The Cognizant EBRD deal will see the technology company support the European Bank for Reconstruction and Development’s transformation programme for five years, with services spanning artificial intelligence, data and automation. The deal was reported on October 27, 2026.

What the Cognizant EBRD deal covers

Cognizant will provide technology services through both outcome-led managed services and fixed-capacity services. The work covers digital and workplace management, cloud infrastructure, data and security, software engineering, automation and AI.

The agreement also calls for deployment of Cognizant’s proprietary AI solutions, including Neuro IT Operations, Flowsource and WorkNEXT.

EBRD’s technology goals

Subhash Chandra Jose, EBRD’s managing director for information technology and chief information officer, said the partnership would help the bank optimise technology, strengthen resilience and create capacity to innovate at scale.

The bank aims to use that capacity to increase its impact for people in its countries of operation, Jose said.

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