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Cognizant - Transforming Managed Services in Banking

Vendor Analysis

by Andy Efstathiou

published on Aug 25, 2020

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Report Overview:

This NelsonHall assessment analyzes Cognizant's offerings and capabilities in Transforming Managed Services in Banking.

Who is this Report for:

NelsonHall’s Transforming Managed Services in Banking Vendor Assessment for Cognizant is a comprehensive assessment of Cognizant’s Managed Services in Banking offerings and capabilities designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of managed services processes and identifying vendor suitability for Managed Services 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 managed services offerings, capabilities, and market and financial strength, including:

  • Identification of the company’s strategy, emphases 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 key service components
  • Analysis of the company’s delivery organization including the location of delivery locations.

Key Findings & Highlights:

Cognizant has been delivering managed services for banking clients as part Cognizant is a global services vendor. Its financial services practice delivers services to clients, including:

  • 17 of the top 20 North America financial institutions
  • 10 of the top 10 European banks

Cognizant started servicing financial services clients 25 years ago when it began working with its first non-D&B client, a vendor of merchant card processing services.

Cognizant has grown its managed services capabilities in part by acquisition. Key acquisitions include:

  • Odecee (November 2014): Australian enterprise application services
  • KIS Information Services (December 2016): German services vendor
  • Contino (October 2019): Enterprise DevOps and Cloud Transformation Consultancy
  • Samlink (April 2019) : European developer and IT solutions provider
  • Meritsoft (March 2019): An award winning fintech innovator in post-trade processing
  • Softvision (November 2018): A digital engineering and consulting company focused on agile development of innovative software solutions and platforms.

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