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SIMPLIFY PROCESSES

Step up to today’s technologies

Step up to today’s technologies

8 weeks
to implement a new platform for a global investment bank’s entire 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
Improve data integrity and control

Discover how a global investment bank modernized its reconciliations and control standards to reduce the time to onboard new controls.

READ THE CASE STUDY
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.

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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.

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CCPA Services

Prepare for the systems and processes you need to comply with the California Consumer Privacy Act (CCPA).

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SHOWCASE

Featured work

BANKING

DevOps Website Solution Eliminates Errors and Improves Time to Market

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    The Challenge

    As part of a multi-year digital transformation and cost-reduction effort, one of the world’s largest U.S.-based financial services organizations wanted to automate the deployment of new configurations to its multiple customer-facing credit card websites. One major challenge: managing and supporting changes to these sites. The company asked Cognizant to develop a solution for Akamai, its third-party content delivery network provider, to improve the performance and availability of its sites. The ultimate goals: Improve time to market, reduce errors and lower costs.

    Our Approach

    Cognizant's banking tech experts identified challenges in the system and proposed a solution that leverages application programming interfaces (APIs) using configuration as code principles to automate development and deployment through continuous integration/continuous development (CICD). We developed an orchestration layer on top of Akamai’s API that integrates with the company’s CICD tools to create a template that would work across all three environments.

    Instead of managing quality assurance (QA) and production configurations annually through the Akamai portal, the orchestration layer enables Cognizant to move configurations from development to QA to production, testing and making changes only in the development environment. This eliminates the need to repeat testing and make changes in QA and production—without duplicating effort, defects or manual errors.

    Configuration Template Works Across All Environments

    With a new DevOps content delivery solution in place, the company’s application teams can now quickly make changes, test and deploy configurations with confidence, knowing that the deployment will go smoothly and lead to greater customer satisfaction.

    75%

    faster time to market

    60%

    reduction in manual effort

    $500,000

    savings in cost of changes

Discover the Three Must-Dos of AI for Financial Institutions

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THOUGHT LEADERSHIP

Latest thinking

Why Faster Growing Firms Lead the AI Race
Outperformers in financial services are AI optimists, take ethics seriously and rely on a mix of sourcing options.
READ MORE
The Digital Leadership Gap
Learn how competition, work and society are influencing the future of leadership according to our study with MIT Sloan Management Review.
READ MORE

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CAPITAL MARKETS MANAGEMENT

Leadership

Jerome Dumaine

Vice President, BFS, Global Capital Markets Strategy and Solutions
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