Breakthrough solution maker for risk management & regulatory reporting for financial services, ‘COGNEXT ANALYTICS’, maintains to expand its industry partnerships to facilitate the reach of its regulatory technology offering. Cognext’s solution, combined with Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, through its most latest collaboration, would enable banks to meet the requirements of capital adequacy and capital computation as per BASEL III & IV norms.
Discussing about the same, Mr. Sandip Mukherjee, Co-Founder, Cognext, said “Innovation and differentiation are key at Cognext offerings. Finacle FinTech Connect provided us an opportunity to co-innovate along with Finacle, the leading digital banking solution. Going forward it will also help us in increasing our reach across the globe as a joint offering and opportunity to co-innovate continuously along with Finacle."
Takling about it, Mr. Venkataramana Gosavi, Senior Vice President & Global Head of Sales, Infosys Finacle said, “Over the years, our FinTech partnership program has helped us identify innovative solutions that complement Finacle and help us deliver additional value to clients. Risk and regulatory compliance are critical areas for banks across the globe. Our partnership with Cognext helps us bring a strong offering in this space.”
Cognext’s modular solution ‘Platform X' assets cutting-edge technology such as artificial intelligence, Big Data Hadoop, Apache spark and relational database, with optimum use of machine learning algorithms and AI to bring in speed, transparency, and efficiency in BASEL compliance.