Eurobank inks 10-year deal with Accenture for IT infrastructure upgrade

Newsroom 14/06/2016 | 15:14

Eurobank Ergasias will start an upgrade of its IT infrastructure using a new IaaS technology platform provided by Accenture, the bank announced. The ten-year deal involves the bank’s subsidiaries in Romania, Bulgaria, Serbia and Ukraine and will involve core functions, including deposits and loans, online banking, transaction processing, and credit card and debit services.

The change is aimed at reducing infrastructure cost and raise the service levels.

“By undertaking this initiative, Eurobank shows strong foresight in the digital era,” said Razvan Patrunoiu, country managing director of Accenture Romania. “Infrastructure-as-a-Service can help banks reduce the costs of a physical technology footprint, increase automation and support new digital innovations now and well into the future.”

Accenture is an IT services company employing some 373,000 people across 120 countries.

Eurobank is a banking group active in eight countries, with total assets of EUR 72.9 billion and 17.000 employees in over 970 branches in Greece and abroad.