The underlying aim of Basel II is to promote safety and soundness in the financial system by allocating capital in organizations to reflect risk more accurately. This can be achieved with the combination of effective bank-level management, market discipline, and supervision. Basel II impacts the entire spectrum of banking, including corporate finance, retail banking, asset management, payments and settlements, commercial banking, trading and sales, retail brokerage, and agency and custody services.

A successful Basel II implementation requires synergy between data management and banking business knowledge. With strong banking domain focus, experience across various technologies and platforms, and a Basel II Data Warehousing framework, Cognizant is well placed to address total compliance.

Cognizant’s Basel II solution provides an integrated framework with an end-to-end solution which addresses all the components specified in the accord – market risk, credit risk, and operational risk. The solution works with a flexible rules-based functional model and with an open architecture.