New Report Highlights Cognizant's Strengths in
Automation, Analytics, and Consulting to Support Financial Services
Clients
TEANECK,
N.J., April 12, 2023 /PRNewswire/ -- Cognizant
(NASDAQ: CTSH) announced it has been recognized as a leading
provider of Capital Markets Operations by independent analyst firm
Everest Group. The firm assessed 23 capital markets service
providers based on client feedback, technology capabilities, and
services offered – identifying Cognizant as a Leader in its field
and highlighting the company's balanced portfolio, global
footprint, and technology innovation.
Everest Group's new report provides insight into four key areas
of capital markets operations: Pre-Trade, Trade, Post-Trade, and
Risk and Regulatory Management. Cognizant was recognized for its
strength in technology, supported by internal investments,
establishment of offshore and nearshore delivery centers, and the
addition of new partnerships to diversify its capabilities and
expand its segment-specific offerings. Cognizant's analytics, its
integration of capital markets operations with intelligent process
automation (IPA), and its consulting-led approach to client
engagement were cited by the analyst as key contributors to the
company's Leader status.
Cognizant has received a number of recognitions in recent years
related to its capital markets operations, IPA, and post-trade
services. With over 6,000 of Cognizant's associates currently
focused on capital markets globally, its core industry services,
IPA, and BPaaS and platform solutions have helped financial
institutions better manage reporting, improve operations, and meet
regulatory demands. Additionally, with Cognizant's consulting
services, expansive partnerships, and onsite support, the company
is helping financial services clients weather recent uncertainty
amid global financial markets.
"With the industry adjusting to talent shortage and facing
recessionary headwinds, enterprises are seeking to make their
operations more robust and cost-effective by automating trade
processes and adopting an optimal shoring mix," said Suman
Upardrasta, Vice President, Everest Group. "With its consulting-led
approach, intelligent automation offerings across the trade
lifecycle, and flexible delivery models, Cognizant has been able to
establish itself as a transformation partner. Its ability to
maintain a notable market presence across major capital markets
segments by banking on these capabilities has enabled it to achieve
a Leader recognition in Everest Group's Capital Markets Operations
PEAK Matrix® Assessment 2023."
"With the current inflationary and recessionary market,
financial institutions are adopting new technologies to better
support customer engagement and new government regulations,
including the move to T+1," said Meera
Krishnamurthy, SVP and Head of Cognizant Americas Banking,
Financial Services and Insurance. "Cognizant's clients know they
can depend on our guidance, technology capabilities, and
back-office support to help them modernize their operations, reduce
cost pressures, and provide the experiences the newest generation
of customers demand. We are pleased to see Everest Group's research
acknowledge our strength in capital markets operations and the
value our banking and financial services provide our clients every
day."
Learn more: Cognizant's Banking Technology
Solutions
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help
our clients modernize technology, reimagine processes and transform
experiences so they can stay ahead in our fast-changing world.
Together, we're improving everyday life. See how at
www.cognizant.com or @cognizant.
For more
information, contact:
|
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Cognizant
U.S.
Josh
Blumenthal
joshua.blumenthal@Cognizant.com
Cognizant
India
Rashmi
Vasisht
rashmi.vasisht@Cognizant.com
Cognizant Europe /
APAC
Christina
Schneider
christina.schneider@cognizant.com
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SOURCE Cognizant