Consumer Lending

Demographic trends like the rise of the mobile, socially-networked consumer and the growth of emerging markets are transforming where and how financial services are delivered and consumed. While many firms are going ‘back to basics’ and focusing on core deposits and asset gathering, the pressure on banks to increase lending is increasing. But managing the risk and costs of acquiring and developing the right customers remains challenging. Pricing and fees are under siege as customers demand greater value, yet product, service and channel innovations are creating new potential revenue sources.

Consumer lending is one of the major sub-verticals within Cognizant’s Banking & Financial Services practice. This group focuses on providing solutions to large financial institutions and mortgage banks that address key business and technology challenges across the mortgage, auto and student lending segments.

Cognizant has created solution frameworks that provide significant time-to-market advantages for deployments that address specific business and IT needs.