HTHexaware Technologies544362New partnership deal

Selected as strategic technology partner by EBRD for a five-year framework

Hexaware has been selected as strategic technology partner by the European Bank for Reconstruction and Development (EBRD) under a five-year Strategic Partner Framework covering the Bank's Run-Change-Transform technology portfolio.

By ScoutQuest · Thu 5 Nov 2026, 1:52 PM IST · 2 min read

Framework Term

five-year Strategic Partner Framework

Counterparty

European Bank for Reconstruction and Development (EBRD)

Scope

the Bank's Run-Change-Transform technology portfolio

What was announced

• Hexaware has been selected as strategic technology partner for the European Bank for Reconstruction and Development (EBRD).
• The arrangement is a five-year Strategic Partner Framework covering the Bank's Run-Change-Transform technology portfolio.
• The partnership focuses on measurable outcomes alongside fixed capacity and resource augmentation delivery.

Scope of technology services

• Software engineering and quality assurance
• IT operations and support
• IT security, identity and access management
• Cloud, data and analytics
• SAP application support and modernization
• Treasury risk operations
• Low-code, no-code and AI-powered development

AI frameworks planned for deployment

• RapidX for agentic software development lifecycle acceleration
• Amaze for AI-powered data engineering and modernization
• Tensai Reasoning Ops for intelligent operations and AIOps

Delivery model

• Hexaware operating as an integrated part of the EBRD's technology organisation.
• Supported by onshore and offshore delivery centres, with enterprise-grade AI deployment at scale.
• The stated aim is to embed AI into the Bank's operations and set up a continuous improvement engine to identify optimisation opportunities and automate processes.

About the counterparty

• The EBRD is a multilateral bank that promotes private sector development and entrepreneurial initiative in 40 economies across three continents.
• It is owned by 77 countries as well as the EU and the EIB.

What the quotes say

• Simon Reeves, Director of Technology at the EBRD, said the framework is about deeper partnerships aligned to outcomes, and noted Hexaware is an existing partner whose relationship the Bank is pleased to strengthen and deepen.
• Subhash Jose, Managing Director for IT and CIO at the EBRD, linked the framework to building a technology organisation that continuously improves and delivers greater value.
• Parameshwaran Iyer, EVP and Head, Europe at Hexaware, called the partnership a validation of the company's AI-native solution delivery model and said the approach is intended to be taken to other international financial institutions and multilateral development banks.
• Parag Pawar, BFS Portfolio Head, Europe at Hexaware, spoke about delivering measurable efficiency gains through intelligent automation and continuous improvement.

How to read this

• The release sets out the client, the five-year term, the service lines and the delivery model, which is the substance a reader can weigh.
• It is a framework arrangement describing scope and duration rather than a stated order value; the commercial value of the engagement is something to track as the partnership progresses.
• The stated intent to extend a similar approach to other international financial institutions and multilateral development banks signals how the company is positioning this work beyond a single client.

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