SINGAPORE,
July 19, 2018 /PRNewswire/ --
Cognizant (Nasdaq: CTSH) announced a successful modernized
implementation of business processes and core banking systems for
Bank Julius Baer in its Asia Pacific region as part of a comprehensive
digital transformation.
Utilizing the industry leading Temenos T24 core banking
software platform and the Cognizant Banking and Financial Services
Amplify solution for core modernization, experts from the
Cognizant Digital Systems & Technology
practice were part of the redesign of Bank Julius Baer's core
systems, applications, business processes and customer interfaces
to automate and simplify transactions and modernize
operations.
A modern digital infrastructure also enables Bank Julius
Baer to more quickly expand its range of sophisticated and
customized wealth management products and services while improving
operational agility. Following the initial implementation in
the Asia Pacific region, the
platform has also been deployed in other regions
of the world.
"We are witnessing a fundamental shift in how our
customers prefer to engage with us and are deploying a business and
technology infrastructure that will allow us to provide a superior
experience," said Nic Dreckmann,
Chief Operating Officer and Member of the Executive Board,
Julius Baer. "Our shift to more
digital engagements, coupled with increasing regulatory reporting
obligations, is driving our biggest ever digital transformation
program. Cognizant's robust global financial services and digital
expertise has enabled us to make our vision a reality.
Cognizant was part of the team to successfully complete the entire
implementation and get us onto a new digital core banking
platform."
"Today's rapidly changing banking environment requires a
modern IT infrastructure in order for them to be more agile,
compete and seize the business benefits that digital technologies
like advanced analytics and AI enables," said
Jayajyoti Sengupta, Head, Asia
Pacific, Cognizant. "By reimagining the technology and
processes for Bank Julius Baer, we were able to implement a wholly
transformative solution spanning back-end processes to customer
experience that lays the foundation for growth."
About Bank Julius Baer
Julius Baer is the leading
Swiss private banking group, with a focus on servicing and advising
sophisticated private clients and a premium brand in global wealth
management. At the end of April 2018,
assets under management amounted to CHF 401 billion. Bank
Julius Baer & Co. Ltd., the
renowned Swiss private bank with origins dating back to 1890, is
the principal operating company of Julius Baer Group Ltd., whose
shares are listed on the SIX Swiss Exchange (ticker symbol: BAER)
and are included in the Swiss Market Index (SMI), comprising the 20
largest and most liquid Swiss stocks.
About Cognizant
Cognizant (Nasdaq: CTSH) is one of the world's leading
professional services companies, transforming clients' business,
operating and technology models for the digital era. Our unique
industry-based, consultative approach helps clients envision, build
and run more innovative and efficient businesses. Headquartered in
the U.S., Cognizant is ranked 195 on the Fortune 500 and is
consistently listed among the most admired companies in the world.
Learn how Cognizant helps clients lead with digital
at www.cognizant.com or follow
us @Cognizant
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SOURCE Cognizant