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Banking & Financial Services
Build systems that build relationships
 
Cognizant offers a wide range of solutions in the Risk Management arena: Credit Risk, Operational Risk, and Market Risk. Our knowledge of theoretical quantitative financial research combined with practical software implementation experience in the Banking and Financial Services domain provides our clients with comprehensive Risk Management solutions.
 
Cognizant's experience in supporting Credit Risk Management (Basel-II Advanced IRB approach) projects covers the entire life cycle including:
 
  • Capturing client and transaction details
  • Automating and enforcing the integrity of rating methodologies
  • Streamlining initiation and approval, and monitor workflow
  • Maintaining and monitoring limits centrally, in real time
  • Extracting and storing transaction and external data from multiple sources
  • Enabling the computation engine to perform Basel-II computations
  • Generating pre-defined and ad-hoc reports
 
Cognizant's experience in supporting Operations Risk Management (Standardized and AMA approach) projects covers the entire life cycle including:
 
  • Designing of risk measurement frameworks (key risk indicators and controls)
  • Data capturing along multiple dimensions (such as event types and lines of business)
  • Data modeling and design of the capital calculation and attribution engine
  • Advanced reporting and scenario-analysis capabilities
 
Cognizant has assisted multiple leading North American and Continental banks in successfully rolling out these solutions, bank-wide.
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.