UK’s Financial Conduct Authority extends partnership with Cognizant
Technology consultancy renews 2011 contract with regulator to improve quality assurance and software development process. New deal to include increased automation
The UK’s Financial Conduct Authority (FCA) has signed a new deal with with Cognizant, extending a business relation that started in 2011. The technology consultancy will work with the regulator to enhance core applications and improve the quality assurance process.
The three year partnership agreement will expand the scope of the Cognizant’s work with the FCA, and will include: leveraging automation across the enterprise, driving agile best practice, supporting the use of analytics to make business decisions, upgrading core apps and developing and implementing new software.
“We are committed to helping the FCA meet its objective of ensuring that the financial markets are operating in a fair, honest, and effective manner,” said Vivek Daga, Vice President and Head of the United Kingdom and Ireland at Cognizant. “Cognizant will combine its deep understanding of the financial services industry and the UK regulatory landscape with proven expertise in digital systems and technology to deliver tangible outcomes for the FCA.”