LTIMindtree and Eurolife FFH Sign MoU to Setup Gen AI and Digital Hubs in Europe and India
LTIMindtree,
a global technology consulting and digital solutions company, 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
Chaturvedi, President
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.”
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