LTIMindtree, Eurobank and Fairfax Digital Services Collaborate to Build Digital Innovation Hub in Cyprus

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.

ST. LOUIS (AP) — World champions Ilia Malinin and the ice dance duo of Madison Chock and Evan Bates will anchor one of the strongest U.S. Figure Skating teams in history when they head to Italy for the Milan Cortina Olympics in less than a month.

Malinin, fresh off his fourth straight national title, will be the prohibitive favorite to follow in the footsteps of Nathan Chen by delivering another men's gold medal for the American squad when he steps on the ice at the Milano Ice Skating Arena.

Chock and Bates, who won their record-setting seventh U.S. title Saturday night, also will be among the Olympic favorites, as will world champion Alysa Liu and women's teammate Amber Glenn, fresh off her third consecutive national title.

U.S. Figure Skating announced its full squad of 16 athletes for the Winter Games during a made-for-TV celebration Sunday.

"I'm just so excited for the Olympic spirit, the Olympic environment," Malinin said. “Hopefully go for that Olympic gold.”

Malinin will be joined on the men's side by Andrew Torgashev, the all-or-nothing 24-year-old from Coral Springs, Florida, and Maxim Naumov, the 24-year-old from Simsbury, Connecticut, who fulfilled the hopes of his late parents by making the Olympic team.

Vadim Naumov and Evgenia Shishkova were returning from a talent camp in Kansas when their American Airlines flight collided with a military helicopter and crashed into the icy Potomac River in January 2025. One of the last conversations they had with their son was about what it would take for him to follow in their footsteps by becoming an Olympian.

“We absolutely did it,” Naumov said. “Every day, year after year, we talked about the Olympics. It means so much in our family. It's what I've been thinking about since I was 5 years old, before I even know what to think. I can't put this into words.”

Chock and Bates helped the Americans win team gold at the Beijing Games four years ago, but they finished fourth — one spot out of the medals — in the ice dance competition. They have hardly finished anywhere but first in the years since, winning three consecutive world championships and the gold medal at three straight Grand Prix Finals.

U.S. silver medalists Emilea Zingas and Vadym Kolesnik also made the dance team, as did the Canadian-born Christina Carreira, who became eligible for the Olympics in November when her American citizenship came through, and Anthony Ponomarenko.

Liu was picked for her second Olympic team after briefly retiring following the Beijing Games. She had been burned out by years of practice and competing, but stepping away seemed to rejuvenate the 20-year-old from Clovis, California, and she returned to win the first world title by an American since Kimmie Meissner stood atop the podium two decades ago.

Now, the avant-garde Liu will be trying to help the U.S. win its first women's medal since Sasha Cohen in Turin in 2006, and perhaps the first gold medal since Sarah Hughes triumphed four years earlier at the Salt Lake City Games.

Her biggest competition, besides a powerful Japanese contingent, could come from her own teammates: Glenn, a first-time Olympian, has been nearly unbeatable the past two years, while 18-year-old Isabeau Levito is a former world silver medalist.

"This was my goal and my dream and it just feels so special that it came true,” said Levito, whose mother is originally from Milan.

The two pairs spots went to Ellie Kam and Danny O'Shea, the U.S. silver medalists, and the team of Emily Chan and Spencer Howe.

The top American pairs team, two-time reigning U.S. champions Alisa Efimova and Misha Mitrofanov, were hoping that the Finnish-born Efimova would get her citizenship approved in time to compete in Italy. But despite efforts by the Skating Club of Boston, where they train, and the help of their U.S. senators, she did not receive her passport by the selection deadline.

“The importance and magnitude of selecting an Olympic team is one of the most important milestones in an athlete's life,” U.S. Figure Skating CEO Matt Farrell said, "and it has such an impact, and while there are sometimes rules, there is also a human element to this that we really have to take into account as we make decisions and what's best going forward from a selection process.

“Sometimes these aren't easy," Farrell said, “and this is not the fun part.”

The fun is just beginning, though, for the 16 athletes picked for the powerful American team.

AP Olympics: https://apnews.com/hub/milan-cortina-2026-winter-olympics

Amber Glenn competes during the women's free skating competition at the U.S. Figure Skating Championships, Friday, Jan. 9, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Alysa Liu skates during the "Making Team USA" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Maxim Naumov skates during the "Making Team USA" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Madison Chock and Evan Bates skate during the "Making the Team" performance at the U.S. Figure Skating Championships, Sunday, Jan. 11, 2026, in St. Louis. (AP Photo/Stephanie Scarbrough)

Gold medalist Ilia Malinin arrives for the metal ceremony after the men's free skate competition at the U.S. Figure Skating Championships, Saturday, Jan. 10, 2026, in St. Louis. (AP Photo/Jeff Roberson)