MDM in a box from Cognizant

BPO and consulting specialist Cognizant is showing its new Master Data Management in a box solution at MEFX, to help the region's financial sector tackle what its says is one of the biggest operational challenges facing the sector today.

Tags: Cognizant Technology SolutionsUnited Arab Emirates
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By  ITP.net Staff Writer Published  October 18, 2009

BPO and consulting specialist Cognizant is showing its new Master Data Management in a box solution at MEFX, to help the region's financial sector tackle what its says is one of the biggest operational challenges facing the sector today.

The company says it has developed MDM-in-a-Box as a rapid deployment solution catering to key requirements for business and IT. MDM-in-a-Box follows a modular, use-case based approach to technology areas that address key concerns and apprehensions.

The process of Master Data Management, where an organisation seeks to control and co-ordinate core non-transactional data across multiple silos is a major challenge, with as many as six out of ten MDM programs struggling to get past intial stages.

MDM-in-a-Box for Banking allows for consolidation of customer's data through a BFS-specific data model and hierarchy management to enable KYC, AML, Payments and other services. This allows for a single customer and account view across multiple business unit and application silos to enable enterprise services to customers.

The solution is intended to dispell the idea that Master Data Management projects need to be complex and expensive, multi-year initiatives, and to enable swift completion of MDM by offering a fast deployment and according to the company.

Cognizant is also using its appearance at MEFX to create create awareness among consumers about its value-added IT, BPO and consulting services and the key differentiators that it says set it apart from competitors, including strong investment in territories such as Asia Pacific and the Middle East.

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