LatentBridge and CTS partner to help firms achieve T+1 readiness
April 27, 2023
LatentBridge, a global intelligent automation firm, and Cognizant, a leading provider of digital solutions, today announced a strategic partnership to provide automation products and solutions for capital market firms to improve efficiencies and streamline their settlement processes ahead of the move to T+1.
The transition to accelerated settlements will require all market players to come together and review their current operations, compliance, technology, legal framework, and capital requirements.
With this partnership, Cognizant and LatentBridge will work closely to provide clients with Setts, an automated pre-matching product that addresses the manually intensive process of investigating and resolving trade exceptions, thereby reducing the risk of trade fails and saving time for operations teams.
"We are thrilled to partner with LatentBridge and offer our customers a faster, more accurate, and scalable deployment of Setts automated pre-matching product," said Prashanth Prabhakar, NA Consulting Head, BFSI, Enterprise Automation at Cognizant. "Our collaboration will enable us to provide a comprehensive digital solution for firms looking to automate their middle- and back-office operations."
Hema Gandhi, CEO, LatentBridge, said, "CTS's deep consulting expertise and global reach make them an ideal partner for LatentBridge as we look to expand our capabilities and outreach to global clients. Together, we will deliver stronger business value for capital markets enterprises looking to optimise their settlement process and reduce operational risks."
With their combined strengths in technology and domain expertise, CTS and LatentBridge are well-positioned to help businesses thrive in the digital age.
LatentBridge is a global intelligent automation firm with a vision to make intelligent automation accessible to every enterprise. Our innovative, market-leading pay-as-you-go platform brings together multiple technologies into a unified ecosystem, enabling enterprises to optimise their automation programme. The company’s industry-specific products and proprietary automation accelerators help firms rapidly adopt and scale their automation initiatives. For more information, visit: www.latentbridge.com
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernise technology, reimagine processes, and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.
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