| Cognizant works with some of the world's largest financial services institutions. Our BPO offerings for the commercial banking industry include: |
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- New Account Processing,
covering banking, trade, loans, and
credit cards across applications processing,
account opening, documentation, and
funding. We focus on regulatory requirements
including KYC, Anti Money Laundering,
and OFAC. We also have the tools to
reduce damages due to incomplete or
inadequate documentation applications.
- Transaction Processing,
covering payment processing, fund transfer
banking transactions, and mortgage investor
services.
- Account Monitoring
covering collateral management, unapplied
cash, credit balances analysis, account
reconciliation, and overdraft monitoring
- Reconciliation across
receivables, unallocated payments, and
credit balances
- Customer Support
covering issue resolution, loan or balance
servicing, credit line revisions, and
investment broker support.
- Collections covering
bankruptcy management, risk analysis,
and data analytics.
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- New Account Processing,
covering input validation, verification
against checklists, and account creation
delivered to regulations (such as KYC,
Anti Money Laundering, and OFAC).
- Transaction Processing,
including corporate actions processing,
transfer agency, settlement, and benefits
processing.
- Reference Data Management,
covering entity data (customer, counterparty,
and organization data), instrument (product,
market, and securities), and account
data.
- Reconciliation and Repairs
across position recon, trade recon,
cash recon and Nostro/Vostro recon.
- Fund Administration (Fund
Accounting) across pricing
(NAV computations) and report generation
(including investor reports, board reporting,
statutory reporting, income and expense
processing, and computation of management
fees).
- Performance Reporting
across investor reporting and internal
reporting (including sector, instrument,
and portfolio manager performance).
These processes include generation of
monthly statements, yearly tax statements,
and regulatory reports.
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| Cognizant is the leader in providing vertical industry-specific BPO solutions. |
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