Saturday, Feb 15 2025 | Time 14:43 Hrs(IST)
image
Press Releases » Business Wire India


LTIMindtree and Eurolife FFH Sign MoU to Setup Gen AI and Digital Hubs in Europe and India

LTIMindtree and Eurolife FFH Sign MoU to Setup Gen AI and Digital Hubs in Europe and India
LTIMindtree and Eurolife FFH sign MoU to setup GenAl and digital hubs in India and Europe. In the picture left to right Alexandros Sarrigeorgiou, Chairman & CEO, Eurolife FFH Insurance Group, Sanjay Tugnait, President & Chief Executive Officer, Fairfax Digital Services, Sudhir Chaturvedi, President, and Executive Board Member, LTIMindtree at the residence of Greek Ambassador in Delhi.
Business Wire India

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen AI and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai, India.
 
The MoU was signed by Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree, Alexandros Sarrigeorgiou, Chairman & CEO, Eurolife FFH Insurance Group and Sanjay Tugnait, President & Chief Executive Officer, Fairfax Digital Services, in the presence of Kyriakos Mitsotakis, Prime Minister of Greece at the residence of Greek Ambassador in Delhi. This announcement also aligns with the Government of India’s newly introduced "Anusandhan" scheme, aimed at catalyzing innovation and research within the technology and startup ecosystem.

As a part of this association, Eurolife FFH will set up Generative AI and Digital Hub in Athens to develop innovative solutions for insurance businesses in Greece and LTIMindtree will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai. Professionals from both the companies will jointly undergo specialized training in Generative AI and Digital Transformation to develop cutting edge products and services that will enhance customer experience and operational efficiency for businesses across insurance, banking, shipping, and manufacturing industries.  

Alexandros Sarrigeorgiou, CEO of Eurolife FFH, said, "This partnership is aligned with our ambition of leveraging the power of advanced technology to deliver innovation for our customers and partners. Our goal is to innovate; specifically in the insurance space, and push boundaries to create solutions that meet evolving needs of customers across various other industries. This collaboration is a step towards a future where Gen AI and digital innovation will drive business success and enhance customers’ experience.”

Sudhir ChaturvediPresident and Executive Board Member, LTIMindtree, said, "Our collaboration with Eurolife FFH forms a crucial part of our strategic roadmap, aimed at driving transformative growth for businesses by unlocking the true potential of Gen AI. By merging LTIMindtree’s innovation capabilities with Eurolife FFH’s domain expertise, we are staging a platform for an accelerated adoption of new technologies to address the industry’s most pressing challenges, while establishing new benchmarks in both domestic and international markets.”

Sanjay Tugnait, President, and CEO of Fairfax Digital Services, said, "As Greece and India unite in establishing a Gen AI and Digital Hub, our collaboration transcends borders and algorithms. Together, we engineer a convergence of technological prowess, laying the foundations for creating leading edge industry solutions to enable revenue generation and cost optimization for businesses with a focus on enhancing customer experience. This partnership exemplifies the fusion of diverse cultures and shared visions, which will shape the future landscape of artificial intelligence and digital transformation.”

Disclaimer: This is syndicated feed from PR agency and any legal liability for the content is theirs only.

More News

Indian Companies Are Investing in AI for the Long Term, Intend to Use Open-Source Tools to Drive ROI and Innovation: IBM Study

14 Feb 2025 | 3:27 PM

Indian Companies Are Investing in AI for the Long Term, Intend to Use Open-Source Tools to Drive ROI and Innovation: IBM Study

see more..

Midland Credit Management (MCM) in India Recognized by Great Place To Work® among India’s Best Workplaces™ in IT & IT-BPM 2024

14 Feb 2025 | 2:18 PM

Midland Credit Management (MCM) in India Recognized by Great Place To Work® among India’s Best Workplaces™ in IT & IT-BPM 2024

see more..

Creative OZ-AIR India Pvt Ltd Unveils New Logo Reflecting Innovation & Environmental Commitment

14 Feb 2025 | 11:00 AM

Creative OZ-AIR India Pvt. Ltd. Unveils New Logo Reflecting Innovation & Environmental Commitment

see more..
Marriott Hotels Partners With SmartHomes Infrastructure to Launch Dholeras First 5-Star Hotel

Marriott Hotels Partners With SmartHomes Infrastructure to Launch Dholeras First 5-Star Hotel

14 Feb 2025 | 11:08 AM

Marriott Hotels Partners With SmartHomes Infrastructure to Launch Dholeras First 5-Star Hotel

see more..
Season of Love Offers at The Body Shop

Season of Love Offers at The Body Shop

13 Feb 2025 | 3:29 PM

Season of Love Offers at The Body Shop

see more..
image