Cognizant Partners with EBRD for AI-Driven Digital Transformation
News related to:Cognizant · 2 min read
LONDON, Oct 26, 2026 /CourierPR/ -- Cognizant, a leading AI builder and technology services provider, has entered into a strategic partnership with the European Bank for Reconstruction and Development (EBRD) to accelerate the bank’s digital transformation through AI-led, outcome-driven services. This five-year collaboration aims to drive continuous improvement, innovation, and the responsible adoption of AI across the EBRD’s technology estate.
Under the agreement, Cognizant will deliver critical technology services across two complementary service models: outcome-led managed services and fixed-capacity services. These services will span digital and workplace management, cloud infrastructure, data and security, software engineering, automation, and AI. The partnership is designed to enhance services, strengthen resilience, and deliver measurable value over time.
Cognizant plans to bring a range of proprietary AI solutions to support the EBRD’s technology needs. These include Neuro® IT Operations, which will improve visibility across the EBRD’s technology estate, anticipate and resolve issues faster, and strengthen service resilience. Flowsource™ will enable the EBRD to deliver high-quality software faster and apply generative and agentic AI across the software development lifecycle. WorkNEXT™ will provide more intuitive, personalized workplace management through AI-powered voice and translation services and agent-enabled support orchestration.
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 40 economies across three continents. The bank is owned by 77 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient, and integrated.
This partnership between Cognizant and the EBRD underscores the growing importance of AI and digital transformation in the banking and financial services sector. By leveraging Cognizant's expertise, the EBRD aims to enhance its technological capabilities and support its mission of fostering sustainable, private sector-led growth in its regions.
The collaboration is part of the EBRD's broader Tech Blueprint, a technology transformation programme focused on driving efficiency, effectiveness, and innovation through digitally enabled processes powered by AI, data, and intelligent automation. The five-year framework will support the delivery of critical, results-focused technology, helping the EBRD to drive continuous improvement and innovation.
Cognizant's solutions are designed to strengthen service reliability, expand access to specialist skills, improve operational efficiency, and support the continued evolution of the Bank's technology capabilities. The partnership will enable the EBRD to optimize technology, further strengthen its resilience, and create capacity to innovate at scale, thereby increasing the impact for people in its countries of operation.
The EBRD operates in a demanding, highly governed environment across three continents, making the need for robust, adaptable, and future-oriented technology solutions critical. By partnering with Cognizant, the EBRD is well-positioned to navigate these challenges and drive meaningful change in its regions.