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RETHINK DIGITAL TO SIMPLIFY PROCESSES

Innovation to manage cost and compliance

8 weeks
Length of time it took our team to implement a new platform for a global investment bank’s intersystem reconciliation process.

Improving growth and client experience 

Simplifying processes helps do both. At Cognizant, we help investment banks ease the burden of legacy technology and create shared-service efficiencies. We’re a strategic partner to 6 of the 10 leading investment banks across the U.S. and Europe in their digital transformation.

PROOF POINT
Code deployment in 45 seconds—down from 15 days.

In partnership with Pivotal Software, our team refactored a legacy application to cloud-native architecture, enabling a major global bank to increase developer productivity and become more agile.

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YOUR CUSTOMERS’ NEEDS
Unlocking Digital Value
How do we make such a profound
impact
to our clients?

Cognizant engagements place equal emphasis on the three keys to digital success: Customer Experience, Business Process and Tech Infrastructure.

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It all starts with your customers.

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It all starts with your customers.

Unlocking real digital value and improving outcomes for your business means we must address their needs as well as the needs of your employees.

How do we do it?

01

By helping you build a Digital Business

Go beyond supporting business and advance it with smarter products, exceptional customer experiences and more efficient operations primed for transformative growth.

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02

A Digital Business with Digital Operations

Reimagine and create new digital processes that drive performance, deliver more humanized transactions and leverage automation, AI and scalable platforms.

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03

A Digital Business with Digital Operations powered by Digital Systems & Technology

Simplify, modernize and secure your IT backbone with integrated services and digital solutions that unlock value at scale and speed.

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Customized Business Solutions

We help our clients accelerate their Digital Business transformations as they move beyond a focus on cost efficiencies to driving top-line revenue growth.

Packaged Industry Solutions

To deliver immediate impact to the business, we offer proven solutions designed to tackle challenges your industry faces—generating cash flow you need to fund more complex initiatives.

Create value. Everywhere.

Operate in silos, without data and insights flowing out of the three areas above, and your initiatives will fail. Only by building a fused, holistic organization can you respond to customer needs and drive new growth.

01 Digital Business

Go beyond supporting business and advance it.

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02 Digital Operations

Reimagine and create new digital processes.

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03 Digital Systems & Technology

Simplify, modernize and secure your IT backbone.

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CAPITAL MARKETS ECOSYSTEM

Targeted solutions

Smart packaged solutions to transform for the digital age.

Data Integrity and Control

A cost-effective enterprise solution to rectify data discrepancies, chase missing data, and clear backlogs and reconciliation breaks.

Fees and Billing

Centrally store and digitize rate agreements so your bank can automate reconciliation and exception management. Generate analytics on global business functions and improve accuracy and transparency.

CCPA Services

The systems and processes you need to comply with the California Consumer Privacy Act (CCPA) when it takes effect on January 1, 2020.

Additional capabilities

  • AUTOMATED KYC REVIEW

    PERFORM ONBOARDING CHECKS FASTER

    Know Your Customer (KYC) reviews are often a tedious, time-consuming step in client onboarding. Analysts manually evaluate PDFs and require significant time to identify matches and qualify hits one at a time.

    Our analytics-based solution automates KYC reviews. It uses non-invasion pairwise comparisons that feed into R software. The solution leverages text mining algorithms for pairwise comparison analysis. It qualifies output into three categories by the amount of review effort needed.

  • SCALABLE GLOBAL PLATFORM FOR CASH SECURITIES

    REMOVE BOTTLENECKS, OPTIMIZE OPERATIONS

    Enable straight-through processing of settlements with minimal manual touch points to improve efficiency and meet evolving regulatory requirements. 

    Cognizant’s Scalable Global Platform includes: 

    • Use of Agile methodology employing SAFE (Scaled Agile Framework) for enterprises
    • Scalability that supports deployment across multiple entities, geographies and products
    • More accurate regulatory reporting and compliance
  • SMART RESEARCH SOLUTION

    DIFFERENTIATE YOUR INVESTMENT RESEARCH

    Our unified smart research framework uses big data, machine learning and web-scrapping to ensure your research stands out in the marketplace. 

    Our framework relies on machine learning/data management processes to collect, ingest, store and analyze data from multiple data sources including websites. Machine learning models analyze data and identify important topics and insights for reports. Insights are efficiently generated and distributed.

  • REGULATORY COMPLIANCE REPORTING

    ENSURE COMPLIANCE WITH NEW MIFID II REGULATIONS

    Complying with the European Union regulations can be complex. Our provisions for Markets in Financial Instruments Regulation, or MiFIR, and Markets in Financial Instruments Directive, or MiFID II, enhance market controls and increase transparency for financial instruments. 

    Cognizant’s MiFID Regulatory Compliance Reporting includes multiple asset classes across major workstreams covering all applications. Our solution validates front-to-back flows. It identifies and prioritizes flows according to business criticality. The solution also enables close collaboration among business teams. 

  • GLOBAL PROGRAM FOR ARCHITECTURE SIMPLIFICATION

    REDUCE BALANCE SHEET SIZE

    Cognizant’s Global Program for Architecture Simplification enables large entities to shrink the size of balance sheets and synergize across business lines to lower their IT portfolio’s total cost of ownership. 

    Key offerings include: 

    • Global design principles that focus on operational inefficiencies 
    • Strategic application architecture and end-state booking model to address operational risks 
    • Redesign of architecture to address regulatory issues and fill gaps identified in the front-to-back architecture review
  • BLOCKCHAIN SOLUTIONS

    TAP INTO REAL-WORLD DISTRIBUTED LEDGER APPLICATIONS

    At Cognizant, we’ve taken blockchain beyond the innovation lab and into our clients’ business processes.

    From tracking and transferring money or inventory to post-financial settlements and smart insurance contracts, blockchain’s potential to transform spans industries and applications.

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CAPITAL MARKETS LEADERSHIP

Get in touch

Mukund Rao

VP & Managing Partner, Capital Markets

James Burrows

Head of Capital Markets Platform Solutions