Singapore – Newgen Software has signed a memorandum of understanding (MoU) with the Asian Institute of Digital Finance (AIDF) at the National University of Singapore to collaborate on enterprise artificial intelligence (AI).
The agreement covers research, innovation, talent development and industry engagement, with a focus on enterprise and financial services applications.
Under the MoU, the partners plan to combine AIDF’s research expertise, startup ecosystem and education capabilities with Newgen’s enterprise technology, product engineering and industry experience. Their stated aim is to turn research into practical enterprise applications, technology solutions and industry use cases.
Newgen says the collaboration is designed to narrow the gap between academic research and real-world business applications. It will also explore emerging AI technologies that could help enterprises orchestrate processes, content, communications and information more effectively.
The company links the effort to its NewgenONE Intelligent Enterprise Orchestration Platform, which it says combines content, processes, communications and AI.
Beyond joint research and development in areas of mutual interest, the two parties will engage startups, industry partners, regulators and ecosystem stakeholders through innovation-led initiatives. They will also support capability building, education, professional development and knowledge-sharing programmes.
Both sides will additionally explore further areas of cooperation that advance AI innovation and industry transformation.
Pramod Kumar, CGO of Newgen Software, said, “The future of AI will not be defined by algorithms alone, but by how effectively cutting-edge research is translated into real-world outcomes. Our collaboration with AIDF brings together two complementary strengths: world-class research and deep enterprise expertise. This partnership reflects Newgen’s commitment to staying Ahead of What’s Ahead while helping organizations become truly intelligent enterprises.”
Professor Huang Ke Wei, Executive Director of AIDF, said, “The partnership with Newgen presents an exciting opportunity to strengthen the connection between academic research and industry application. The collaboration will help to advance research, innovation, talent development, and industry engagement in Artificial Intelligence, with a focus on enterprise and financial services applications.”
Balaji Chikrale, APAC Business Head of Newgen, said the collaboration could contribute to Singapore’s digital economy. He pointed to nurturing local talent, creating opportunities, strengthening industry–academia collaboration and accelerating innovation in AI and emerging technologies.
Newgen and AIDF said they also aim to strengthen innovation ecosystems and help develop future-ready AI talent.
