The European Bank for Reconstruction and Development (EBRD) selected Cognizant as a strategic partner. This partnership supports a five-year technology transformation program. The program backs the EBRD's 'Tech Blueprint.' This blueprint aims to enhance efficiency and innovation. It leverages artificial intelligence, data, and automation.

Under the agreement, Cognizant will provide cloud infrastructure, data and security, software engineering, and digital workplace management. Cognizant plans to implement its proprietary AI platforms. These include Neuro® IT Operations and Flowsource™. The platforms will improve the bank's technology services, software development, and workplace solutions.