Banking & Financial Services
The recent global financial crisis exposed weaknesses in financial institutions, leading to calls for industry reform. As a result, financial institutions must now manage stringent regulations and increased risk management — in addition, of course, to their ongoing business imperatives: reducing costs, improving operational efficiency, increasing globalization, discovering virtualized ways of working, and innovating with new technologies.
Cognizant’s BPS services deliver immediate business impact and value to your institution. Employing a unique synergy of IT and BPS, we can deliver scale and cost efficiencies, best practices and technological capabilities. When you leverage our technology, consulting and deep domain expertise, you can differentiate and expand your business—while achieving process innovations that pay continuous dividends.
Services We Offer
Banking Operations Services
Serving the retail banking, lending, cards and payments subsegments, our Banking BPS Operations deliver a rich service mix, ranging from transaction processing (Account & Data Management) to knowledge-intensive processes (Merchant Fraud Analytics).
In addition to best-in-class IT and BPS delivery, we’ll work with you to identify opportunities for process improvement, optimization, consolidation and cost reduction—all with the goal of funding future growth initiatives.
Asset & Wealth Management Operations Services
Serving clients with nearly $500 billion in Assets Under Management (AuM), we have deep and proven domain capabilities across transactional and high-end processes such as fund accounting, financial modeling, cash management, valuation, data management and reporting. Our experienced investment and accounting professionals serve Investment Managers, Wealth Managers, Private Banks, and Pension Trusts across traditional and alternative investments.
In addition to proprietary tools deployed across engagements, Cognizant has extensive experience with third party COTS products such as Investran, FundCentral, EquityWorks, HedgeSphere, Sophis and Wall Street Office among others.
Investment Banking Operations Services
Our Investment Banking BPS team services Investment Banks, Brokerage Houses and Financial Services companies across a wide range of asset classes: equity, fixed income, derivatives, foreign exchange, and commodities. Delivering complex Investment Banking operations to global investment banks, we’ve built strong and demonstrated capabilities across the post-trade life cycle, including Securities Operations, Research, Asset Servicing, Product Control, Risk and Compliance.
With Cognizant, you benefit from an optimal mix of subject matter experts, domain consultants, and business analysts who bring deep domain expertise to your challenges. They’re supported by proprietary tools and third-party solutions, including Calypso, Sophis, Fidessa, Misys Summit, Murex, Adaptiv, Wall Street Office, QuickRules (Rules Engine), iLog, Flexcube, SmartStream TLM, Bloomberg, Reuters, FXALL, and Business Objects among others.