Cognizant's Prasad Chintamaneni discusses the future of Banking and Financial Services
To say Prasad Chintamaneni, President and Global head of the Banking & Financial Services practice at Cognizant, is bullish on the future of the sector would be an understatement. Chintamaneni, who has some 900 consultants at his disposal, sat down recently with Consulting magazine to talk about the market, its overall potential and the digital transformation of the financial services industry.
Consulting: Where does the Banking & Financial Services practice stand right now?
Chintamaneni: At Cognizant, we combine Banking & Financial Services with Insurance. So, BFSI, as we call it, is about 42 percent of our total revenue, with Banking and FS making up most of that. That's significant. It is truly global and we work with many of the marquee clients in the sector, serving most of the Top 10. We do a lot of work in North America, but we also have a significant practice in Europe and increasingly we are doing more and more in Asia Pacific and Latin America. Most of the work is our bread-and-butter technology services business—application development, application management, application maintenance, as well as some of the more horizontal advisory services, as well.
