Vendor Analysis
published on May 10, 2024
Report Overview:
This NelsonHall vendor assessment analyzes Cognizant's offerings and capabilities in wealth and asset management services
Who is this Report for:
NelsonHall’s ‘Transforming Wealth and Asset Management Services’ profile on Cognizant is a comprehensive assessment of Cognizant’s offerings and capabilities for the wealth and asset management sector, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of technology and operational services and identifying vendor suitability for wealth and asset management services in RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Cognizant’s BFS-focused wealth and asset management service offerings and capabilities and market and financial strength, including:
- Identification of the company’s strategy, offerings, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and Cognizant service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
Cognizant has delivered services to the W&A industry for over 15 years. It offers a comprehensive range of services that combine IT and operations services to transform and run client businesses. Cognizant has built its W&A services with a combination of acquisitions and partnerships. A core part of Cognizant’s capability enhancement strategy has been acquisition. Notable acquisitions supporting its W&A services business include:
- Client shared services facilities: this started with UBS India-based shared service operation in 2009
- CX: Zone, a U.K.-based digital services consultancy in 2017
- Cloud: Contino (DevOps, cloud and data transformation consultancy 2019) and NewSignature (Microsoft public cloud transformation 2020)
- Digital Engineering: DevBridge (software product engineering 2021) and Softvision (digital engineering and consulting 2018)
- Data: Inawisdom (artificial intelligence, machine learning, and data analytics consultancy 2020).
Cognizant has built a partner ecosystem to expand its engineering and solution capabilities. It goes to market with those partners to drive sales growth.