Hexaware Technologies selected as Strategic Technology Partner by European Bank for Reconstruction and Development
Hexaware Technologies selected as strategic technology partner by European Bank for Reconstruction and Development (EBRD) for a five-year term. The partnership aims to support EBRD's Technology Blueprint using AI and continuous improvement for enhanced efficiency and innovation.
Securing a long-term strategic partnership with a prominent organization like the European Bank for Reconstruction and Development is a major business win that can significantly impact Hexaware's revenue, market position, and future growth prospects.
The announcement details a significant strategic partnership with a major international financial institution, which is expected to drive business growth and validate Hexaware's technological capabilities.
Hexaware Technologies Limited has been selected as a strategic technology partner for the European Bank for Reconstruction and Development (EBRD). This five-year partnership will support the EBRD’s Technology Blueprint Northstar initiative, focusing on leveraging Artificial Intelligence (AI) and continuous improvement to drive efficiency, effectiveness, and innovation.
The collaboration will involve Hexaware embedding AI into the EBRD’s operations, establishing a continuous improvement engine to identify optimization opportunities, automate processes, and enhance delivery models. The partnership emphasizes measurable outcomes alongside fixed capacity and resource augmentation.
Key technology services provided by Hexaware will include software engineering, quality assurance, IT operations and support, IT security, cloud, data, and analytics, SAP support and modernization, treasury risk operations, and low-code/no-code/AI-powered development. Hexaware plans to deploy its AI frameworks: RapidX® for acceleration of the software development lifecycle, Amaze® for AI-powered data engineering and modernization, and Tensai® Reasoning Ops for intelligent operations and AIOps.
EBRD officials, including Simon Reeves, Director of Technology, and Subhash Jose, Managing Director for IT and Chief Information Officer, expressed enthusiasm for strengthening the partnership with Hexaware to drive innovation and deliver objectives of their Tech Blueprint. Hexaware representatives, Parameshwaran Iyer, EVP & Head, Europe, and Parag Pawar, BFS Portfolio Head, Europe, highlighted the significance of the partnership as a validation of Hexaware’s AI-native solution delivery model and commitment to fostering long-term economic growth.
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Hexaware Technologies Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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