- Axis Bank customers will get an amazing experience!
- Signed a big deal with Cognizant
- See what will change in the banking system?
Axis Bank Cognizant Partnership : Cognizant, a leading AI builder and technology services provider, and Axis Bank, India's largest private sector bank, announced the successful implementation and go-live of Cognizant's Application Management Services under its AMS 2.0 initiative to the bank's stakeholders. (Axis Bank Cognizant Partnership)
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AMS 2.0 is a structured and collaborative initiative designed to strengthen delivery governance, improve operational consistency and accelerate the adoption of automation in application support services. This model, developed on automation-based methods, facilitates productivity, scalability and standardized processes with special emphasis on governance, compliance and operational discipline, while also aiming to improve service reliability and cost efficiency.
Best experience to stakeholders on banking platforms
The AMS 2.0 initiative led by Axis Bank is a key pillar of the bank's comprehensive technology transformation journey. This collaboration underscores Axis Bank's strategic focus on building a scalable, stable and future-proof IT operating model that enables business growth, increases system reliability and delivers best-in-class stakeholder experience across key banking platforms.
Major business with Axis Bank
Under this five-year agreement, Cognizant is working closely with Axis Bank to support systems across key business segments, including branches and operations, cards, corporate banking and treasury, core platforms and payments, finance and accounting, retail and wholesale banking, data platforms and integration.
Cognizant worked very closely with the bank
Commenting on the collaboration, Avinash Raghavendra, Group Head, Information Technology and Retail Operations, Axis Bank said, “The implementation of AMS 2.0 is part of Axis Bank's efforts to create a more stable, scalable and automation-enabled operations model. Cognizant has worked closely with the bank during this transformation to support a complex application environment. We have developed applications to enhance operational effectiveness and meet the bank's evolving business and technology needs. We look forward to further collaboration with Cognizant under Management Services.”
Part of Axis Bank's AMS 2.0 initiative
Ganesh Iyer, President, Asia Pacific and Japan, Cognizant, said, “We are delighted to collaborate with Axis Bank as part of its AMS 2.0 initiative. Our teams are focused on responsible use of automation to meet the bank's application management needs, disciplined service delivery, governance-based operations and improving system stability and efficiency.”
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