1. Originally developing from Equinox, a French management consulting boutique, Cognizant is now launching in
Switzerland Management Consulting expertise dedicated to help clients defining their strategy and transforming
their business operations, customer relationships and risk management capabilities. Since 2004, core expertise of
dedicated teams lay in banking, financial services and insurance.
Switzerland
Cognizant - Management Consulting capabilities
Cognizant Management Consulting capabilities are organized in 5 specialized practices to ensure strong business
knowledge and enable consultants getting a high level of expertise in order to deliver the best and to meet our
clients needs.
1
Snapshot 2016
In 2008, Cognizant (NASDAQ: CTSH), a leading provider of information technology, business process
services for financial industry, life sciences, healthcare and communications expanded its operations in
business consulting in order to widen its ability to add value for its clients.
Cognizant Business Consulting Focus on Management Consulting
12
Industries
+15%
Growth
8 000
Consultants
5
Practices
+20%
Growth
220
Consultants
In 2013, Equinox joined Cognizant to complete the consulting capabilities provided to banks, insurers
and asset managers. Cognizant clients now benefit from a global delivery network, innovative digital
transformation capabilities and access to a broad range of technology service and expertise.
Hohlstrasse 560
8048 Zürich, Switzerland
T. +41 (0)44 286 60 70
www.cognizant.com

2. 2
Cognizant Management Consulting
Hot topics & key credentials (1/2)
Switzerland
Hohlstrasse 560
8048 Zürich, Switzerland
T. +41 (0)44 286 60 70
www.cognizant.com
IFRS 9
After many years of development, the International Accounting Standards Board (IASB) has completed its project to
replace the IAS 39 “Financial instruments : Measurement and assessment “ with the IFRS 9 ‘Financial
instruments” standards. This standard represents an important reorganization of accounting rules which are
applicable to Financial instruments. A new financial asset classification approach is presented and the impairment
approach based on the incurred loss model is replaced by a more prospective model of expected losses.
The final version of IFRS 9 includes the three phases that contributed to the global thinking:
 Phase 1 : Classification and assessment of Financial instruments
 Phase 2 : Financial assets impairment
 Phase 3 : Hedge accounting (excluding macro coverage)
In addition to the assessment of its impact on P&L & balance sheet, companies will need to gather and analyze
additional new data required and make impacting changes to systems.
Basel III (NSFR, LCR & leverage ratio) & liquidity monitoring ratios
With the set-up of Basel III, the committee has enforced the set-up of two minimum standards, and a measure of bank
leveraging, aiming at promoting a more resilient banking sector:
Liquidity Coverage Ratio - LCR, developed in order to promote the short-term resilience of a bank’s liquidity risk
profile by ensuring that it has sufficient high-quality liquid assets (HQLA) to survive a significant stress scenario
Net Stable Funding Ratio - NSFR, developed in order to reduce funding risk over a longer time horizon by requiring
banks to fund their activities with stable sources of funding in order to mitigate the risk of future funding stress.
Leverage ratio- the leverage ratio is a risk independent indicator capturing the global leverage of a bank balance
sheet
In addition, the Committee has developed a set of liquidity risk monitoring tools to measure other dimensions of a
bank’s liquidity and funding risk profile, these tools are supplementary to both the LCR and the NSFR.
BCBS 239 & data quality
Following 2008 financial crisis, Basel Committee for Banking Supervision has launched a global thinking aiming at
fostering data quality in banks in order to improve capability to act sound decisions, both for banks senior
management and regulators.
Impacts are present at several levels and range from adaptation of IT systems to implementation of dedicated
Roles & Responsibilities governance framework aiming at improving data quality governance.
Initial deadline was set for January, 1st 2016. However, a global survey conducted by BCBS revealed that due to large
IT projects implied in compliance projects, most banks didn’t expect to comply by this date.
Large financial institutions have launched projects that are still ongoing. Cultural changes required are now
triggered. Benefits of the projects are expected in terms of data accuracy, timely production and risk coverage
comprehensiveness thus resulting in higher adaptability and improved response ability in crisis time.
PRIIPS
Linked to the huge wave of regulations fostering transparency and customer protection, PRIIPS will enter into force in
January 2017 for the major part of the investment products (except AIF and UCITS funds for which there is a 3 years
deferral period) distributed to retail clients.
The objectives of this structuring regulation are to:
• Establish uniform rules on transparency at European Union level which will apply to all participants in the
PRIIPs market and thereby enhance investor protection (so does MiFID 2)
• Set up a common shared standard for the Key Information Documents (KID) in a uniform fashion so as to be
able to harmonize their format and content
• Rebuild the confidence of retail investors in the financial market, in particular in the aftermath of the financial
crisis
Financial institutions and Insurance industries have to anticipate the impacts both in the creation of the KID by
retrieving the relevant data and performing accurate calculation / consolidation and in its distribution to the
distributors.
BNPP Wealth management
Gap analysis & 1st impact study
Crédit Agricole SA
Operational impacts & project strategy
CA Consumer Finance
PMO for global compliance project
Our experiences
Société Générale Newedge
Basel III liquidity framework set-up
Crédit Agricole SA
Re-engineering of prudential
consolidation system
BNP BGL
Global project for LCR
Our experiences
BNP Paribas Leasing Solutions
Compliance project Global PMO
Roles & responsibilities framework
Natixis
Data dictionary & governance
Société Générale – Crédit du Nord
Global project strategy definition
Our experiences
BNP Paribas Securities Services
MiFID 2 / PRIIPS project coordination
BNP Wealth Management
Assistance in the Investor Protection
Program aiming at implementing
MiFID 2, PRIIPS and local constraints
PRIIPS training sessions
Our experiences

3. 3
Cognizant Management Consulting
Hot topics & key credentials (2/2)
Switzerland
Hohlstrasse 560
8048 Zürich, Switzerland
T. +41 (0)44 286 60 70
www.cognizant.com
Wealth Management
Corporate & Investment Banking
Asset Servicing
Specialised Financing
Cognizant CMC is a first-rank partner for all major CIBs in Europe, accompanying their CEOs and COOs on their
strategy, organization and management issues. Our sustainable relationship with major BFSI actors provides us
with a comprehensive knowledge of their key business challenges and help us in aiming to:
• Contribute to developing innovation and building the bank of tomorrow
• Define and implement operational excellence levers
• Reinforce dynamic risk management policies
• Conduct core transformation programs within the Group Businesses
We have strong CIB sector and function specific capabilities spanning operational strategy (market analysis and
benchmarking, TOM, sourcing strategy, digital), regulatory and market changes (MiFID 2, PRIPS, T2S / SWIFT,
EMIR, AIFMD, UCITS, CSDR, MMSR for instance) and business and IT transformation (BPO, change
management, business integration, operational efficiency) across Financial Institutions’ business domains
BP2S and CIB ITO
CIB of Tomorrow industrialization
Program
Derivatives Execution & Clearing
Risk & regulatory compliance
programs : MiFID 2, IFRS 9, PRIIPS,
IFRS9, RADAR (BCBS 239)
Our experiences
Asset Servicing, encompassing Securities services and Asset management domains, is one of the key development
driver for Cognizant CMC in Europe. Our consultants have a strong expertise in accompanying custodian,
depositary banks, TA, fund administration and asset managers and are able to manage projects linked with securities
and fund services issues.
Asset servicers and market infrastructures are particularly impacted today by the current regulatory tsunami. Their
business models are indeed deeply questioned due to the rising change in the worldwide Financial services area.
We are supporting our clients in rethinking their business models in different domains:
• Funds: business development and new product creation / distribution, market study, regulatory alignment
(AIFMD, UCITS, S2) and implementation of new management practices to transform the business operating
models
• Securities: from settlement to custody, we are mainly focusing on 3 major stakes => Target 2 Securities
implementation and the European streamlining of Corporate Actions processes, CSDR and Liquidity management
models optimisation from sourcing to collateral management process
Regulatory expertise and market
infrastructure
CSDR, T2S, UCITS, EMIR, MMSR
TA or Custody migration
Process efficiency
Transformation programs
Our experiences
Leasing, factoring and consumer lending are key activities in financial industry. Products provided are highly
specific and are thus offered by companies focusing on unique business models. Differentiated risk appetite, use of
immaterial collateral and direct owning of goods make these companies quite different from traditional, well
established, banks. However, constraints resemble those faced by the industry as a whole:
 Ever tighter regulation framework
 Lower margins due to stiffer competition from new competitors expanding in specialised markets
 Necessity to reinvent business models & become first adopter of digitalization innovations
Cognizant Management Consulting has extensive experience & knowledge of specialised financing actors. It has
provided assistance not only to central functions such as Risk & Finance in their transformation projects but also to
business networks & operations.
Natixis Factor
Opportunity analysis for Standard vs
Advanced credit risk approach
Leasing Activiy
Review of the provisionning
framework
Consumer finance
Outsourcing strategy deployment &
definition of KPI for SLA
Our experiences
Private Bankers, whether pure-player or part of a larger network, are for some years now not only undergoing strong
market pressure due to increased competition but also increased regulatory activity resulting in more regulations
and scrutiny. These trends drove banks to focus their projects on 1) compliance with new regulatory texts, 2) cost
optimization.
With regards to these two axis, Cognizant Management Consulting regulatory expertise & deep business
knowledge is a natural key partner to accompany clients in their transformation projects. Our internal workshops &
initiatives such « Digital Lab » make sure we remain constantly aware of markets innovation & new constraints.
Our Wealth Management capabilities are centered around three key axis:
 Facing the regulatory tsunami
 Leading large transformation program & global sourcing strategies
 Setting the pace Private Banking digitalization
French mutual bank
Target Operating Mutual for low cost
savings products offering
Large European bank
Client Investment report application
Large Mutual bank
Set-up of Advisory services
Our experiences

4. We have developed strong sector and function specific competencies covering operational strategy, regulatory
and transformational changes across multiple activities and business domains. This makes us uniquely
positioned to assist our Clients throughout their transformation journey.
4
Our Swiss-dedicated experts provide Management Consulting services to leading financial institutions
across all segments of financial industry (banking sector, asset management & insurance). We help our
clients to address their key business and regulatory challenges, in an ever competitive and innovating
environment. Our combination of deep industry knowledge, skills and experience allow us to drive client’s
business changes successfully by providing unique and adapted solutions to their positioning.
Cognizant Management Consulting
Swiss Capabilities
Switzerland
Facing regulatory changes Support business transformation
Detect business opportunities, sharpen
organization, prepare for next steps
Target operating model definition
Create new experiences for customers &
streamline internal processes
Digitalization
Improve cost/efficiency ratio along business
lines and functions
Processes efficiency and reliability
Make strategic decisions for out, near & in-
sourcing
Sourcing strategy
Arrange success of your projects through
dedicated assistance
Change management
Key contacts
Audrey MIGUEL
Partner
Finance & Risk Management
T. +33 (0)6 11 81 11 54
@ amiguel@equinox-cognizant.com
Romain MALOUVIER
Associate Director
Capital Markets
T. +41 (0)79 397 65 30
@ romain.malouvier@cognizant.com
Alrick DUPUIS
Senior Manager
Risk Management
T. +41 (0)79 214 87 56
@ alrick.dupuis@cognizant.com
Hohlstrasse 560
8048 Zürich, Switzerland
T. +41 (0)44 286 60 70
www.cognizant.com