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Cyprus’ Digital Future: A Vision Of Innovation And Collaboration

In a recent visit to Cyprus, Deemah AlYahya, Secretary-General of the Digital Cooperation Organization (DCO), expressed strong optimism about Cyprus’ potential in the digital economy. Her meetings with key government figures, including President Nikos Christodoulides, underscored the island nation’s commitment to harnessing digital transformation for economic growth.

The DCO, an intergovernmental body with 16 member states, aims to accelerate digital economies through cooperation. Cyprus’ membership as the first European country highlights its forward-thinking approach. AlYahya emphasized the importance of shared practices and collaboration to achieve rapid, sustainable growth in the digital age. By working together, member states can overcome challenges and leverage collective expertise.

A critical aspect of the DCO’s mission is promoting greater female participation in the tech sector. AlYahya, an advocate for women in technology, highlighted initiatives like WE-Elevate, which supports women-owned businesses in transitioning online. This programme offers comprehensive training, enabling women to expand their reach and create job opportunities.

Furthermore, the DCO’s Unified Framework for Empowering Women in ICT aims to develop female leaders in technology. AlYahya’s NGO, Women Spark, complements these efforts by mentoring women developers, tech founders, and angel investors. The initiative has trained over 27,000 women and invested in more than 40 ventures, showcasing the potential of female empowerment in the tech industry.

During her visit, AlYahya reaffirmed the DCO’s commitment to Cyprus’ digital agenda. Discussions with President Christodoulides and other officials focused on assessing progress and planning future initiatives. Meetings with Invest Cyprus paved the way for action-oriented projects designed to drive tangible progress.

AlYahya’s vision for Cyprus’ digital economy is bright. She advocates for a regulatory environment that fosters innovation, viewing regulations not as obstacles but as enablers. By bridging the gap between innovators and the public sector, Cyprus can create a thriving digital ecosystem.

In conclusion, AlYahya’s optimism and strategic vision for Cyprus underline the nation’s potential to become a digital leader. Through collaboration, innovation, and inclusive growth, Cyprus is poised to achieve significant advancements in the digital economy, benefiting its citizens and setting an example for others.

Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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