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Cognizant Corporate Actions Processing Platform from Cognizant
Corporate actions solution featuring automated data sourcing, validation, notification, instruction processing, and entitlement calculation. Includes STP capabilities, dashboard reporting, and integration with core banking and brokerage systems.
Product analysis by function
Corporate Actions Processing Systems for Operations
Specialized software handling dividends, stock splits, mergers, rights issues, and other corporate events affecting securities holdings.
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Corporate Actions Coverage
(8 Yes /8 Known /10 Possible features)
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Supported Event Types Number of distinct corporate action event types (e.g., dividends, stock splits, mergers) the system can process. |
No information available | |
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Multi-market Support Ability to process corporate actions across multiple geographical markets and exchanges. |
Described as multi-market capable with integration to various exchanges and geographies. | |
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Custom Event Handling Ability to create and process custom or non-standard corporate actions. |
Custom/non-standard event handling is typical in mature corp. actions platforms like Cognizant's. | |
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Tax Withholding Calculation Supports automated calculation of withholding taxes for various event types. |
No information available | |
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Multi-currency Support Handles events and transactions in multiple currencies with FX conversion. |
Multi-currency processing referenced in public solution brochures. | |
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Linked Event Processing Ability to identify, group, and process linked or sequential events (e.g., dividend and split on same security). |
System claims to handle complex events/bundled events, implying linked event support. | |
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Multi-ISIN/Identifier Recognition Supports processing securities with multiple identifiers (ISIN, CUSIP, SEDOL, etc.). |
Explicit mention of ISIN, CUSIP and SEDOL identifiers in product integration features. | |
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DRIP (Dividend Reinvestment Plan) Support Processes client choices for automatic dividend reinvestment. |
Dividend Reinvestment Plan handling is mentioned as a supported processing scenario. | |
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Historical Event Processing Ability to process and adjust past corporate actions or apply restatements retroactively. |
Historical/corrective event processing described in feature summary. | |
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Fractional Share Management Handles creation, allocation, and payout of fractional shares resulting from corporate actions. |
Fractional shares resulting from splits/mergers are handled per marketing collateral. |
Automation & Workflow
(9 Yes /9 Known /10 Possible features)
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End-to-End Automation Corporate actions processed without manual intervention under normal conditions. |
End-to-end automation and straight-through processing (STP) are platform focus points. | |
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Workflow Customization Ability to customize workflow stages and task sequencing. |
Workflow configurability/dashboards referenced. Customizable workflows implied. | |
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Exception Management Automated identification and assignment of exceptions or breaks requiring manual review. |
Exception management with manual review workflows highlighted in platform overview. | |
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Straight Through Processing Rate Percentage of actions processed without manual touch. |
No information available | |
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Bulk Processing Support Enables batch processing of multiple corporate actions events. |
Bulk/batch event processing prominently supported for large volumes. | |
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Configurable Alerting Ability to set thresholds, notifications, or escalation rules for key workflow stages. |
Configurable alerts/notifications mentioned in solution workflow. | |
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Assignment Rules Work items can be routed to specific roles, users, or teams automatically. |
Tasks can be routed to roles/teams per platform configuration. | |
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Audit Logging of Manual Overrides Detailed, time-stamped records kept for all manual interventions. |
Audit logging of manual changes is a standard compliance feature in Cognizant's financial products. | |
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User Dashboards Role-based dashboards tracking pending, completed, or exception tasks. |
Role-based dashboards and tracking for users/managers present. | |
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Service-Level Tracking Monitor processing against defined SLAs (e.g., response or completion times). |
SLA monitoring capabilities reported as part of reporting layer. |
Data Integration
(9 Yes /9 Known /10 Possible features)
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Inbound Integration (Data Vendors) Connectors for ingesting data from major vendors (e.g., DTCC, Bloomberg, SIX, Euroclear). |
Inbound data connectors for data vendors like Bloomberg and DTCC are highlighted. | |
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Inbound Format Support Range of supported data formats (e.g., ISO 15022, ISO 20022, Excel, XML, CSV, SWIFT). |
No information available | |
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API Availability RESTful or SOAP APIs for data integration and system interoperability. |
APIs available for integration with core platforms per documentation. | |
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Outbound Integration Interfaces for outbound messaging to downstream systems (e.g., settlement, finance, reporting). |
Outbound interfaces described in product integration documentation. | |
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Real-Time Data Feed Support Near real-time corporate actions event updates and notifications. |
Platform delivers near real-time notifications/event updates. | |
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Data Validation Rules Automated validation and enrichment of incoming data for accuracy and completeness. |
Automated data validation/enrichment routines form part of workflow. | |
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Master Data Integration Reconciliation and synchronization with internal security, client, and position master data. |
Integration/sync with security, client and position masters supported. | |
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Custom Mapping Tools User-configurable mapping and transformation between data sources/targets. |
Custom mapping and transformation tools referenced. | |
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Duplicate Event Detection Identifies and flags duplicate or conflicting corporate action notifications. |
Duplicate event detection flagged as a solution safeguard. | |
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Audit Trail for Data Changes Comprehensive logging of all inbound/outbound data changes and corrections. |
Comprehensive audit trail logging for all data changes standard in platform. |
Client Notification and Elections
(10 Yes /10 Known /10 Possible features)
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Client Notification Engine Automates notification to clients regarding upcoming events (e.g., proxy, rights issues, tender offers). |
Client notification layer automates corporate action alerts, elections. | |
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Configurable Templates Customizable notifications, election instructions, and event summaries. |
Configurable notification templates and event summaries provided. | |
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Multichannel Notification Supports email, web portal, SMS, push, and secure messaging. |
Supports multi-channel (email, portal, etc.) notification delivery. | |
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Digital Client Elections Online interface for clients to submit voluntary action instructions. |
Digital client election capture and management offered. | |
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Instruction Aggregation Aggregates client responses and generates summary instructions for market submission. |
Client instructions aggregation and market instructions generated and tracked. | |
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Election Deadline Management Automatically calculates and enforces client response dates and reminders. |
Election deadlines calculated and managed in workflow engine. | |
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Instruction Validation Real-time checking for valid elections based on position and eligibility. |
Instruction validation against positions/eligibility supported. | |
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Late Instruction Handling Defines protocols and warnings for late or amended client responses. |
Late/amended instruction protocols referenced in user guides/FAQs. | |
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Document Storage Stores and archives submitted instructions, supporting documents, or consents. |
Document and instruction storage/archive functionality provided. | |
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Response Tracking Dashboard Live monitoring of response rate, missing instructions, and pending follow-up. |
Response tracking dashboard described in user interface walkthroughs. |
Entitlements & Position Management
(10 Yes /10 Known /10 Possible features)
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Position Snapshotting Automatic capture of client holdings at record date/time for entitlement calculation. |
Position snapshot and entitlement calc at record date documented. | |
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Multi-Level Pro-Rata Allocation Distributes proceeds based on specified rules (e.g., priority, rounding, pro-rata at multiple entity levels). |
Platform supports entitlements for both retail and institutional/omnibus accounts. | |
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Multiple Account Types Handles entitlements for different account types (retail, institutional, omnibus, nominee). |
Handles cash & stock entitlements for account types as standard. | |
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Cash and Stock Proceeds Processing Automated calculation of both cash and securities outcomes for all clients. |
Cash and stock outcome calculations are a fundamental entitlement engine feature. | |
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Fractional Share Rounding Rules Configurable parameters for managing fractions (e.g., cash-in-lieu, carryforward). |
Fractional rounding rules can be configured (cash-in-lieu, etc.). | |
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Residual and Adjustment Handling Ability to track, adjust, and process residual balances from corporate actions. |
Residual/adjustment tracking listed as supported. | |
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Eligibility Verification Checks if clients/accounts are eligible for specific events or options. |
Eligibility checks are part of election & entitlement workflows. | |
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Restatement Support Recomputes entitlements if official event details are restated post-processing. |
Restatement/reprocessing functionality described for updated event info. | |
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Audit Reports Creates detailed logs and audit reports of all entitlement calculations. |
Audit reporting for all calculations available in dashboard suite. | |
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Bulk Adjustment Capabilities Easily process corrections or adjustments affecting multiple clients/accounts. |
Bulk correction/adjustment supported via batch operations. |
Settlement and Posting
(10 Yes /10 Known /10 Possible features)
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Automated Settlement Instructions Auto-generation of settlement entries for both cash and stock movements. |
Automated generation of settlement instructions built-in. | |
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SWIFT/ISO Settlement Messaging Creates, sends, and consumes standardized settlement messages (e.g., MT564, ISO 20022). |
Explicit ISO/SWIFT settlement messaging support referenced. | |
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Real-Time Posting Immediate posting of entitlements and movements to client and firm accounts. |
Immediate/real-time posting of entitlements and bookings available. | |
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Settlement Status Tracking Monitors status of cash/securities movement and highlights unsettled items. |
Settlement status tracking and exceptions/breaks handling referenced. | |
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Partial/Failed Settlement Handling Supports handling, reprocessing, and investigation of failed or partial settlements. |
Partial/failed settlements are flagged and managed via exception workflows. | |
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Auto Reconciliation Automated reconciliation of bookings with custodians, CSDs, or sub-ledgers. |
Auto-reconciliation to third-party/custodian records supported. | |
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Manual Overrides Users can manually adjust bookings or settlements with tracked authorization. |
Manual override/approval with audit trails explicitly supported. | |
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Multi-Stage Settlement Workflow Configurable steps from preliminary to final settlement. |
Multi-stage settlement workflow steps configurable in process builder. | |
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Audit Trail for Settlement Changes Detailed logging of all settlement amendments or reversals. |
Audit trail for settlement changes and amendments available. | |
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Settlement Confirmation Notifications Sends confirmations to clients or counterparties upon completion. |
Automated confirmation/notification on completed settlements supported. |
Controls & Compliance
(10 Yes /10 Known /10 Possible features)
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Four-Eyes Authorization Dual authorization required for sensitive operations (e.g., major booking amendments). |
'Four-eyes' authorization for major amendments referenced under compliance workflows. | |
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Configurable Maker-Checker Custom rules for checker review and approval for designated workflows. |
Configurable maker-checker approval process present for sensitive actions. | |
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Regulatory Reporting Automation of required regulatory submissions (e.g., to FCA, SEC). |
Regulatory reporting automation referenced as platform feature. | |
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Compliance Rules Engine Allows rules to define exceptions, embargoed securities, or other regulatory constraints. |
Compliance rules engine allows for regulatory/business rule constraints. | |
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Access Control & Segregation of Duties Granular role-based access management and audit for all user actions. |
Role-based access control major feature; auditability highlighted. | |
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Incident Logging Tracks and escalates processing exceptions, breaks, or compliance issues. |
Exception, break and incident logging are part of compliance overview. | |
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SOX/ITGC Audit Features System features facilitating Sarbanes-Oxley audits: logging, review, attestation. |
SOX/ITGC support including audits/logging outlined for US-based operations. | |
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Data Retention Policies Configurable rules for archival and deletion per regulatory requirements. |
Data retention and purge policies are configurable for compliance. | |
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Pre-processing Validation Checks completeness and compliance of events before processing. |
Pre-processing validation checks outlined in workflow logic. | |
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Error Handling & Exception Reporting Customizable handling and escalation for compliance or business rule violations. |
Customizable error handling, exception reporting described. |
Reporting & Analytics
(10 Yes /10 Known /10 Possible features)
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Standard Report Library Pre-built suite of reports (pending events, posted entitlements, breaks, etc.). |
Standard, out-of-the-box report library included. | |
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Custom Report Builder User-driven custom report definition with parameterized queries. |
Custom report builder with parameterization available. | |
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Real-Time Metrics Dashboard Live dashboards presenting current event processing and workflow status. |
Real-time dashboard reporting is a key user interface feature. | |
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Exception Reporting Reports on all process failures, breaks, or reconciliation mismatches. |
Exception/break reporting is part of standard output suite. | |
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Audit Trail Exports Exports of historical activity logs and changes for regulatory review. |
Export capability for compliance/regulatory audit trail logs present. | |
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Automated Scheduled Reporting Configurable scheduled generation and distribution of key reports. |
Scheduled distribution and automated generation of reports referenced. | |
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Ad Hoc Query Tools Advanced tools for users to build and run ad hoc data queries. |
Ad hoc query/data interrogation tools included. | |
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Export to Excel/CSV/PDF Support export of data and reports in common formats. |
Supports export to Excel, CSV, and PDF as standard report output. | |
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Data Visualization Inbuilt charts, graphs, or visualizations of key trends and volume statistics. |
Data visualization and summary dashboards highlighted. | |
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Role-Based Report Access Access to reports and dashboards based on user permissions. |
Role-based/report-level user permissions outlined in admin options. |
Security & Infrastructure
(9 Yes /9 Known /10 Possible features)
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Encryption In Transit & At Rest Data is encrypted both when stored and in transit between systems/users. |
Encryption in transit and at rest are standard for financial cloud products. | |
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Single Sign-On (SSO) Integrates with enterprise identity and authentication providers. |
Single sign-on supported via integration to enterprise ID providers. | |
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Multi-Factor Authentication (MFA) Supports strong user authentication mechanisms. |
Multi-factor authentication support described in access/security materials. | |
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Penetration Testing Certification Subject to regular external security testing and certification. |
Externally validated penetration/vulnerability testing referenced. | |
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Data Masking & Redaction Sensitive data masked in user interfaces and exports where appropriate. |
Data masking/redaction for sensitive user data in UI and exports. | |
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Change Management Logging Tracks all configuration, patching, and upgrade activity with audit logs. |
Change configuration/audit logging included for system administration. | |
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Disaster Recovery Capabilities Supporting failover, backup, and recovery in case of technical outages. |
Disaster recovery, backup and failover referenced as standard SLA components. | |
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Uptime Guarantee Service-level agreement on system uptime. |
No information available | |
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Hosting Model (Cloud/On-Premise/Hybrid) System available for deployment in various infrastructure models. |
Cloud, on-premise, and hybrid deployment models available. | |
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Scalability Ability to scale for peak loads or volume growth. |
Scalability claims for volume and concurrent users in marketing literature. |
Performance, Usability & Support
(8 Yes /8 Known /10 Possible features)
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Average Event Processing Time Typical time taken for an event from ingestion to completion. |
No information available | |
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Concurrent User Support Maximum number of active users supported simultaneously. |
No information available | |
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Intuitive User Interface Ergonomic, easy-to-navigate, modern graphical user interface. |
Modern, user-friendly interface a highlighted selling point. | |
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Help Desk & Vendor Support 24/7 help desk and direct vendor escalation channels. |
24/7 support and escalation to Cognizant help desk available. | |
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User Documentation & Training Comprehensive user manuals, release notes, and system training provided. |
Product suite includes comprehensive user manuals, training, and documentation. | |
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Configurable User Profiles Users can set preferences and personalize dashboard views. |
User profile customization and dashboard personalization available. | |
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Localization & Language Support Multi-language user interface and notifications. |
Multi-language/localization support referenced in global project deployments. | |
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Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1, Section 508). |
Accessibility compliance (WCAG, Section 508) included in requirements. | |
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Continuous System Monitoring Automated health checks and capacity alerts. |
Continuous system health/capacity monitoring tools referenced. | |
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Release & Upgrade Management Clear release scheduling, user notification of enhancements/fixes, and rollback capabilities. |
Release/upgrade management features and rollback options included. |
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