Larsen & Toubro-owned LTIMindtree partnered with insurance company Eurolife FFH on Wednesday, by signing a Memorandum of Understanding (MoU) to construct the first generative artificial intelligence (GenAI) and Digital Hub in Athens, as well as specific facilities in Poland, Europe, and Mumbai, India.
The company said the MoU was signed at the Greek ambassador’s residence in Delhi, by Kyriakos Mitsotakis, Prime Minister of Greece, alongside Sudhir Chaturvedi, President of LTIMindtree.
The MoU was also signed by Alexandros Sarrigeorgiou, CEO of Eurolife FFH Insurance Group, and Sanjay Tugnait, CEO of Fairfax Digital Services.
The company said experts from both companies will complete specialized training in digital transformation and GenAI to create innovative products and services to improve customer experience and operational effectiveness for companies in the manufacturing, banking, insurance, and shipping sectors.
“This collaboration is a step towards a future where Gen AI and digital innovation will drive business success and enhance customers’ experience,” said, Alexandros Sarrigeorgiou, CEO of Eurolife FFH.
Earlier this week, LTIMindtree launched GenAI powered autonomous sourcing platform called Navisource.AI, which uses AI-driven pricing and negotiation engine to cut overall procurement costs by 10%-15%.
The Mumbai-based technology consulting firm uses digital technologies to help organizations across industries reinvent business models, accelerate innovation, and maximize growth.
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