Cognizant Business Consulting
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
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  • Working to reshape business models, modernize products and enhance customer experiences to drive growth.
  • Reinventing and managing your most essential business processes with new ways of working.
  • Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business.
Cognizant Business Consulting
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More

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Helping financial services companies transform operating models while identifying new growth channels.

Cognizant’s Banking and Financial Services BPS practice leverages process, industry and technical knowledge to offer end-to-end solutions. Our solutions are driven by significant investments in emerging trends such as collaboration platforms, business analytics, customer experience management and utility model-based operational transformation. We have the expertise to help banks and financial institutions comply with regulations, improve time-to-market and reduce costs through better operational efficiency.                 

OFFERINGS

Investment Banking and Brokerage Solutions

Cognizant has strong capability across transactional and high-end strategic processes within Investment Banking functions. Cognizant Investment Banking BPS supports Investment Banks, Brokerage Houses and Financial Services companies across Equity, Fixed Income, OTC Derivatives, Foreign Exchange and Commodities. 

Scale of Operations:

  • Service offerings range from client onboarding, margin & collateral management, confirmations & settlements, reconciliations and reporting, cash management to valuation & dispute management, prime brokerage, risk & compliance, product control, global network management and creative & design services.
  • One of the largest outsourced third party IB Finance/ Product Control engagements.
  • Utilities created for key functions like reconciliations, data management and confirmations and settlements.
  • Services conform to regulations prescribed by bodies like FINRA, FSA, BAFIN, SEC, SFC, MAS, FED Reserve and FINMA.

Investment Management

Cognizant has deep domain–specific Investment Management BPS capabilities. Our Investment Management practice services Investment Managers, Wealth Managers, Investment Banks, Private Banks and Pension Trusts across traditional and alternative investment classes for direct funds as well as fund of funds.

Scale of Operations:

  • Service offerings span across fund administration, trade capture and enrichment, financial consolidation, performance attribution reporting, pricing & valuation, corporate actions, reconciliations and reporting, research and compliance, reference data management, client onboarding and cash and treasury support.
  • Asset Classes and Fund Types Supported include: Equities, Bonds, UIT’s, Structured Products, Rights & Warrants, Collateralized Debts, Options, Commodities, Direct Funds, Closed-end Mutual Funds, Fund of Funds, Hedge Funds, Mutual Funds, REITs and Pension Funds.

Wealth Management

Cognizant has deep expertise in Wealth Management BPS operations and supports back office services globally. Our BPS group services Bank branches, Financial Advisors, HNIs & UHNM, Home Office, Service Groups, Trading Desk and Contra Brokers across a complex spectrum of Wealth Management operations.

Scale of Operations:

  • We offer end-to-end services spanning research and analytics, trade clearing and settlements, corporate actions, client onboarding, account transfers, performance measurement and attribution, client reporting and reconciliations functions alongside branch operations support.
  • We have significant experience across asset classes and products (Equities, Bonds, Closed-end Mutual funds, Retirement Accounts, Alternative Investments, UIT’s, Structured Products, Rights & Warrants, Collateralized Debts, Options and Commodities).
  • Corporate Action for Domestic and International markets on all functions (income processing, reorganization, bond redemption, physical processing, proxy and class action, non-expiring voluntary events, financial reporting and controlling).
  • US Domestic pre & post settlements functions for Fixed Income & Equity products.

Lending Operations

Cognizant’s lending BPS practice has experience in performing activities across the value chain. We service a variety of clients including originators, servicers, banks, credit unions, brokers, realtors, appraisers and title companies.

Scale of Operations:

  • Our end-to-end service offerings span origination, servicing, default management and specialized services to provide processing and transformation support.
    • Origination including support for application processing, underwriting, closing and post-closing audits.
    • Servicing and default management including support for escrow administration, loss mitigation, bankruptcy, foreclosure, REO and claims processing.
    • Specialized services including support for flood, appraisal, valuation and field services.
  • Exposure to various loan types including residential, commercial, auto, student and consumer.
  • Experience on industry leading platforms including Dorado, Fiserv, Encompass, MSP, Unifi, Capstone, ARGO and ACBS. 

Resources

Reimagine Your Asset and Wealth Management functions for modernized operating models

Learn about how our practice is built on a foundation of process, industry and technology expertise. We help drive enterprise transformation of investment management processes and lower costs of fund administration.                         

Change-The-Bank initiatives drive controls, optimize processes and create an agile operating model

Reducing cost-per-trade and improving STP rates continue to be on the agenda for bank executives. Learn about Change The Bank—how clients focus on operational efficiency through global delivery models.                         

BPS Solutions for Banking and Financial Services | Cognizant Technology Solutions