Eurobank to implement Agentic AI with Fairfax, EY and Microsoft

Eurobank in Greece has formed a new partnership with Fairfax Digital Services, backed by consulting firm EY and technology giant Microsoft, aimed at integrating Agentic AI into mainframe systems.

The Athens-headquartered lender said it will collaborate with EY’s AI and Data Centre of Excellence in Greece to create what it describes as an “automated system to embed Agentic AI into core banking operations” – moving beyond typical AI pilot programmes to deploy autonomous decision-making technology across its entire banking suite.

The project will use Microsoft’s Azure cloud platform, combined with EY.ai’s Agentic platform and computing power from Nvidia, to create what the bank describes as an “AI Factory”. 

This initiative will be used to “industrialise AI development to rapidly deploy solutions that drive superior customer experiences and new levels of operational efficiency”, according to the bank. 

The AI partnership represents just one aspect of the evolving relationship between Eurobank and Fairfax Financial Holdings, the Canadian parent company behind Fairfax Digital Services. Just last month, the two companies also announced a separate €813 million insurance transaction. 

Under the deal, Eurobank will acquire Fairfax’s 80% stake in Greek life insurer Eurolife Life, while Fairfax will maintain its property and casualty insurance operations and acquire a 45% stake in Eurobank’s Cyprus-based insurance business for €59 million. The insurance transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.

Source: https://www.fintechfutures.com/