About Partner
Cognizant engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life.
About Partnership
Solutions
Cognizant Smart Reimbursement Framework: Conquer APP Fraud
Cognizant’s Smart APP-Fraud Reimbursement Framework, powered by the Camunda platform, offers a comprehensive solution, addressing the limitations of Reimbursement Claims Management System (RCMS) and empowering Payment Systems Regulators (PSRs) to effectively combat Authorized Push Payment (APP) fraud. Our framework seamlessly integrates with RCMS and other critical banking systems (CRM, Fraud Prevention, Customer Communication), creating a unified view of fraud operations. the addressing the limitations of RCMS and empowering PSPs to effectively combat APP fraud. Our framework seamlessly integrates with RCMS and other critical banking systems (CRM, Fraud Prevention, Customer Communication), creating a unified view of fraud operations. *The APP Fraud Crisis: A Growing Threat Authorized Push Payment (APP) fraud is exploding, crippling trust in digital banking.
Agentic AI Assisted Quality Audit Process
Accounts Payable (AP) Invoice Processing
Accounts payable (AP) invoice processing involves receiving, recording, and routing invoices, and executing payments. It is a critical part of the procure-to-pay (P2P) process, which integrates purchasing and accounts payable systems. Cognizant has created a market-leading AP solution that leverages Camunda process orchestration. This solution uses AI models for high accuracy and maximum straight-through (also known as no-touch) processing of invoices. This solution also includes integration with SAP or another ERP system.
Case Study
Beyond Reimbursement Claims Management System (RCMS): Enhancing APP Fraud Reimbursement for UK PSPs
Cognizant’s Smart APP-Fraud Reimbursement Framework, built on the Camunda platform, empowers PSPs and banks to effectively combat the growing threat of APP fraud. Our framework seamlessly integrates with critical banking systems, including RCMS, breaking down data silos to provide a comprehensive view of fraud operations and customer interactions.
Our custom-built user interface simplifies complex tasks for fraud specialists, enabling them to efficiently manage claims, collaborate with other PSPs, and identify suspicious activities with ease. With intuitive dashboards and automated workflows, specialists can process claims faster and make more informed decisions.
Built on the low-code Camunda platform, our framework offers unparalleled flexibility. Banks can rapidly adapt to evolving fraud tactics, new payment types, and changing regulations by easily customizing the system to meet their specific needs.
Video - Intelligent Invoice Processing Solution for Camunda | Cognizant
Revolutionize Corporate Finance with Cognizant’s AI-powered Accounts Payable solution for Camunda. The solution streamlines and automates invoice creation, validation, approval and payments.
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10 Strategies to Improve Cross-Functional Collaboration on Process Orchestration and Automation Projects
Poor cross-functional collaboration can threaten project success. Help teams and stakeholders work collaboratively and align more successfully with process orchestration.
