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Cyprus Tech Firm To Bring AI Retail Agents To Jakarta

Cyprus-based technology company Powersoft365 will showcase eight AI agents for the apparel, fashion and retail sectors at the Indonesia Retail Summit & Expo 2026 in Jakarta on August 26–27.

The company’s appearance comes just weeks after it joined a Cyprus business mission to Southeast Asia led by Chief Scientist Demetris Skourides. During that visit, Powersoft365 explored Indonesia’s technology ecosystem and potential opportunities for international cooperation.

Eight AI Agents For Retail

At booths i6 and i7, retailers, fashion groups, distributors and technology partners will be able to see Powersoft365’s AI Retail Operating Platform in operation.

The platform connects specialised AI agents with existing enterprise resource planning, point-of-sale, warehouse and e-commerce systems. The technology can analyse business data, forecast demand, recommend actions and automate selected processes.

Among the solutions on display will be ASR, an AI-powered stock replenishment tool that analyses sales and inventory and recommends product transfers between stores. The AI Data Analyst allows managers to query business data using natural language, while the AI Forecasting Agent supports purchasing and inventory planning.

The company will also demonstrate an AI POS Selling Assistant for sales recommendations and cross-selling, an AI Social Media Manager for content and campaigns, and an AI Virtual Try-On service for digital garment fitting.

Other solutions include ApparelBridge, which brings together product information from different suppliers, and an AI Stylist designed to match products with customer preferences.

From Retail Software To AI

Powersoft365 has more than 30 years of experience developing technology for clothing, footwear and fashion businesses, including retailers, chains, franchises and wholesalers.

Its ModaPro platform focuses on fashion-specific requirements such as size and colour matrices, multi-store inventory and real-time stock management. The company is now using that experience to move towards an agentic AI model, where software can understand business conditions, analyse data, recommend actions and assist with everyday decisions.

“AI in retail is not yet a chatbot,” CEO and founder George Malekkos said. “It is AI that understands your business, your products, your inventory, your customers, and your sales, and then helps you take action.”

Expanding Beyond Cyprus

Powersoft365 is positioning its platform as an API-first ecosystem, allowing retailers to connect AI agents with existing systems without replacing their entire technology infrastructure.

Malekkos said the company also wants to demonstrate that technology developed in Cyprus can compete internationally.

The Jakarta exhibition will give potential customers and partners an opportunity to test the technology and explore possible integrations and commercial cooperation.

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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