# National Bank technological and innovation initiatives > Live situation record from CLSTR: https://clstr.news/situations/national-bank-technological-and-innovation-initiatives > Updated: 2026-10-07T13:56:21.000Z. Sources: 7. Developments: 2. National Bank has initiated several programs focused on technological advancement and the innovation ecosystem. In Cyprus, the bank launched a three-day initiative involving universities, investment funds, and technology companies, including Amazon and Microsoft, to engage with the local innovation ecosystem. A central event, ‘Innovation Cyprus 2.0’, was scheduled to take place in Nicosia as part of the Inspire Festival. Concurrently, National Bank of Greece has detailed a €1.3 billion investment in technology over the past five years to drive digital transformation. This strategy aims to transition toward a banking model centered on artificial intelligence. Key developments include the deployment of ‘Sofia’, a customer-facing AI agent, the establishment of an AI Hub with over 100 staff members, and the training of more than 4,000 employees in AI expertise. ## Timeline ### 2026-10-07: National Bank of Greece invests €1.3 billion in AI and digital transformation National Bank of Greece CEO Pavlos Mylonas announced a €1.3 billion tech investment, centering AI in its operations through tools like the ‘Sofia’ AI agent and a massive digital infrastructure overhaul. 5 sources. https://clstr.news/cluster/national-bank-of-greece-invests-13-billion-in-ai-and-digital-transformation ### 2026-10-03: National Bank launches three-day innovation initiative in Cyprus National Bank is hosting a three-day innovation initiative in Cyprus, engaging investment funds, universities, and tech giants like Amazon and Mastercard to support the local startup ecosystem. 2 sources. https://clstr.news/cluster/national-bank-launches-three-day-innovation-initiative-in-cyprus --- Cite as: National Bank technological and innovation initiatives. CLSTR, https://clstr.news/situations/national-bank-technological-and-innovation-initiatives