Cognizant Among Top 5 Global Financial Technology Providers on FinTech 100

  Cognizant Among Top 5 Global Financial Technology Providers on FinTech 100

  PR Newswire

  TEANECK, New Jersey, Nov. 8, 2013

-- American Banker, Bank Technology News, and IDC Financial Insights Honor
Cognizant for Eighth Consecutive Year Since FinTech 100 Debut

TEANECK, New Jersey, Nov. 8, 2013 /PRNewswire/ -- Cognizant (NASDAQ: CTSH)
today announced it has ranked fifth on the FinTech 100, an annual
international ranking of the top technology providers to financial services
companies worldwide as named by American Banker, Bank Technology News, and IDC
Financial Insights. This marks the eighth consecutive year Cognizant has been
on the FinTech 100 since the ranking's debut in 2006.

The FinTech 100 represents an elite group of companies that derive at least 33
percent of their revenue from the financial services industry. Developed by
American Banker and Bank Technology News in conjunction with Financial
Insights, an IDC company, the ranking is categorized and evaluated based on
2012 calendar year-end revenues and the percentage of revenues exclusively
attributed to financial services. Financial Services is one of the key
industry sectors served by Cognizant and represented 41.3 percent of
Cognizant's revenue in calendar year 2012.

"Our success in the financial services industry is built on our passion to
help the world's leading financial services companies challenge the status quo
and make sure they stay relevant in the marketplace and their business models
viable for the future," said Rajeev Mehta, Group Chief Executive, Industries
and Markets, Cognizant. "Financial services companies must increasingly
transform themselves in the face of regulatory demands, intensifying
competitive pressures, game-changing technologies such as social, mobile,
analytics and cloud (SMAC), and a new generation of Millennial customers. Our
continuous investment in strong client relationships, global services delivery
excellence, industry-specific capabilities, and deep technology expertise
positions us well to conceptualize, architect, and implement new and expanded
capabilities for our clients. By enabling them to enhance customer experience,
increase revenue, improve products and services, expand market share, and
adopt variable cost structures, we help them 'run better' and 'run
different'."

For more information about the rankings, visit
http://www.idc-fi.com/services/fintech100.jsp . To view the FinTech Special
report, visit http://www.americanbanker.com/fintech100/ .

About Cognizant's Financial Services Practice

Cognizant's Financial Services practice, which includes banking, insurance,
and transaction processing, is the company's largest industry segment, serving
leading financial institutions and insurers in North America, Europe, and
Asia-Pacific. Current clients include nine of the top-15 North American
financial institutions, all 10 of the top-10 European banks, and seven of the
top-10 global insurers. The practice leverages Cognizant's deep domain and
consulting expertise to provide solutions across the entire financial services
spectrum. These next-generation solutions create new capabilities for clients
while also mitigating risks; complying with regulations; capitalizing on new
business opportunities; and driving efficiency, effectiveness, innovation, and
virtualization across many lines of business. The practice supports retail and
commercial banks, diversified financial enterprises, investment banks,
brokerage firms, asset management firms, depositories, exchanges, property and
casualty insurers, life insurers, reinsurance firms, and insurance brokers.

About Cognizant

Cognizant (NASDAQ: CTSH) is a leading provider of information technology,
consulting, and business process outsourcing services, dedicated to helping
the world's leading companies build stronger businesses. Headquartered in
Teaneck, New Jersey (U.S.), Cognizant combines a passion for client
satisfaction, technology innovation, deep industry and business process
expertise, and a global, collaborative workforce that embodies the future of
work. With over 50 delivery centers worldwide and approximately 166,400
employees as of September 30, 2013, Cognizant is a member of the NASDAQ-100,
the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among
the top performing and fastest growing companies in the world. Visit us online
at www.cognizant.com or follow us on Twitter: Cognizant.

Forward-Looking Statements

This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, the accuracy of which are
necessarily subject to risks, uncertainties, and assumptions as to future
events that may not prove to be accurate. Factors that could cause actual
results to differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent Form 10-K and
other filings with the Securities and Exchange Commission. Cognizant
undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.

Website: http://www.cognizant.com/
Contact: U.S.: Barbara Ruane, Text100, +1-212-871-3929, barbarar@text100.com,
Europe: Grazia Valentino-Boschi, + 33 (0)6 07 85 80 63,
grazia.valentino-boschi@cognizant.com, or Asia-Pac: Harsh Kabra,
+91-855-188-2111, harsh.kabra@cognizant.com
 
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