Cognizant and Alveo Introduce ESG Data Management Application

Cognizant reveals that it has entered an agreement with Alveo to provide a comprehensive Environmental, Social and Governance (ESG) data management solution to the financial services sector.

Through the partnership. companies will have the option to operationalize ESG data, integrate it into business processes for improved portfolio options while addressing the fast-evolving regulatory requirements.

Using its digital expertise and extensive knowledge of customers’ business, Cognizant will offer data operations and tech services in order to support the implementation and management of Alveo’s ESG Data-as-a-Service (DaaS) solution.

Alveo’s tech comes with built-in capabilities that are exclusive to the financial services sector, including mappings between different data sources and regulatory guidelines. Its platform offers customers with an overview of data operations and the option to query and investigate ESG data, such as complete lineage.

With Cognizant’s assistance, these capabilities will get integrated into customers’ app landscapes, business workflows and reporting needs.

The significance of financial institutions understanding the sustainability profile of funds has been growing globally. This is driven by investor demand for transparency, and updated regulations, like the EU’s Sustainable Finance Disclosure Regulation (SFDR).

“ESG is one of the biggest trends impacting financial institutions, and it requires a significant investment in data and data management technology,” stated Mark Hepsworth, CEO at Alveo.

Hepsworth added:

“We are delighted to work with Cognizant on this initiative and believe they have the experience and expertise to drive transformative ESG capabilities, elevating the way financial firms provide investment products and advice that meets the needs of investors looking for societal and capital returns.”

“This agreement brings to market a unique and necessary solution for financial institutions to evaluate the societal impact of investment decisions and modernise their business practices to better align with their social responsibility goals,” noted Craig Stanley, Senior Vice President and Business Unit Head for Cognizant Banking and Financial Services.

Stanley also mentioned:

“Alveo’s data mastering and data distribution solutions, which support financial institutions around the world, together with Cognizant’s digital implementation capabilities will help our clients meet new ESG regulations and the expectations of today’s socially conscious consumer.”

Sponsored Links by DQ Promote



Send this to a friend