UBD and Northern Trust Collaborate to Enhance Digital and Fintech Skills Through MoU
On September 22, 2025, Universiti Brunei Darussalam (UBD) and Northern Trust entered into a Memorandum of Understanding (MoU) aimed at developing talent in digital technology and financial technology (fintech), while also facilitating collaboration between the academic and corporate sectors.
Framework for Research and Development
The MoU establishes a framework for research and development initiatives that will focus on digital assets, the application of Artificial Intelligence (AI), and emerging trends within financial markets. This agreement intends to equip Bruneian students with practical knowledge and industry best practices in digital innovation and fintech.
Partnership Goals
Justin Chapman, Group Head of Strategic Partnerships, Digital Assets, and Financial Markets at Northern Trust, indicated that the partnership seeks to nurture the future generation of professionals in Brunei. He emphasized the company’s commitment to enhancing education and innovation on a global scale while focusing on empowering local talent in response to changes in the financial landscape.
Student Insights and Skills Development
Dr. Wardah Azimah Sumardi, Dean of the UBD School of Business and Economics, noted that the MoU would provide students with valuable insights into international financial practices and emerging technologies. This initiative aims to equip students with the skills necessary to contribute effectively to the evolving field of digital finance.
Significance of the Partnership
This partnership marks a significant advancement in collaborative research and innovation, underscoring UBD’s commitment to positively impacting the Bruneian economy and aligning with Northern Trust’s global strategy of fostering academic partnerships.
Northern Trust’s Role in Digital Finance
Northern Trust’s Digital Assets and Financial Markets integrate both digital and traditional market functions to assist clients in navigating the rapidly changing digital landscape and the complexities of investing across different asset classes. The organization provides access to industry-leading expertise, insights, and ongoing innovations, enabling clients to adapt to market changes effectively.
About Northern Trust Corporation
Northern Trust Corporation serves as a provider of wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, the firm operates in 24 U.S. states, Washington, D.C., and has a presence in 22 locations in Canada, Europe, the Middle East, and the Asia-Pacific region. As of June 30, 2025, Northern Trust managed assets under custody/administration totaling $18.1 trillion and assets under management of $1.7 trillion. With a history spanning over 135 years, Northern Trust is recognized as an industry leader for its service, financial expertise, integrity, and innovation.
(Source: UBD News)
