“Leading players in the banking industry have made notable progress in key areas, such as modernisation of their core and personalisation of services. These are positive steps in the right direction, but the banking and capital markets industry as a whole still has a lot to do to build on these initial successes and continue on its modernisation journey.”

Services providers continue investing in cloud professional services businesses. Cognizant, an IT services company based in Teaneck, N.J., said last week it will acquire the professional services and application management practices of OneSource Virtual, a company that provides services around Workday's SaaS ERP platform.

Cognizant has appointed two new members to its executive committee leadership team. Ravi Kumar will join Cognizant as president of Cognizant Americas. The other appointment is that of Prasad Sankaran who will be joining Cognizant as the new head of the Software and Platform Engineering practice area.

John Kim, General Counsel at Cognizant, has been named one of the top 20 in-house legal leaders by Financial Times. Learn more about his philosophy on success and how that translates to Cognizant’s growth.

AI can be beneficial in advancing the future of life sciences as long as a human touch is used to respect ethics. With good governance and controls, AI will help the life sciences industry find insights for new therapies from its vast quantities of scientific research and clinical studies.