Vietnam’s FPT, Kyushu Financial Group Join Forces to Scale AI Innovation

The agreement formalizes a working relationship that began in 2023 and positions FPT’s AI platform at the centre of KFG’s digital overhaul.

Vietnam-based IT services provider FPT Corporation signed a Memorandum of Understanding with Kyushu Financial Group on March 18. Deploying its FleziPT AI platform to accelerate the Japanese financial group’s digital transformation and support its cross-border expansion into Vietnam.

The two companies will jointly develop technology solutions, expand KFG’s presence in Vietnam, and establish, as both parties described, a foundation for operational growth across Japan and the broader Asia-Pacific region. Financial terms of the agreement were not disclosed.

Japan’s financial sector is entering a new stage of transformation, where digital innovation and ecosystem collaboration are becoming increasingly critical.
Do Van Khac, FPT Software SEVP and FPT Japan CEO, FPT Corporation.

The MOU builds on a working relationship that dates to 2023, when FPT began collaborating with KFG member companies. One outcome of that period is Tansakukun, a CO₂ management system developed jointly with Higo Bank, a KFG subsidiary. The system has since been deployed nationwide in Japan and has been recognised as a model case for regional bank-led sustainability initiatives.

The deal arrives as FPT marks 20 years of operations in Japan. The company reports 18 offices and innovation hubs across the country, 5,000 employees in Japan, and more than 15,000 offshore professionals supporting over 450 clients globally. FPT has set a target of USD 1 billion in revenue from the Japanese market by 2027, positioning it among the country’s top 15 IT companies.

It is unclear whether the MOU includes any equity component or revenue-sharing arrangement. Neither party addressed those specifics in the public release.

FPT is listed on the Ho Chi Minh Stock Exchange and reported total revenue of USD 2.66 billion in 2025 across its technology, telecommunications, and education divisions. The company employs more than 54,000 people across its core businesses.

The move comes as Japanese financial institutions accelerate investments in AI-driven infrastructure amid regulatory pressure to modernise legacy systems. Several regional banks have announced similar technology partnerships in the past 12 months, though few have paired with foreign IT providers at this scale.

Disclaimer: This article is based on a release shared by FPT. NervNow has not independently verified the claims and figures cited.

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