Banking & Financial Services

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SEGMENTS

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Being Cognizant means seeing beyond the current market cycle and leading clients to new, more productive business models.

With the global economy rebounding, the emerging New Normal has created a constantly churning marketplace—with consumer preferences to match. To compete, financial services firms need to reposition themselves for higher performance and new growth opportunities. Among the more prudent steps you can take: Transform your IT foundation to become more adaptive to customer needs.

Why Cognizant?

We help financial services firms develop business solutions that drive efficiency, effectiveness, innovation and virtualization. When you choose Cognizant, you benefit from deep industry expertise to help manage risk, comply with regulations, enhance product features and manage your business transformation challenges. It’s no wonder that six of the Top 10 U.S. banks and four of the Top 10 EU banks have chosen Cognizant.

Segments We Serve

There are generalists and there are specialists. It makes sense to choose a firm organized around specialists—smart people succeeding every day in the global financial markets. With Cognizant, you gain access to an expanded team of technology and functional experts who specialize in:

Asset & Wealth ManagementBenefit from a full spectrum of application development, maintenance, business process services and consulting services—as well as our global delivery expertise, from front office to back office.

Cards & PaymentsWith the rapid rise in credit card defaults, you need to limit your exposure. Our solutions help monitor and reduce risk, so you can focus on targeting, acquiring and retaining the most credit-worthy customers.

Investment Banking & BrokerageOur specialists create business processes that scale up or down as needed to meet your investment banking and brokerage goals—while reducing your costs, as well.

Securities ServicesLet us manage and maximize your IT assets. Our industry experts support the back offices of numerous asset management and brokerage firms, prime brokers, depository organizations and bank treasuries.

Consumer LendingMany firms are going ‘back to basics’ and focusing on core deposits and asset gathering, yet the pressure to grow lending increases. Our experts can help you manage the risk and costs of acquiring and developing the right customers.

Governance, Risk & ComplianceJoin the leading North American and European banks that rely on us for successful credit, operational and market risk management solutions.

Retail/Wholesale BankingThe credit crisis emphasized the need for liquidity, cash management and operational efficiency. Our banking solutions can optimize your business processes across the entire value chain.

View all insights >

Insights

Thinking you can use to build a stronger business.

(4mb)
Gearing Up For Basel III
Stringent data reporting and risk management requirements will compel banks to significantly overhaul their IT infrastructure to comply with sweeping regulatory change, power new operational efficiencies and create market differentiation.
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Efficient Client Onboarding: The Key to Empowering Banks
Client onboarding is a crucial set of interrelated activities that offer banking enterprises a competitive opportunity. The key challenge is to rationalize and coordinate the disparate systems and databases containing client data to ensure a smooth, seamless onboarding process.
(3.8mb)
Transforming Corporate Actions Processing: The Long Road Ahead
By streamlining corporate actions processing through automation and standardization, companies can improve the quality and timeliness of data and enable a move to cloud-based utility services.
(1.6mb)
The Economic Value of Data
Big data analytics promises to boost customer centricity and profitability for financial services firms, especially when applied to market research, customer segmentation, product testing, product development and customer service.
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A Framework for Detecting Macroeconomic Changes and Their Effect on a Bank's Business Model
For the banking industry, we describe the relationship between changing business conditions/technologies and variances in business models - including a matrix of internal and external "fit" based on flexibility and product variety.
(608kb)
Selecting a Systems Integrator to Implement a Core Banking System
Given the risk and multiple stakeholders involved, banks need SI partners that can collaborate and communicate with internal constituents and with other third parties, and have demonstrated domain and technical expertise aligning software solutions with business objectives.

More white papers >

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User Acceptance Testing for a Global Financial Services Provider
Through administered user acceptance testing, a diversified financial services provider realized faster processes, lower costs and higher quality.

More case studies >

(144kb)
How to Gain Better Operational Leverage Through Enhanced Process Maturity
See how you can capitalize on process gains with our tools and experience.
(234kb)
Rebranding IT by Creating Transformational Business Value
The framework enables IT to address "moment-of-truth transactions" more effectively, one customer at a time.

Recent Highlights

Our Approach

Alliances & Partnerships
We can help you accelerate time-to-market, reduce total cost of ownership, and add flexibility—as well as incremental functionality—at lower cost through our partnerships with best-of-breed solution providers.
The Cognizant Difference
It's in our DNA. Placing our clients first is embedded in the Cognizant culture. By investing in our people and resources, we bring new ideas and innovation to help you succeed in a changing business environment.
Cognizant 2.0
By employing the Cognizant 2.0 platform, we bring the best people, resources and capabilities of our global delivery system to any client, anywhere.

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