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BANKING & FINANCIAL SERVICES

Keeping a Bank Running and Compliant

The Challenge

In an industry where customer data must remain safe, it’s critical for banks to comply with industry-mandated regulations.

A leading European bank with a global presence operates in a complex business landscape spanning multiple systems and interfaces. The bank needed a quality assurance (QA) partner to deliver domain-centric testing to ensure regulatory compliance for its wealth management system.

Our Approach

Cognizant used a business process-based testing approach overlaid with regulatory requirements. Our community of domain and technology experts created end-to-end automation using Cognizant methodologies to speed up application readiness for audit purposes.

An Accelerated QA Process for Assured Compliance

Cognizant helped the bank achieve successful audit clearance with no disruptions to its business operations. The project won the FSTech Award 2016 for “Best Compliance Project” of the year, demonstrating our ability to deliver business assurance in a highly regulated environment.

Faster

audit clearance for the bank

>90%

automation coverage led to reduced test cycle times, from weeks to days

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