LTIMindtree, a global technology consulting and digital solutions provider, has launched a new Digital Innovation Hub at the Research and Innovation Hub of the CYENS Center of Excellence in Cyprus.
The new facility is designed to support the development and implementation of advanced digital solutions, with a primary focus on serving Eurobank, Fairfax, and other European Union clients. This initiative aligns with Cyprus’ national strategy to expand its role as a regional center for technology and innovation.
The LTIMindtree Digital Innovation Hub will focus on the digital transformation of financial institutions by supporting improved decision-making, enhanced risk management, and increased operational efficiency. The systems developed at the center will help automate complex tasks and integrate with data repositories for streamlined operations.
Strategically located at the intersection of finance and technology, the hub aims to promote collaboration between industry stakeholders and facilitate regulatory alignment within the financial sector.
In support of this initiative, the Government of Cyprus continues to encourage technological investment and talent development. The country has positioned itself as a favorable location for artificial intelligence (AI) and digital innovation.
In February 2024, LTIMindtree signed a Memorandum of Understanding (MoU) with Eurolife FFH. This agreement laid the groundwork for establishing digital hubs in both Europe and India and marked the beginning of LTIMindtree’s broader innovation plans in the region.
