Eurobank enhances banking infrastructure with LTIMindtree partnership

By Gloria Methri

Eurobank has initiated a multi-year cooperation with LTIMindtree focused on improving banking operations and building innovative IT services for the Greek bank and its subsidiaries. The collaboration, enabled by Fairfax Digital Services, will include the establishment of a Global Delivery Center in India.

Alongside the recently established LTIMindtree Greece office, this centre will drive technology modernisation and digital innovation as well as enhance and maintain critical banking applications. This initiative will empower Eurobank Group to meet growing customers’ demands as it expands its services.

As part of the multi-year relationship, LTIMindtree has been selected as the Services Partner for Eurobank Luxembourg’s Temenos implementation program, providing maintenance, data migration, quality assurance, and post-production support services to the bank. LTIMindtree will help drive innovation and modernise the technology infrastructure for the Eurobank Group in Cyprus, Luxembourg and Greece.

The collaboration will enable both companies to leverage the power of LTIMindtree’s innovative technology and data solutions to drive significant improvements in customer experience and operational efficiency.

Stavros Ioannou, Deputy CEO, Group COO & International Activities, Eurobank Holdings, said, “Partnering with LTIMindtree, in collaboration with Fairfax Digital Services, marks a significant milestone in this journey—strengthening our IT capabilities to meet evolving customer expectations and regulatory requirements. We are excited about the future as we redefine customer experience and set new industry benchmarks with the launch of our new Delivery Center in India.”

Sanjay Tugnait, CEO of Fairfax Digital Services, said, “At Fairfax Digital Services, we are proud to collaborate with Eurobank and LTIMindtree to establish this new Global Delivery Center in Pune. By embracing emerging technologies, we are driving innovation to create enhanced customer experiences and deliver strong business value. This partnership will help Eurobank navigate a rapidly evolving technology landscape and strengthen its position as a digital leader in the industry.”

Srini Rao, EVP & Chief Business Officer Europe, LTIMindtree, said, “We are thrilled to announce our partnership with Eurobank as they embark on an ambitious journey to modernise their banking infrastructure technology platform. Our expertise in cutting-edge IT services and seamless Temenos implementation services positions us uniquely to deliver innovative solutions that meet the future needs of Eurobank.”