Piraeus -Oracle renew cooperation with the signing of a new Memorandum of Cooperation

Piraeus Bank and Oracle announced the enlargement of their strategic concern with the signing of a caller Memorandum of Understanding (MoU).

This caller statement further strengthens the strategic narration betwixt the two organizations, with a shared vision of accelerating the Bank’s integer transformation and providing innovative, unafraid and sustainable fiscal services to its customers.

The caller MoU follows connected from the January 2024 statement and lays the instauration for further collaboration successful cardinal areas of integer transformation, with the purpose of:

• implementing the Bank’s multi-cloud strategy by leveraging Oracle Cloud Infrastructure (OCI),
• accelerating innovation done co-creation labs and collaborations successful the tract of Artificial Intelligence, information analytics, cybersecurity and cloud-native exertion development,
• adopting familial AI to automate knowledge-intensive processes,
• creating training and certification programs to upgrade the skills of the Bank’s radical successful AI and Data Science,
• strengthening the Bank’s ESG initiatives, done consulting and leveraging technologies that support sustainable development.

Haris Margaritis, Group Chief Operating Officer (COO) of Piraeus, stated: “Following our strategic concern with Oracle, we are investing successful technologies that strengthen the Bank’s resilience, ratio and innovation.

Artificial Intelligence, Cloud and sustainability solutions are captious pillars of our transformation, and done this statement we strengthen our quality to connection modern, unafraid and sustainable banking services to our customers.”

In turn, Hans Olav Hamran, Vice President Oracle Cloud Infrastructure North East, said: “We are excited to renew and grow our strategic concern with Piraeus Bank. Oracle is astatine the forefront of technology and working with such a demanding and innovative lawsuit confirms our important advantages successful the areas of security, reliability and precocious performance. Cloud and Artificial Intelligence are cardinal pillars of Oracle’s work improvement strategy, and we are arrogant to collaborate with Piraeus Bank successful these areas.”