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Banking & Financial Services
Build systems that build relationships
 
Cognizant offers a variety of solutions addressing different functional areas of the Corporate Services space and primarily focusing on Benefits Administration.
 
Cognizant has been working with some of the largest financial corporations to manage their Corporate Services applications, which involve administration of the employee benefit plans on behalf of the employers. Our expertise spans across the entire Benefits Administration area, including:
 
  • Defined Benefit
  • Defined Contribution
  • Health and Welfare
 
Cognizant has significant maintenance and development expertise in third-party products, tools, and solution sets, some of which include SunGard OmniPlus and Wystar.
Tower Group® estimates Derivatives-related IT budgets at sell-side firms are growing at 12-15% annually, compared with 3-5% for Equities and Fixed Income.