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Cognizant in the News

FinTech 100: Cognizant Debuts in FinTech Top 10; Cognizant CEO Talks to American Banker About the Company’s Differentiated Business Model

Moving up in the FinTech 100 rankings, Cognizant has made its debut in the FinTech Top 10 this year. Cognizant ranked 8th, up from the 12th place in 2011. The FinTech 100 is American Banker and Bank Technology News’ annual ranking of the top technology providers to financial services companies worldwide, based primarily on revenues in banking and financial services. The ranking is developed in conjunction with IDC Financial Insights.

“When we started the business 19 years ago, we saw a very large market opportunity ahead of us and made a conscious and deliberate effort to capture it,” Francisco D’Souza, Cognizant CEO, tells American Banker [please refer to page 8 of the slideshow]. “We’ve orchestrated and engineered growth into the business strategy of the company from day one. We created a financial model that lets us reinvest back into the business for long-term growth to make sure the products and services we offer our clients stay ahead of where our customers are and where the market is.”

D’Souza adds, “Our clients are always looking at the equation of, where in the world does the right combination of cost, capability, and talent exist to do a piece of work. In the IT portion of our business, the reality is there isn't enough talent in the U.S. and Western Europe to meet our clients' demands. The talent production in the U.S., if you look at the number of college graduates and so on, is not keeping up. Clients who want to remain competitive in the global market need to tap talent around the world. Our goal is to find the best talent in the world and bring that talent to bear on a particular problem. We encourage employees not just to give us ideas but to form teams to execute these ideas.”

In an article about the secrets of top tech bosses, the publication quotes D’Souza as saying, “Our model is to incubate very separately and then reintegrate back into the core business these new ideas once they’ve reached some degree of critical mass.”

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