MUMBAI, India & NICOSIA, Cyprus--(BUSINESS WIRE)--May 16, 2025--
LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, has announced the opening of its Digital Innovation Hub at the Research and Innovation Hub of CYENS Center of Excellence. The LTIMindtree Digital Innovation Hub will enable ideation, co-creation and implementation of Advanced Digital Solutions for Eurobank, Fairfax and other EU customers and aligns with the strategic vision of the Cyprus Government to strengthen Cyprus’ role as a regional tech and innovation hub, triggering unique cross-border opportunities for tech collaborations.
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This hub is dedicated to advancing digital transformation, enhancing decision-making, risk management, and operational efficiency. These advanced digital systems plan and automate complex tasks, help make informed decisions and seamlessly integrate with data repositories to deliver operations more efficiently and accurately. Positioned at the intersection of technology and finance, the center aims to foster collaboration, regulatory alignment, and be transformative step for financial institutions and banks across the region.
Sanjay Tugnait, President & CEO, Fairfax Digital Services (A Fairfax Company) and Board Member of the Cyprus-India Business Association, said, “The launch of the Digital Innovation Hub in Cyprus marks a pivotal step in enabling Eurobank’s vision to be a digital leader in banking. Together with LTIMindtree, Eurobank, Fairfax Digital, and Voicing.AI, this Hub will accelerate Eurobank’s journey to become a digital-first, customer-centric institution. This initiative is not just about innovation—it’s about elevating client experience through secure, human-led, and cost-effective solutions. This collaboration with the Government of Cyprus deepens the technology and trade partnership between Cyprus and India, building a bridge of innovation and shared prosperity.”
Michalis Louis, CEO of Hellenic Bank, member of Eurobank Group said, “The initiative reinforces Eurobank Group’s commitment to investing in cutting-edge technologies such as artificial intelligence and advanced data analytics, to enhance customer value and drive operational efficiency. In close collaboration with strategic partners LTIMindtree and Fairfax Digital Services, the Group is expanding its international footprint and unlocking new opportunities within the broader financial ecosystem. The establishment of the Hub in Cyprus further highlights the island's excellence, solidifying its position on European innovation map.”
The Government of Cyprus, whose forward-thinking vision is positioning the island nation as a strategic AI centre, will lead the way with its flexibility to welcome new talent to the region and demonstrate the strong commitment to AI through the LTIMindtree Digital Innovation Hub. In February 2024 a first pilot was conducted by LTIMindtree by signing a Memorandum of Understanding (MoU) with Eurolife FFH including the building of Digital Hubs in Europe and India.
Dr. Nicodemos Damianou, Deputy Minister of Research, Innovation and Digital Policy of Cyprus, said, "The establishment of the LTIMindtree Digital Innovation Hub in Cyprus is a strategic milestone that places our country at the forefront of cutting-edge developments in artificial intelligence and digital enablement. More than just the creation of a new tech hub, this initiative signals Cyprus’s evolution into a regional force in advanced technologies and digital innovation and also reflects the strength and the potential of our partnerships with leading global technology players and thriving ecosystems like India’s. Our Government stands committed to working together with India and other global trade partners, as well as the private sector to build a future where talent, innovation, and technology converge—positioning Cyprus as a key gateway for transformative digital solutions across Europe and the wider region."
Srini Rao, EVP and Chief Business Officer- Europe, LTIMindtree, said, “LTIMindtree is proud to leverage its collaboration with Eurobank and Fairfax Digital Services for the launch of the new Digital Innovation hub in Cyprus. This center will drive transformative growth for businesses across industries. Through this effort, we remain committed to offering innovation and cutting-edge customer experience to European enterprises.”
About LTIMindtree:
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit www.ltimindtree.com.
About Fairfax Financial Holdings Limited:
Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and associated investment management. Founded in 1985 by the present Chairman and Chief Executive Officer, Mr. V. Prem Watsa, the company is headquartered in Toronto, Canada. Its common shares are listed on the Toronto Stock Exchange under the symbol FFH and in U.S. dollars under the symbol FFH.U.
About Eurobank
The Eurobank Group, consisting of Eurobank SA and its subsidiaries, is a robust financial organisation. The Group develops financial products and services, focusing on customers and their needs. It offers sophisticated choices and well-rounded services to individuals and businesses. The Eurobank Group operates with transparency, builds credibility and applies modern corporate governance practices. With presence in Greece, Cyprus, Luxembourg, Bulgaria and UK (London), the Eurobank Group counts (data as of 30 September 2024):
About CYENS Center of Excellence
CYENS Centre of Excellence is a Research and Innovation Centre specializing in Interactive Media, Smart Systems, and Emerging Technologies. CYENS is the only organization in Cyprus focusing on immersive technologies working towards empowering knowledge, and technology transfer in the region. It is a joint venture of three public universities, the University of Cyprus, Cyprus University of Technology, and the Open University of Cyprus, and two international partners, Max Planck Institute for Informatics, and University College London.
Srini Rao EVP & Chief Business Officer- Europe, LTIMindtree | Mr. Nikodemos Damianou, Deputy Minister of Research and Innovation, Govt of Cyprus | Mr. Fokion Karavias, Group CEO, EUROBANK Group | Mr. Sanjay Tugnait, President & CEO, Fairfax Digital along with other esteemed client executives and local dignitaries.
NEW YORK (AP) — Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on video screens during the national anthem as he became the first sitting president to attend an NBA Finals game.
Chants of “U-S-A! U-S-A!” echoed through the arena as Avery Wilson sang “The Star-Spangled Banner," but they they gave way to boos moments later as Trump was displayed on the jumbo screens giving a military salute. The jeers ended when the U.S. flag followed him on the screens, and fans cheered when New York Knicks players were shown. Mentions of the San Antonio Spurs also elicited vociferous boos.
The president was unfazed. “It was, I think, mostly cheers,” he told reporters after the game before boarding Air Force One to return to Washington. “It was loud, and it was very enthusiastic.”
Trump watched Game 3 from Knicks owner James Dolan’s suite, along with granddaughter Kai, personal adviser Boris Epshteyn and Cabinet secretaries Lee Zeldin, Sean Duffy and Doug Burgum. He sat next to Dolan for the first quarter and spent part of the second talking to NBA Commissioner Adam Silver and Republican gubernatorial hopeful Bruce Blakeman.
Trump’s Marine One helicopter flew from his home in New Jersey and landed near Wall Street before his motorcade made its way up through Manhattan and to the arena roughly an hour before tipoff. He encountered a handful of people making rude gestures, and outside the area, one group held signs saying “Trump must go.”
He settled into Dolan's suite shortly afterward.
During the afternoon before Trump's arrival, the New York Police Department and the U.S. Secret Service set up a large perimeter surrounding Madison Square Garden. Fans lined up to get inside the arena more than four hours before tipoff, in a scene more closely resembling New Year’s Eve in Times Square than the usual leadup to a basketball game.
They were required to provide a ticket or pass to get past various checkpoints, along with going through a Transportation Security Administration-style magnetometer. Secret Service personnel and police were positioned at every corner and in large numbers. Daily commuters, tourists visiting Manhattan and fans were all confounded at various times as they tried to maneuver the security.
After traveling from his home in Florida for the game, Knicks fan Greg Weldon said the main inconvenience faced so far has been the lack of information.
“We’ve asked so many cops, secret service, guys with machine guns, what to do, where should we go,” he said. “Nobody knows.”
Knicks coach Mike Brown and Spurs counterpart Mitch Johnson downplayed any concept of being inconvenienced by the closures and enhanced security because of Trump.
“There’s a lot going on, and I’d much rather be a part of it than not,” Johnson said.
With security stepped up, a watch party outside was canceled, and ticket-holders were not allowed to bring bags inside the Garden. Fans had gathered near the arena to watch games during this playoff run, during which the Knicks have won 13 games in a row to reach the final for the first time since 1999 and move two victories from their first NBA title since 1973.
“We are looking forward to bringing back watch parties for Game 4,” Police Commissioner Jessica Tisch said at a news conference Monday. "But I think New Yorkers are used to presidents coming to town, and they understand that that generally means lockdowns of areas and that’s what you’re going to see tonight at the Garden.”
The Knicks’ streak was broken Monday night, with the Spurs winning 115-111. Game 4 will be played Wednesday night at the Garden.
This is the latest major sporting event Trump has attended during his time as president, and the security measures have created major hassles for fans.
Thousands of fans missed the start of last year’s U.S. Open men’s singles final between Carlos Alcaraz and Jannik Sinner because of lengthy security lines. Even though the U.S. Tennis Association pushed back the start of the match by a half-hour, many fans still couldn’t get in because added measures meant that they had to go through screening not only when they arrived at the Billie Jean King National Tennis Center but again in front of the steps into Arthur Ashe Stadium, where Trump watched from a suite.
Federal law enforcement officials have been reexamining Trump’s security in light of three incidents in the past two years: a shooting at a 2024 rally in Butler, Pennsylvania; the discovery of a man armed with a rifle as Trump played golf in West Palm Beach, Florida, later that year; and the recent shooting at the White House Correspondents’ Association dinner.
Asked Sunday his thoughts on Trump attending, Knicks center Mitchell Robinson said: “Cool, I guess. We can still get out there and play (no matter) who’s here and who’s not.”
Mayor Zohran Mamdani and other dignitaries were also at the game, as were Yankees Hall of Famer Derek Jeter and two-time Super Bowl-winning quarterback Eli Manning of the Giants.
It was already hard enough for Knicks fans to get inside Madison Square Garden because of astronomical ticket prices. The get-in price for a ticket is higher than the average cost of monthly rent in New York, surging over $5,000.
The best seats were listed for tens of thousands of dollars. Mamdani said he bought his ticket, which he said was standing-room-only, for about $1,000 directly from Madison Square Garden.
The difficulty of seeing the game in-person has prompted fans to crowd bars, streets and watch parties all over the city. The watch party near the Garden has become a major event all through the playoffs, but with Trump attending, that event was moved a few blocks away outside the security perimeter, at Bryant Park.
“We improvise,” said Knicks guard Jose Alvarado, who is a New York native. "We're New Yorkers. We’re going to find a way to watch a game, and that’s what we’re doing.”
AP Basketball Writer Brian Mahoney contributed to this report.
AP NBA: https://apnews.com/hub/NBA
President Donald Trump talks with reporters before boarding Air Force One at John F. Kennedy International Airport in New York, early Tuesday, June 9, 2026. (AP Photo/Mark Schiefelbein)
President Donald Trump talks with Knicks owner James Dolan during Game 3 of the NBA Finals basketball series between the New York Knicks and the San Antonio Spurs at Madison Square Garden in New York, Monday, June 8, 2026. (AP Photo/Mark Schiefelbein)
U.S. Secret Service agents and a U.S. Marine brace against the downdraft as a support helicopter lands before Marine One with President Donald Trump aboard, at the Downtown Manhattan Heliport at Pier 6 in New York, Monday, June 8, 2026. (AP Photo/Mark Schiefelbein)
President Donald Trump gestures during the National Anthem as he attends an NBA Finals playoff basketball game between the New York Knicks and the San Antonio Spurs at Madison Square Garden in New York, Monday, June 8, 2026, with Kai Trump, left. (AP Photo/Mark Schiefelbein)
President Donald Trump gestures during the National Anthem as he attends an NBA Finals playoff basketball game between the New York Knicks and the San Antonio Spurs at Madison Square Garden in New York, Monday, June 8, 2026, with Kai Trump, left, Knicks owner James Dolan and Interior Secretary Doug Burgum, right. (AP Photo/Mark Schiefelbein)
NYPD officers escort the motorcade of President Donald Trump outside of Madison Square Garden ahead of Game 3 of the NBA Finals basketball series, Monday, June 8, 2026, in New York. (AP Photo/Ryan Murphy)
New York Knicks fans wait in line to enter Madison Square Garden ahead of Game 3 of the NBA Finals, Monday, June 8, 2026, in New York. (AP Photo/Ryan Murphy)
Madison Square Garden ahead of Game 3 of the NBA Finals, Monday, June 8, 2026, in New York. (AP Photo/Ryan Murphy)
Secret Service agents stand guard in front of Madison Square Garden ahead of Game 3 of the NBA Finals, Monday, June 8, 2026, in New York. (AP Photo/Ryan Murphy)
The motorcade of President Donald Trump arrives to Madison Square Garden ahead of Game 3 of the NBA Finals basketball series, Monday, June 8, 2026, in New York. (AP Photo/Ryan Murphy)
A Secret Service agent stands watch outside Madison Square Garden in New York, Monday, June 8, 2026, as President Donald Trump is set to attend Game 3 of the NBA Finals basketball series between the New York Knicks and the San Antonio Spurs. (AP Photo/Ted Shaffrey)
Security fencing is set up outside of Madison Square Garden in New York, Monday, June 8, 2026, as President Donald Trump is set to attend Game 3 of the NBA Finals basketball series between the New York Knicks and the San Antonio Spurs. (AP Photo/Ted Shaffrey)
Security is set up outside of Madison Square Garden in New York, Monday, June 8, 2026, as President Donald Trump is set to attend Game 3 of the NBA Finals basketball series between the New York Knicks and the San Antonio Spurs. (AP Photo/Ted Shaffrey)
FILE - President Donald Trump, center, attends the men's singles final at the U.S. Open tennis tournament, Sept. 7, 2025, in New York. (AP Photo/Manuel Balce Ceneta, File)
A traveler tries to navigate the area as stringent security measures are set up outside of Madison Square Garden in New York, Monday, June 8, 2026, as President Donald Trump is set to attend Game 3 of the NBA Finals basketball series between the New York Knicks and the San Antonio Spurs. (AP Photo/Ted Shaffrey)
FILE - Donald Trump, right, talks to an unidentified man from the stands at Madison Square Garden during the New York Knicks game against the Dallas Mavericks on Jan. 11, 2006, in New York. (AP Photo/Kathy Willens, File)
President Donald Trump speaks at Custer Farms in Chippewa Falls, Wis., Friday, June 5, 2026. (AP Photo/Glen Stubbe)
