ability to embrace advanced technologies. This collaboration between Northern Trust and UBD supports the nation's shared commitment to nurturing talent and building a resilient, innovation-driven financial sector.”