TMRW to Merge with UOB Mighty As Part of UOB’s S$500 Million Digital Initiativeby Fintech News Singapore September 29, 2021
UOB will invest up to S$500 million to bring together the innovation of its digital bank TMRW with the scale and product depth of its mobile app UOB Mighty on one platform dubbed as UOB TMRW.
The bank will roll out UOB TMRW progressively across its key ASEAN markets, with the next markets expected to launch in the next 18 months.
UOB added in a statement that it seeks to double the retail customers it serves digitally to more than seven million customers across ASEAN by 2026 with this move.
As part of its rollout of UOB TMRW, the bank has launched a beta version of its new digital banking app which brings its digital bank capabilities to all its Singapore-based employees.
Upon the successful completion of the beta pilot, UOB TMRW will be launched for all of its customers in Singapore later this year.
Singapore-based UOB Mighty customers will be able to transition to UOB TMRW at that time.
Kevin Lam, Head of TMRW and Group Digital Banking, said,
“The launch of UOB TMRW in Singapore affirms our commitment to double down on our data-driven model which banks on creating hyper-personalised digital experiences for our customers.
In this next phase, we are making it our goal to explore how technology can enable us to make the digital banking of tomorrow smarter and even more intuitive for our customers.”