Industries
Capital markets
Business process services
Modern AI-integrated
global business
operations
We believe the future belongs to the modern enterprise that embraces AI-integrated business operations—a business that can anticipate and act instantly to boldly seize opportunities amid rapid change.
Intuitive experiences, game-changing efficiency and innovation
As leaders in next-gen business process services and automation solutions, we partner with our clients to build modern operations that are fast, efficient and human-centered—solutions that help drive a competitive advantage. We use technology, data and digital disruptor plays, as well as new commercial models and co-innovation to deliver higher productivity, increased revenue and intuitive experiences for customers and employees.
Artificial Intelligence icon Rising above uncertainty The ability to strategically reduce costs and invest in new revenue streams is extremely valuable in volatile times.
The implementation of modern operations enables businesses to act with insight and speed—to predict trends, identify new growth areas and balance efficiency with innovation.
RVT Groups Data Integrity and Control
Modernizing and integrating systems to ensure data quality, compliance and trust Data integrity is the lifeblood of financial institutions. It provides the means to keep up with changing regulations, maintain trust with clients and compete in a tightening market. To achieve true data integrity, organizations must empower the back office to take on the growing volume and complexity of trade and transactional data, as well as move beyond fragmented legacy systems and time-consuming manual reporting and reconciliation processes.
Leverage the expertise, services and partnerships of Cognizant® Data Integrity and Control to reimagine post-trade through:
- Multiple engagement models.
- Seamless data integration.
- Data migration capabilities.
- Advanced automation and analytics for real-time controls and compliance.
- Rigorous enterprise-wide data integrity.
Automate complex reconciliation
Perform reliable reconciliations in days and identify potential operational errors and risk.
Reimagine processes
Gain a new perspective on processes through controls-as-a-service and redesign of post-trade services
Build customer trust
Enable reliable systems and protocols that evolve with the market.
RVT Groups Fees and Billing
Managed services and process automation for proactive expense management
Financial institutions execute millions of trades a day—and generate millions of broker, exchange and custodian fees. Many still rely on manual settlement processes and legacy technology.
By centrally storing and digitizing all rate agreements, Cognizant® Fees and Billing enables your bank to automate reconciliation and exception management. You also gain the ability to generate analytics on global business functions. The result is more holistic management, and improved accuracy and transparency. Cognizant Fees and Billing, with the acquisition of Cognizant’s partner, Meritsoft, provides banking clients with a fully integrated managed service featuring intelligent automation software. This powerful capability enables Cognizant to work with your team to redefine the way you inventory, validate, settle and optimize fees.
Automation and scalability
Our automation capabilities provide auditability as well as the stability and scalability to ensure your organization can fulfill your fiduciary and compliance responsibilities.
Lower operating costs
Bring together disparate data sources to generate insights to identify optimization opportunities. Shift processes toward automation to lower operating costs and drive efficiency.
Front-to-back offering
CSDR introduces greater need for control and efficiency across front-to-back settlements. Our Meritsoft solution provides a fully integrated, managed service featuring intelligent automation software.
Flexible engagement models
Create a plan for managed services that suits your digital transformation priorities and goals.
Improved business focus
Improved business focus
Our platform’s support for the commoditized elements of the brokerage process frees your bank to focus on strategic business issues.
Future-foreward technology
Reducing time-consuming, manual work enables your back office to take advantage of new technology developments.
Featured work
Operational costs drop $8.6M business associates discussing work over tablet
The challenge
A global investment bank needed to overhaul its intersystem reconciliation process and control standards to meet stringent new regulatory requirements and reduce the time to onboard new controls. The bank’s in-house legacy tool for intersystem controls extracted data from 4,000 sources and was often inconsistent, duplicative and unreliable. In addition, the platform’s hardware and software were nearing end of life, and the platform itself was neither optimized to meet new regulatory mandates nor reconcile data in real time. The bank turned to Cognizant, its long-time capital markets platform partner and the 1,500-strong team at our Reconciliation Center of Excellence for a modern solution that would help overcome its challenges.
Our approach
Having worked with the bank for over a decade, we are extremely familiar with the existing intersystem reconciliation platform and its limitations. Based on our expertise in reconciliations, we compared the top reconciliation platform providers on eight key parameters: end-of-life risk, operation risk reduction, performance and volume capacity, intraday capability, time to market, migration costs, operating costs and intersystem functionality. We helped the bank identify the best-in-class platform, selecting Gresham’s Clareti Transaction Control (CTC) for its flexibility, innovative technology and real-time capabilities. Cognizant implemented the CTC platform in eight weeks and worked closely with Gresham to improve the bank’s control environment. We built nearly 500 new controls and reconciliations, and deployed the enterprise-wide solution across geographies, asset classes and business units. To ensure that mission-critical data was complete, accurate and consistent, we designed the platform to meet all key regulatory requirements for risk and data management.
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- Capital Markets.
Partnership paves the way for robust reconciliation solution
The rapid migration from a series of point-to-point legacy solutions to a holistic, modern solution helped the bank improve its data integrity while also ensuring regulatory compliance and enhancing its risk profile and visibility. Now, the bank’s users can enable 70 new controls per month instead of the five to 10 controls possible prior to implementation, saving the bank $8.6 million and reducing the cost per control by nearly half. At the same time, the quality of reconciliations improved significantly. The solution eliminated several manual processes, optimized operations by 60 percent and improved the age profile by 70 percent while enabling the bank to handle all transactions using the centralized system. Moreover, Cognizant’s partnership with Gresham enables us to provide ongoing managed services that address the bank’s complete reconciliations needs—from operations to technology.
Finance and accounting
Leading finance and accounting (F&A) organizations can achieve business outcomes amid disruption through adaptive solutions tailored to the business. A modern F&A organization is enriched through intelligent decision-making, automation of business processes and highly experienced global talent that together deliver agility, scalability and resiliency. Cognizant provides AI-integrated F&A solutions that drive better business decision-making using analytics and insights while enabling rapid technology and process integration from mergers and acquisitions.
Orchestrate value realization
Digital Finance & Accounting services provides you with modern capabilities and insights the business demands while optimizing your existing investments and integrating key processes, expertise, systems and analytics. From streamlining your workflows to making financial intelligence available on demand, we digitally transform finance and accounting into a value generator for your organization. Associate looking at printouts and chart on laptop What we deliver Insight-driven operational excellence Modern operations with flexible operating models and innovative technology platforms help F&A organizations create new value in today’s changing business environment. Accelerated return on investment Realize the full potential of investments in digital technologies and automation at scale. Empowered employees Analytics and intelligence-enabled decision-making provide employees with the time and insights needed for better stakeholder experiences and innovation.
RVT Groups client onboarding
Deliver personalized wealth management with efficiency and scale.
To our way of thinking, onboarding is much more than an operational event. It sets the tone for your client relationships. Cognizant Client Onboarding takes a holistic view towards client engagement and data collection, as well as information delivery, notification and activation.
RVT Groups Client Onboarding for wealth management includes:
Use of our design-thinking approach to create convenient, efficient experiences An end-to-end operating model for client, advisor and operations, so your organization digitally engages and services new clients and accounts Omnichannel collaboration to provide transparency and maximize client/advisor experience while meeting onboarding goals that drive business value.
Take the first step
Serving customers by looking forward as well as back is a big promise, but the power of today’s new digital capabilities is vast and growing.
Let’s talk about how automotive digital solutions can work for your business.