Banking & Financial Services

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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 outsourcing 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.

(1.5mb)
Embracing Real-time Analytics for Proactive Business Management
To succeed in any economic climate, businesses need to combine intelligent agents, 3-D visualization and predictive analytics into a framework that can detect underlying issues with revenues, expenditures and profitability and proactively provide solutions.
(1.3mb)
Trade and Cash Convergence: The Integrated Transaction Banking Platform
Many banks are responding to competitive and regulatory pressures by integrating their cash and trade balance activities. We present a plan for phasing in the IT infrastructure to allow banks to create such an integrated cash/trade convergence platform.
(1.3mb)
Asset Management: Reinventing Reporting for the New Era of Transparency and Compliance
Asset managers can leverage cloud computing and as-a-service models to modernize their reporting, thus meeting the information demands of clients, regulators and decision makers, while reducing capital investments.
(897kb)
Sharia Stock Screening: A Fund Manager's Conundrum
Islamic investing, based on Sharia compliance, is a huge and growing field, but automated screening is problematic, with gray areas involving lines of business and computing relative debt ratios. This paper examines how third-part Sharia compliance assessment could compensate for shortfalls in the Islamic indices.
(3.7mb)
Mobilizing the Enterprise
The pervasiveness of mobile computing is forcing companies to rethink their business models, reinvent their organizations and rewire their operations in order to reap the benefits and overcome the challenges of enterprise mobility.
(910kb)
GSE Loan Delivery: Interim Analysis and Approach
This paper assesses the progress of the Uniform Mortgage Data Program (UMDP), which was established by the Government Sponsored Enterprises (GSEs) - Fannie Mae and Freddie Mac - to improve transparency and accountability in loan originations and help fire up the secondary market. The program will phase in three stages by November 2012: the Uniform Appraisal Dataset (UAD), Uniform Loan Delivery Dataset (ULDD), and Uniform Collateral Data Portal (UCDP).
(737kb)
How Global Banks Are Gearing Up to Address Emerging International Payment Processing Needs
International payment and settlement challenges loom large, and the bank as a "payment factory" model offers advantages over wire transfers or maintaining multipale domestic accounts i terms of lifting fees, and other costs and charges.
(2.8mb)
TARGET-2 Securities Platform: Implications for the Post-Trade Arena
T2S is an important step in fixing Europe’s frag¬mented settlement system and could provide much-needed financial stabil¬ity by reducing the risks and costs associated with cross-border transactions.
(1.3mb)
Mobile Payments: How U.S. Banks Can Deal with Disruptive Change
Banks are well-positioned to benefit from mobile payments, if they invest in the technology infrastructure and forge strong partnerships to out-maneuver emerging non-traditional players.
(2.5mb)
Surveying the Indian Gold Loan Market
With India's vast gold stock, the gold loan market has huge growth potential, and is currently dominated in the organized sector by banks vying with non-banking finance companies. New gold financial products and improved technolgoy are keys to capturing market share in this fast-growing area.
(1mb)
Fixing the Home Finance Market: HARP 2.0 Analysis, Observations and Comparisons
In light of the ongoing housing crisis, the rollout of Home Affordable Refinance Project (HARP) 2.0 is beneficial for borrowers, services, lenders, and investors. This paper highlights HARP 2.0's features, guidelines, issues, and challenges.

More white papers >

(426kb)
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.
(159kb)
The eMortgage Edge
Check out the new Cognizant/Adobe framework that helps lenders and servicers simplify operations, save money and improve customer satisfaction.
(105kb)
Trading Lifecycle Management
See how Cognizant partnered with Calypso to accelerate the global financial software and services company’s time to market and optimize its resources.

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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