LTIMindtree, in partnership with Eurobank and Fairfax Digital Services, has opened a new Digital Innovation Hub at the CYENS Centre of Excellence in Nicosia, Cyprus. This hub will support the development of advanced digital technologies for Eurobank, Fairfax, and other European clients. It aligns with Cyprus' national vision to become a key tech and innovation hub in the region.
The innovation centre will focus on:
By combining finance and technology, the hub aims to support collaboration and regulatory compliance, benefiting banks and financial companies across Europe.
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Sanjay Tugnait, CEO of Fairfax Digital Services, highlighted that the hub is a major step toward making Eurobank a leader in digital banking. He noted that this project will improve customer experience using secure, cost-effective, and people-first solutions. It also deepens the tech and trade partnership between Cyprus and India.
Michalis Louis, CEO of Hellenic Bank (part of Eurobank Group), added that this effort shows the Group’s commitment to using AI and data analytics to serve customers better and improve efficiency. He praised Cyprus as a rising tech hotspot in Europe.
Dr. Nicodemos Damianou, Deputy Minister of Research and Innovation, called the hub a key development for Cyprus. He said it puts the country at the centre of digital innovation in Europe. The government supports collaborations like this to help grow talent, innovation, and technology, making Cyprus a gateway for digital solutions in the region.
Before the official launch, LTIMindtree ran a pilot project in February 2024 with Eurolife FFH. This included plans to build similar digital hubs in Europe and India.
A global technology consulting firm helping over 700 companies use digital tools to grow and innovate. It operates in 40+ countries with over 84,000 professionals. LTIMindtree is part of the Larsen & Toubro Group.
As of 2:00 PM IST on May 16, LTIMindtree share price (NSE: LTIM) is trading at ₹5,040.20, up ₹6.30 or 0.13% for the day. The stock opened at ₹5,040.00 and has touched an intraday high of ₹5,088.80 and a low of ₹5,022.50. LTIMindtree has a market capitalisation of ₹1.49 lakh crore. The stock has a 52-week high of ₹6,767.95 and a 52-week low of ₹3,802.00. The P/E ratio and dividend yield are currently not available.
A Canadian company focused on property and casualty insurance, reinsurance, and investment management.
A major financial institution with operations in Greece, Cyprus, Luxembourg, Bulgaria, and the UK. As of September 2024, it manages assets worth €99.6 billion and employs over 12,800 people across 604 branches.
A research centre in Cyprus specialising in interactive media, smart systems, and emerging technologies. It’s a collaboration between three Cyprus universities and two international partners: the Max Planck Institute and University College London.
The launch of this Digital Innovation Hub marks a significant milestone in Cyprus’s journey to becoming a European tech leader. Backed by key industry players and government support, the hub is set to accelerate digital innovation in banking and beyond, offering a powerful platform for collaboration, advanced technology development, and regional growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: May 16, 2025, 2:10 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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