Northern Trust Partners with Universiti Brunei to Develop Talent
Universiti Brunei Darussalam (UBD) and Northern Trust, a financial services firm headquartered in Chicago, signed a Memorandum of Understanding (MoU) on September 22, 2025 to develop digital and financial technology talent and strengthen academic and industry cooperation. This MoU establishes a framework for collaboration for emerging trends like digital assets, fintech, and AI application across industries. Dr Wardah Azimah Sumardi, Dean of UBD School of Business and Economics stated that this program provides students with invaluable insights into global financial practices and emerging technologies, building their skills towards a career in digital finance.
Brunei is building its financial literacy and public confidence in capital markets, in line with the mission of the Brunei Darussalam Central Bank (BDCB) and the Brunei Darussalam Capital Market Association (BCMA). With a rise in digital payment usage like Pocket, Profresif Ding! Wallet, and BIBD NEXGEN Wallet, as well as Brunei’s launch of its first instant payment system “tarus” earlier this year, the government is undergoing a transformation driven by fintech innovation and the rise of AI.
Emerging markets are becoming increasingly fintech-friendly, and Brunei’s dedication to upskilling their labor force will create more cost-cutting opportunities for U.S.-based firms as they tap into local talent. Beyond Brunei, other Asian tech giants like Sea Group and Antom are also expanding financial services capabilities, providing greater opportunities for investments in ASEAN.