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Banking & Financial Services
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Home > Solutions > Banking & Financial Services > Security Services
 
Security Services

Some of the largest global Custody players have chosen Cognizant to partner with them in managing and optimizing their IT portfolios. Currently, three of the top ten global Custodians are our clients and each of these relationships has grown with us, a testimony to our strong business and technology skills and delivery focus.

 
The functional areas within the Custody business where we have helped our clients reduce Total Cost of Ownership of IT systems and improve productivity are:
 
  • Core Custody Systems
  • Securities Lending
  • Corporate Actions Processing
  • Cash Processing
  • Investment Accounting and Reporting
  • Post Trade Compliance
 

Cognizant has developed in-depth understanding of the Clearing and Settlement processes for different global markets. We have extensive experience in all aspects of post-trade workflows leading to clearing and settlement. We also have a thorough understanding of the entire Transition Lifecycle from a business as well as a technology perspective.

Cognizant has significant maintenance and development expertise in various third-party tools and solution sets. This includes SunGard products, such as InvestOne and GlobalOne; Transaction Lifecycle Management tools, such as SSR and Heliograph; financial data integration and reporting tools, such as Eagle PACE and Apollo; and all industry standard messaging services, including SWIFT and FIX.
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.